"Essex"

Commercial Building
Formerly a Grocery Store & Restaurant
4,680+/- Gross Sq. Ft., 25+/- Car Parking
7930.jpg

Listing Details

Sold Price
$280,000
Auction Date
Auction Time
11:00 AM
Address
731 S. Marlyn Avenue, Essex, MD, 21221
County
Baltimore County
Neighborhood
Essex
Inspection
At 10:00 a.m. on the day of the auction. An open house may be scheduled prior to the auction based on demand. Please email info@ajbillig.com or call 410.296.8440 to state your interest in inspecting the property prior to sale.
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

Use Mobile?
7875.jpg
7875.jpg
7876.jpg
7930.jpg

REAL ESTATE AUCTION

ESSEX

COMMERCIAL BUILDING
Formerly a Grocery Store & Restaurant
4,680+/- Gross Sq. Ft. ✦ 25+/- Car Parking
Zoned BL - Business Local

Sale On Premises
731 S. MARLYN AVENUE
Near Foote Road
Baltimore County, MD 21221

WEDNESDAY, JUNE 24, 2015
AT 11:00 A.M.

- Suggested Opening Bid: $200,000 -

    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:
731 S. Marlyn Avenue is located in Essex in southeastern Baltimore County. Nestled among the waterfront communities surrounding the Back River and Deep Creek, S. Marlyn Avenue is a main thoroughfare providing shopping and dining options to area residents and visitors. Located just one mile south of Eastern Boulevard, the location is easily accessible  to consumers coming from both I-695 and Southeast Boulevard (MD 702). The site features ample parking, two curb-cuts, great signage and a substantially open floor plan, making the building suitable for any number of different uses.

For more information about the area, please visit:
https://www.baltimorecountymd.gov/
and
http://www.eastcountytimesonline.com/

SITE:
Level, rectangular lot - comprising 19,122 square feet, or 0.439 acre, more or less, according to public tax records

The lot fronts approximately 100' on S. Marlyn Avenue

Two curb-cuts

Macadam paved parking lot for 25+ vehicles

Driveway to side of building

Fenced rear yard area

Box sign at S. Marlyn Avenue

Public water and sewer

IMPROVEMENT DESCRIPTION:
Single story freestanding building contains 4,680 gross square feet, and is arranged as follows:

Exterior
Masonry and brick construction
Ballast roof
Glass and aluminum facade
Glass entry vestibule
On-building signage

Interior
Finishes are comprised primarily of drywall, ceramic tile flooring and drop ceiling. Arranged as follows:

  • Large open area (used as a grocery store)
  • Rear kitchen with stainless hood and sprinkler system
  • Powder room
  • Dry storage
  • Large walk-in refrigerator with front facing display doors
  • Walk-in freezer
  • Utility area

Mechanical:
Gas forced air heat
Central air conditioning
Three phase electric
40 gallon gas fired water heater

ANNUAL REAL ESTATE TAXES:
2014-2015 Annual Real Estate Taxes - $5,645.96

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

ZONING:
BL - Business Local

For more information, see the Baltimore County Zoning Code: http://ecode360.com/BA1714?needHash=true

INSPECTION:
At 10:00 a.m. on the day of the auction. An open house may be scheduled prior to the auction based on demand. Please email info@ajbillig.com or call 410.296.8440 to state your interest in inspecting the property prior to sale.

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 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. Interest to be charged on the unpaid purchase money, at the rate of 12% per annum, from date of sale to date of settlement.  All adjustments, including taxes, 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 sale 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.

Buyer acknowledges that it is the intention of the Seller to create an IRS Section 1031 Tax Deferred Exchange (the "Exchange") and that the Seller's rights and obligations under this Contract may be assigned to a qualified intermediary (the "Intermediary") to be designated by the Seller to facilitate such Exchange. Buyer agrees to fully cooperate with the Seller and Intermediary, at no additional cost of liability to the Buyer, to enable Seller to utilize the contemplated Exchange.

No Buyer's Premium!