(April 5, 2019) The liquor control warehouse in Snow Hill now has a Realtor after the Worcester County Commissioners unanimously agreed to list the property with SVN Miller Commercial Real Estate during a March 19 meeting.
John McClellan, senior adviser with the firm, said he had toured the 45,575-square-foot property and expressed optimism.
“I believe it is a saleable asset,” McClellan said. “I believe it has a lot of qualities in terms of distribution central to Delmarva as far as various loading configurations, tall ceilings, some other features that I think would make it attractive.”
The county commissioners have approved selling the building in its current condition, with its “as is” fair market value assessed at $990,000. They rejected two bids during a Feb. 19 meeting after finding their offers were “far below the asking price,” according to Chief Administrative Officer Harold Higgins.
Kelly Shannahan, assistant chief administrative officer, previously told the commissioners the county still owes around a $444,000 mortgage on the property.
McClellan said his company represents “about 70 percent of commercial transactions on Delmarva.”
When asked how long it might take before a sale is made, , McClellan said it typically takes about six months.
“We’re confident that we can give this property great exposure to not only the brokerage community but to buyers and prospects across the country, and hopefully bring the county a successful transaction in a relatively short order,” McClellan said.
The property would be sold with a 6 percent commission for the firm, according to Higgins.
Commissioner Chip Bertino moved to list the property with SVN Miller Commercial Real Estate, and Commissioner Joseph Mitrecic seconded it.