"Halethorpe" Fully Renovated Commercial Building

2 Retail/Office Units, 0.67+ Acre, Zoned CB
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Listing Details

Sold Price
$194,250
Auction Date
Auction Time
11:00 AM
Address
2300 Hammonds Ferry Road, Halethorpe, MD, 21227
County
Baltimore County
Neighborhood
Halethorpe
Scroll down for Complete Details, including: property description, additional photos, and Terms of Sale.

Additional Photos

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REAL ESTATE AUCTION
"Halethorpe"

 

-  Fully Renovated -
COMMERCIAL BUILDING
2 Retail/Office Units 0.67+ AcreZoned CB

 

Sale On Premises
2300 HAMMONDS FERRY ROAD
Baltimore County, MD 21227

WEDNESDAY, APRIL 23, 2014
AT 11:00 A.M.


   NOTE:  The information contained herein has been obtained from sources deemed reliable and believed to be accurate.  However, no express or implied warranty is made as to the accuracy of these representations.  All dimensions contained herein are more or less. 


GENERAL INFORMATION


LOCATION:

2300 Hammonds Ferry Road is located in southwestern Baltimore County, just east of the Baltimore Beltway (I-695) Exit 9 and 0.9 mile north of Hollins Ferry Road.  Hammonds Ferry Road is a mixed use thoroughfare with commercial and industrial properties as well as individual single family homes.  The location is exceptional, with close proximity to the Baltimore Beltway, I-95, Harbor Tunnel (I-895) and Baltimore-Washington Parkway (MD-295) and Downtown Baltimore City.

For directions from your location, visit: maps.google.com


SITE:

Irregularly shaped parcel comprising 0.6723 acre, according to the Deed (SDAT tax records indicate 1.00 acre)


Two curb cuts


Two large macadam paved parking areas


Public water and public sewer


LEGAL DESCRIPTION (pdf)


Tax Map:
Photos of auction property


IMPROVEMENT DESCRIPTION:

One story commercial building arranged for two retail spaces, comprising 1,440 square feet, more or less. The building was completely renovated in 2013 and is described as follows:


Exterior

  • Vinyl sided facade
  • Asphalt shingle roof with aluminum gutters and rain spouts
  • Insulated windows
  • Handicap accessible


Unit "A" - Rented for $950/month (lease is available for inspection)

  • Retail Area - ceramic tile flooring, florescent fixture lighting
    Photos of auction property
     
  • New Kitchenette - oak cabinetry, ceramic tile flooring, built-in stainless steel microwave oven
    Photos of auction property
     
  • Rest Room - renovated
    Photos of auction property


Unit "B" - Vacant

  • Retail Area - Pergo flooring, florescent fixture lighting
    Photos of auction property
     
  • New Kitchenette - oak cabinetry, ceramic tile flooring, built-in microwave oven
    Photos of auction property
     
  • Rest Room - renovated
    Photos of auction property
     
  • Utility Room


Mechanical

  • Separate gas forced hot air heating systems for each unit
  • Separate central air conditioning systems for reach unit


ANNUAL REAL ESTATE TAXES:

2013-2014 Annual Real Estate Taxes - $4,387 (based on a full value tax assessment of $303,500).  Purchasers may petition for a reduction in the assessment of their property in conjunction with a purchase price substantially less than the currently assessed value of the property. Purchasers are encouraged to contact SDAT concerning the appeals process and may see the following link for helpful information:
http://www.dat.state.md.us/sdatweb/appeal.html.


TITLE:

The property is in fee simple and is being sold free and clear of all liens.


ZONING:

CB: Community Business (most of the site); and

ML-IM: Light Manufacturing-Industrial Major (small portion of the site)


Baltimore County GIS Zoning Map:
Photos of auction property


FINANCING:

See our Financing Page for a list of auction-oriented lenders.


INSPECTION:

At 10:00 a.m. on the day of the auction only.


TERMS OF SALE:

Deposit payable by certified or cashier's check of $15,000 will be required of the purchaser at time and place of sale.  The deposit shall be increased to 10% of the purchase price within 24 hours at the office of the Auctioneers.  Balance to be paid in cash at settlement, which shall take place within 45 days. If payment of the balance does not take place within the specified time, the deposit will be forfeited and the property may be resold at the risk and expense of the defaulting purchaser. Interest to be charged on the unpaid purchase money, at the rate of 12% per annum, from date of sale to date of settlement.  Taxes, ground rent and all other public charges and assessments, payable on an annual basis, including sanitary and/or metropolitan district charges, if any, to be adjusted for the current year to date of sale and assumed thereafter by the purchaser. The property will be sold in "AS IS" condition, without express or implied warranty as to the nature and description of the improvements as contained herein;  and subject to easements, agreements, restrictions or covenants of record affecting same, if any. Purchaser assumes risk of loss from the date of sale forward.  The purchaser waives and releases the Seller, the Auctioneers, and their respective agents, successors and assigns from any and all claims the purchaser and/or its successors and assigns may now have or may have in the future relating to the condition of the property, including but not limited to the environmental condition thereof.  If the Seller is unable to convey good and marketable title, the purchaser's sole remedy in law or equity shall be limited to the refund of the deposit.  Upon refund of the deposit this sale shall be null and void and of no effect, and the purchaser shall have no further claim against the Seller or Auctioneer. Recordation costs, transfer taxes and all costs incidental to settlement to be paid by the purchaser, except where otherwise mandated by local, State or Federal law.  A 5% Buyer's Premium will be added to the final bid price.  TIME IS OF THE ESSENCE.