15300 Dino Dr Burtonsville, MD 20866

This bankruptcy court-ordered sale presents a unique opportunity to acquire approximately 5.86 acres (255,262 square feet) of commercially zoned land in Burtonsville, Maryland. Located at 15300 Dino Drive, Montgomery County, zip code 20866 (39.1087013, -76.9240728), this property is zoned R200 or TDR. While previously entitled for 88 independent living units and 91 assisted living/memory care beds, these entitlements do not transfer; prospective buyers must conduct their own due diligence regarding any potential development. The property is ideally suited for senior housing or single-family development, situated in a rapidly growing area. The sale is an "as is, where is" transaction with no guarantees or warranties from the seller. A buyer's premium of 5% of the sale price applies. Bids must be submitted by November 26, 2024, at 5:00 PM CT. The top five bidders will participate in a possible live auction on December 2, 2024, at 10:00 AM CT via Zoom. The successful bidder and backup bidder will be required to post a non-refundable good faith deposit; no financing or inspection contingencies are allowed. Closing must occur within seven business days of court approval, with any stay waived. This sale is conducted under the order of the U.S. Bankruptcy Court for the District of Maryland (Greenbelt Division), Case Nos. 21-10491-MCR and 21-10492-MCR. All potential purchasers are responsible for their own due diligence regarding entitlements and all other aspects of the property.