"Aberdeen, MD"

Retail Strip Center
5 Tenant Spaces & Parking Lot
$43,428 Gross Annual Rents at 80% Occupancy
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Listing Details

Sold Price
$252,000
Auction Date
Auction Time
11:00 AM
Address
101-109 E. Bel Air Avenue, Aberdeen, MD, 21001
County
Harford County
Neighborhood
Aberdeen
Financing
See our Financing Page for a list of auction-oriented lenders.
Scroll down for Complete Details, including: property description, additional photos, and Terms of Sale.

Additional Photos

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- Aberdeen, MD -

RETAIL STRIP CENTER
5 Tenant Spaces ◆ Parking Lot

$43,428 Gross Annual Rents
at 80% Occupancy

Sale On Premises
101-109 E. BEL AIR AVENUE
Near Aberdeen Proving Ground
Harford County, MD 21001

NOTE:  The information contained herein has been obtained from sources deemed reliable and is believed to be accurate.  However, no express or implied warranty is made or may be inferred from any such representation.  Dimensions, square footage and acreage contained herein are more or less.  Prospective purchasers are encouraged to perform their own due diligence, in advance of the auction, regarding the permitted uses of the property.

LOCATION:
101-109 E. Bel Air Avenue is located in the town of Aberdeen in southeastern Harford County.  The property is south of US Route 40 and northwest of Aberdeen Proving Ground and the Chesapeake Bay.  The area is a mixture of residential and commercial land uses.  The property fills a need for community retail services.

SITE:
The property is comprised of two contiguous lots, situated at E. Bel Air Avenue and New County Road:

Parcel 1 (Tax Map 204, Parcel 2134)         0.27 acre - irregular, 38' x 178'
Parcel 2 (Tax Map 204, Parcel 2224)         0.90 acre - irregular, 142' x 260'
                                                                   1.17 acre

Tax Map:
belair101-109 taxmap

Metes and Bounds Legal Description

Zoning B-1, neighborhood business

Public water and sewer

Asphalt paved front parking lot for approximately 15 vehicles.  Open grassy area in rear, suitable for additional parking.

IMPROVEMENTS:
One Story Brick and Concrete Block Retail Buildings - according to public records, 101 E. Bel Air Avenue was constructed in 1948 and contains 3,312 square feet, 103-109 E. Bel Air Avenue was built in 1960 and contains 4,645 square feet.  Both buildings have built-up rubber roofs, updated in 2008.

Each tenant space has:

  • Separate entrance
  • Separate HVAC
  • Separate water heaters
  • Carpet or vinyl flooring, drywall, acoustical tile ceilings
  • Separate utility meters, except 107-109 which share a water meter
Unit Tenant Description Monthly Rent
101 E & B Food Market Open sales area with loading dock, rest room, unfinished basement;  gas forced air heat and central air $1,400
103 Church Open area and rest room; on slab; gas forced air heat and wall air conditioning 750
105 Carryout Restaurant Church taking over operation, open area, rest room; on slab; gas forced air heat and wall air conditioning 850
107 Former Hair Salon
(vacant)
Front room, 3 rear rooms, 2 rest rooms, unfinished basement; electric heat pump and central air Vacant
109 Barber Shop One large room and rest room; oil forced air heat and wall air conditioning; unfinished basement. 619
Current Monthly Rent at 80% Occupancy $3,619

Please complete the Waiver and Confidentiality Agreement for copies of the leases and expense information.

TAXES:
Published annual real estate taxes:

101 E. Bel Air Avenue (Tax Account #014122) - $3,596 based on full value assessment of $216,967

103-109 E. Bel Air Avenue (Tax Account #014106) - $4,191 based on full value assessment of $253,567

TITLE:
The property is in fee simple and is sold free and clear of liens.  Harford County Deed Book 7998, Page 664.

TERMS OF SALE:
A 10% deposit, payable by certified check or cashier's check, will be required of the Purchaser at time and place of sale.  Balance to be paid in cash at settlement, which shall take place within 45 days.  If payment of the deposit or 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.  All adjustments, including taxes, rents, all other public charges and assessments payable on a monthly or annual basis, and sanitary and/or metropolitan district charges, if any, to be adjusted for the current year to date of settlement and assumed thereafter by the Purchaser.  The property will be sold in "AS IS" condition, and subject to easements, agreements, restrictions or covenants of record affecting same, if any.  Purchaser assumes the 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 Auctioneers.  Recordation costs, transfer taxes and all costs incidental to settlement to be paid by the Purchaser.  Time is of the essence.

No buyer's premium