"Randallstown" Commercial Building

On 2.35 Acres - Zoned BL
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Listing Details

Sold Price
$225,000
Auction Date
Auction Time
3:00 PM
Address
10233 Liberty Road, Randallstown, MD, 21133
County
Baltimore County
Neighborhood
Randallstown
Additional Documents
Metes and Bounds Description
Please complete the Waiver and Confidentiality Agreement (see above link) to receive recent Phase I and II Environmental Reports.
Scroll down for Complete Details, including: property description, additional photos, and Terms of Sale.

Additional Photos

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Stephen M. Goldberg, Solicitor
Tydings & Rosenberg, LLP
100 E. Pratt Street, 26th Floor
Baltimore, MD 21202

SUBSTITUTE TRUSTEES' AUCTION

RANDALLSTOWN

Freestanding Brick
COMMERCIAL BUILDING
Situated on 2.35± Acres
Zoned BL, Business Local

Sale On Premises
10233 LIBERTY ROAD
Between Marriottsville & Lyons Mill Roads
Baltimore County, MD 21133

MONDAY, OCTOBER 27, 2014
AT 3:00 P.M.

    Under and by virtue of the power of sale contained in a certain Purchase Money Deed of Trust and Fixture Filing (the "Deed of Trust") from Miles Bellamy to the Trustee therein, dated November 9, 2006, and recorded among the Land Records of Baltimore County, Maryland, in Liber 24867, Folio 114, the holder of the indebtedness secured thereby having appointed the undersigned to act as Substitute Trustees, by instrument duly executed, acknowledged and recorded among the Land Records aforesaid, default having occurred under the terms thereof and at the request of the party secured thereby, the undersigned Substitute Trustees will sell at Public Auction, on the premises, the following:

    All that fee simple lot of ground and the improvements thereon, situate and lying in Baltimore County, State of Maryland and being more fully described in the above-referenced Deed of Trust.

    The property fronts approximately 180' along the southwest side of Liberty Road (MD-26) by a depth of approximately 539', comprising approximately 2.35 acres of land.  According to signage at the site, the property is currently occupied by two businesses - Panache Salon and Barbershop and ADP Recovery, Inc.

    Panache occupies a free standing brick and stucco building with basement.  The building has approximately 936 square feet on the first floor and 728 square feet on the second, comprising approximately 1,644 square feet of gross building area.  The structure appears to have a composition shingle roof, vinyl-clad replacement windows, and separate exterior entrances to each level, including the basement, zoned HVAC, a wheel-chair ramp and asphalt paved parking area.

    ADP Recovery, Inc. occupies a chain link fenced, gravel paved yard in the rear of the building and uses the site for automobile storage.

    The metes and bounds description and/or plat is available on the Auctioneer's web site or by calling the Auctioneer's office.  For complete site information, prospective purchasers should refer to those metes and bounds descriptions and/or plats.  Prospective purchasers are encouraged to perform their own due diligence with regard to the zoning and permitted uses of the property.  Site and improvement descriptions stated above are for informational purposes only and are made without express or implied warranty.  Dimensions, square footage and acreage mentioned within this advertisement are approximate and more or less.

Additional Information

Published taxes for 2013-2014 are $4,261, based on a full value assessment of $315,000.

Towing Company is believed to be paying $2,000/month rent.

METES AND BOUNDS DESCRIPTION (pdf)

Zoned BL, Business Local

For more information, see:
http://myneighborhood.baltimorecountymd.gov/

or Zoning Code Online

Zoning Map:
Photos of auction property


Environmental Reports
Recent Phase I and II Environmental Reports are available. Please return the signed WAIVER AND CONFIDENTIALITY AGREEMENT (pdf) for access.

TERMS OF SALE

      A $20,000 deposit, payable by certified check or cashier's check, 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 Auctioneer's Office.  Balance to be paid in cash at settlement, which shall take place within ten (10) business days following final ratification of the sale by the Circuit Court for Baltimore County at the offices of Tydings & Rosenberg, LLP.  If payment of the balance does not take place within the specified time, the deposit shall be forfeited and the property may be resold at the risk and expense of the purchaser.  Interest to be charged on the unpaid purchase money, at the rate stated in the Note executed in connection with the foreclosed Deed of Trust, from date of sale to date of settlement.  If settlement is delayed for any reason, there will be no abatement of interest.  All adjustments as of date of sale.  Taxes 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; subject to any environmental condition or matter, if any, whether latent or otherwise, and subject to any easements, agreements, restrictions or covenants of record affecting same, if any, and any governmental requirements affecting same.  Purchaser shall be responsible for obtaining physical possession of the property and assumes the risk of loss or damage to the property from the date of sale forward.  The purchaser waives and releases the Substitute Trustees, 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.  The property is sold subject to a one year right of redemption by the United States Small Business Administration. If the Substitute Trustees are 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 Substitute Trustees, the holder of the indebtedness or Auctioneers.  Recordation costs, transfer taxes and all other costs incident to settlement to be paid by the purchaser. Time shall be of the essence for the purchaser.

      The Substitute Trustees reserve: (1) the right to accept or reject any or all bids; (2) the right to modify or waive the requirements for bidders' deposits and terms of sale and/or settlement; (3) the right to withdraw the Property from the sale before acceptance of the final bid; and (4) the right to cancel or postpone the sale.


No Buyer's Premium

Stephen M. Goldberg and Mary Fran Ebersole,
Substitute Trustees