Arundel Village Plaza, a strip mall in Brooklyn Park along Ritchie Highway, is scheduled to be sold at a foreclosure auction next week at the Anne Arundel County courthouse.
The auction is scheduled for July 13 at 2 p.m.
The plaza, located about a mile from the city line at 5501 Ritchie Highway, has struggled with vacancies, a business tenant said Thursday.
“Half of the shopping center is empty and they have been trying to get new tenants in,” said Riz Shah, a partner in the Medicine Shoppe, one of the few businesses in the plaza.
Shah said he was unaware of the upcoming foreclosure auction.
The business was assessed at $705,700 on Jan. 1, according to Maryland State Department of Assessments and Taxation records. The state lists the property’s owners as Arundel Village Plaza LLC. Venable LLP is listed as a substitute trustee.
The property was sold to the present owners in September 1997 for $2.1 million, state records show.
Alex Cooper Auctioneers, which will auction the plaza, has requested interested parties bring a payment of $400,000 to the auction. Paul Cooper, a principal in the auction house, was unavailable for comment.
The Arundel Village Plaza was built in 1985 and has 22,956 square feet, state records show. The plaza has numerous fast food chain restaurants located as stand-alone businesses in its parking lot, including a Long John Silver’s seafood restaurant and a Taco Bell.