41655 Park Ave
Leonardtown, MD 20650
The Inn At Leonardtown, Ascend Hotel · Hospitality Property For Sale · 28,560 SF

REAL ESTATE AUCTION $1,500,000 Suggested Opening Bid LEONARDTOWN TOWN CENTER c. 2008 41 ROOM HOTEL Known As EXECUTIVE INN & SUITES PARK AVENUE HOTEL Sale On Premises 41655 PARK AVENUE Corner Guyther Drive St. Mary's County, MD 20650 FRIDAY, MARCH 22, 2019 AT 12:00 NOON LOCATION: The Executive Inn and Suites Park Avenue Hotel is located in the center of Historic Leonardtown. With centuries of heritage, Leonardtown is among the most historically significant locations in Southern Maryland, as well as one of the most attractive. The town is situated along the northern edge of McIntosh Run, providing waterfront views, recreational opportunities and a maritime charm. McIntosh Run feeds out to Breton Bay and eventually the Potomac River, providing access and recreation throughout the Chesapeake Bay region. Only one-half block from the central square bound by Washington Street, Fenwick Street and Park Avenue, the Hotel is well positioned to take advantage of access to the nearby restaurants, galleries, museums and town architecture. Leonardtown is the St. Mary's County Seat, and accordingly the town contains the County Circuit Court, Election Board and law offices. The Town has also been designated as an Arts and Entertainment District by the Maryland State Arts Council,. According to the MSAC.org website, "Maryland's Arts & Entertainment (A&E) Districts help develop and promote community involvement, tourism, and revitalization through tax-related incentives that attract artists, arts organizations, and other creative enterprises to towns and cities across the State." SITE: Lot size: 21,924 square feet, or 0.503 acre, according to public tax records. The lot fronts approximately 203' along Park Avenue, with depths of 105' and 110'. All public utilities. Asphalt paved, reserved parking area at the rear of the building for 30+ vehicles. There is a free municipal parking lot with additional parking in front of the building. Concrete curbing and brick sidewalk along front of property. IMPROVEMENTS: Three story brick building - constructed in 2008 and containing 28,560 square feet of living area, according to public tax records. Finishes include marble tile, drywall, carpet, crown molding and recessed lighting. The hotel is fully furnished and was operating through February 16, 2019. Features include: 41 total rooms with private baths, electric heat pump/AC and fire doors. - 38 standard rooms with a mix of layouts, two rooms with partial water views - 2 suites with jetted tubs - 1 'executive suite' with kitchenette, jetted tub and shower Two conference/ball rooms Two story reception area with two sitting areas and two powder rooms Bar/lounge (no liquor license) Breakfast room Kitchen Fitness room with sauna Commercial laundry and facilities room with laundry chute accessible from housekeeping rooms on upper two floors Housekeeping rooms on each floor Elevator Two interior stairwells