15300 Dino Dr
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15300 Dino Dr
5.86 Acres of Commercial Land Offered at $5,500,000 in Burtonsville, MD 20866
Investment Highlights
- Potential purchasers must perform their own due diligence relating to entitlements and all other aspects of the property.
- This sale is being conducted by Order of the U.S. Bankruptcy Court for the District of Maryland
Executive Summary
Bid Deadline: February 14, 2025 at 5 pm CT
Possible Live Auction Date & Time (Top Bidders): February 21, 2025 at 10 am CT, via Zoom
Minimum Bid: $5,500,000
Buyer’s Premium: 5% of Sale Price
Acres: Approx. 5.86 (255,262 SF)
Zoning: R200 or TDR
Property Description: This is a bankruptcy court ordered sale of an approx. 5.86-acre parcel of land located at 15300 Dino Dr., Burtonsville, MD 20866. Ideal for senior housing or single family development, this parcel was recently entitled for the development of 88 units for independent living plus 91 beds of assisted living/memory care. Prior entitlements DO NOT transfer with the sale.
This parcel is situated in a rapidly growing area, providing an attractive opportunity for investors looking to meet the rising demand for senior housing.
For more information, please download the due diligence documents: the Broker’s Opinion of Value, bid procedures, APA, and notes from debtor’s counsel.
**Potential purchasers must perform their own due diligence relating to entitlements and all other aspects of the property. This sale is an as is where is sale without any guarantees or warranties from Seller and/or its agents. The existence and extent of any potential or past approvals or entitlements for senior housing development or any other development is up to Purchaser to analyze and conclude without any representation or warranty from seller and/or its agents. **
Sale Process:
This sale is being conducted by Order of the U.S. Bankruptcy Court for the District of Maryland (Greenbelt Division) in Case No. 21-10491-MCR Chapter 11 (Burtonsville Crossing, LLC, Debtor) and Case No. 21-10492-MCR Chapter 11 (Elderhome Land, LLC, Debtor), Jointly Administered Under Case No. 21-10492 MCR.
Bids must be received on or before the deadline of November 26, 2024 at 5 p.m. (CT) and must be submitted on the Purchase and Sale Agreement provided here along with proof of sufficient funds. Bids should be submitted to Diana Peterson via email at dianap@awproperties.com.
The successful bidder and back-up bidder shall both be required to post a non-refundable good faith deposit, with no financing or inspection contingencies. The successful buyer shall close within seven (7) business days after Court approval of the sale and any stay of such order shall be waived.
Bid Procedures:
Please refer to the bidding procedures provided here. Any questions should be directed to Diana Peterson: dianap@awproperties.com; 312.218.6102.
For Information Relating to the Other Land Parcel Included in this Bankruptcy Court Ordered Sale, Please Click Here: https://auctions.awproperties.com/product/bankruptcy-court-ordered-sale-of-vacant-land-zoned-rc-in-burtonsville-md-ideal-for-sf-development/
Possible Live Auction Date & Time (Top Bidders): February 21, 2025 at 10 am CT, via Zoom
Minimum Bid: $5,500,000
Buyer’s Premium: 5% of Sale Price
Acres: Approx. 5.86 (255,262 SF)
Zoning: R200 or TDR
Property Description: This is a bankruptcy court ordered sale of an approx. 5.86-acre parcel of land located at 15300 Dino Dr., Burtonsville, MD 20866. Ideal for senior housing or single family development, this parcel was recently entitled for the development of 88 units for independent living plus 91 beds of assisted living/memory care. Prior entitlements DO NOT transfer with the sale.
This parcel is situated in a rapidly growing area, providing an attractive opportunity for investors looking to meet the rising demand for senior housing.
For more information, please download the due diligence documents: the Broker’s Opinion of Value, bid procedures, APA, and notes from debtor’s counsel.
**Potential purchasers must perform their own due diligence relating to entitlements and all other aspects of the property. This sale is an as is where is sale without any guarantees or warranties from Seller and/or its agents. The existence and extent of any potential or past approvals or entitlements for senior housing development or any other development is up to Purchaser to analyze and conclude without any representation or warranty from seller and/or its agents. **
Sale Process:
This sale is being conducted by Order of the U.S. Bankruptcy Court for the District of Maryland (Greenbelt Division) in Case No. 21-10491-MCR Chapter 11 (Burtonsville Crossing, LLC, Debtor) and Case No. 21-10492-MCR Chapter 11 (Elderhome Land, LLC, Debtor), Jointly Administered Under Case No. 21-10492 MCR.
Bids must be received on or before the deadline of November 26, 2024 at 5 p.m. (CT) and must be submitted on the Purchase and Sale Agreement provided here along with proof of sufficient funds. Bids should be submitted to Diana Peterson via email at dianap@awproperties.com.
The successful bidder and back-up bidder shall both be required to post a non-refundable good faith deposit, with no financing or inspection contingencies. The successful buyer shall close within seven (7) business days after Court approval of the sale and any stay of such order shall be waived.
Bid Procedures:
Please refer to the bidding procedures provided here. Any questions should be directed to Diana Peterson: dianap@awproperties.com; 312.218.6102.
For Information Relating to the Other Land Parcel Included in this Bankruptcy Court Ordered Sale, Please Click Here: https://auctions.awproperties.com/product/bankruptcy-court-ordered-sale-of-vacant-land-zoned-rc-in-burtonsville-md-ideal-for-sf-development/
Data Room Click Here to Access
- Purchase Agreement
- Third Party Reports
- Miscellaneous
Property Facts
1 Lot Available
Lot
| Price | $5,500,000 | Lot Size | 5.86 AC |
| Price Per AC | $938,567 |
| Price | $5,500,000 |
| Price Per AC | $938,567 |
| Lot Size | 5.86 AC |
This is a bankruptcy court ordered sale of an approx. 5.86-acre parcel of land located at 15300 Dino Dr., Burtonsville, MD 20866. Ideal for senior housing or single family development.
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zoning
| Zoning Code | R200 or TDR |
| R200 or TDR |
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15300 Dino Dr
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