18811 Oldtown SE rd - Oldtown United Methodist Church 3,900 SF Specialty Building Offered at $199,000 in Oldtown, MD 21555

The price of this modern worship facility makes it a superb deal for a religious buyer. Occupying ±3.78 acres of land, the complex is almost 4000 SF. Churches can cost between $150 and $350 per square foot to build, so a complex of this size would be worth $588,000 to $1,372,000 construct new.
Built in 1967, this well-maintained facility includes an entrance foyer, sanctuary with pew seating for under 100, warming kitchen, large multipurpose room with accordion wall divider, restrooms, two classrooms with tot bathroom, large gazebo for outdoor functions, spacious lawn area, and paved parking. The building is served by HVAC, along with well and septic.
To schedule a tour, please have your real estate professional book through MLS Showing Time. There is no option to lease the building. The seller has limited knowledge about the property and welcomes buyers to undertake a full inspection. The property will be sold as is; seller will make no repairs. Owner financing may be available for a full-price offer. Commercial loan terms: 30% down, 7.5% interest, amortized over 20 years, 5-year balloon. The seller makes no representation regarding condition, zoning, or use. Buyers should address any issues during the study period.
To submit an LOI, please download or request a term sheet. The seller has its own commercial purchase agreement and its own closing agent. Buyer to pay all closing costs excluding seller agent commission. There is no seller concession for buyer agent fees. This is a commercial sale.