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15300 Dino Dr
Burtonsville, MD 20866
BK Ct Ordered Sale Land Entitled Sr Housing · Land For Sale
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5.86 AC
INVESTMENT HIGHLIGHTS
- Potential purchasers must perform their own due diligence relating to entitlements and all other aspects of the property.
- Situated in a rapidly growing area
- This sale is being conducted by Order of the U.S. Bankruptcy Court for the District of Maryland
- Attractive opportunity for investors looking to meet the rising demand for senior housing
EXECUTIVE SUMMARY
Possible Live Auction Date & Time (Top Bidders): March 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
Entitlements Now Included in the Sale (Per Jan. 6, 2025 Court Order):88 Units Independent Living & 91 Beds of Assisting Living/Memory Care
**Potential purchasers must perform their own due diligence relating to the Property and its conditional use entitlements. This sale is an as is where is sale without any guarantees or warranties 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 March 14, 2025 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. Subject to bankruptcy court approval the sale will conclude with the highest bidder.
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/
PROPERTY FACTS
| Sale Type | Investment | Property Subtype | Commercial |
| Sale Condition | Distress Sale | Proposed Use | |
| No. Lots | 1 | Total Lot Size | 5.86 AC |
| Property Type | Land | ||
| Zoning | R200 or TDR | ||
| Sale Type | Investment |
| Sale Condition | Distress Sale |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | |
| Total Lot Size | 5.86 AC |
| Zoning | R200 or TDR |
1 LOT AVAILABLE
Lot
| Lot Size | 5.86 AC |
| Lot Size | 5.86 AC |
Bankruptcy court-ordered sale of approx. 5.86-acres located at 15300 Dino Dr., Burtonsville, MD 20866. Ideal for senior housing development. Entitlements Now Included in Sale (Per 1/6/25 Court Order):88 Units IL & 91 Beds of AL/Memory Care.
DESCRIPTION
This approx. 5.86 acre parcel of land located at 15300 Dino Dr., Burtonsville, MD 20866 with conditional use entitlements already in place for senior housing development is being sold by Order of the U.S. Bankruptcy Court for the District of Maryland. The property received conditional use entitlements from the Montgomery County, Maryland government including 88 units for independent living plus 91 beds of assisted living/memory care and is being sold with those conditional use entitlements by the Order of the U.S. Bankruptcy Court for the District of Maryland (such order filed on January 6, 2025 and attached here). Rule 27 of Land Use Rules of Procedure of Montgomery County provides the procedure for the transfer of a conditional use to a new holder. 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, contact Diana Peterson at 312.218.6102 or dianap@awproperties.com.
