Automotive Building on 0.52+/- Acre

Zoned C-3 with Fenced Yard
10699.jpg

Listing Details

Sold Price
$345,000
Auction Date
Auction Time
2:00 PM
Address
10 Vernon Avenue, Glen Burnie, MD, 21061
County
Anne Arundel County
Neighborhood
Glen Burnie
Inspection
The property will be open at 1:00 p.m. on the day of the auction.
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?
10788.jpg
10788.jpg
10789.jpg
10699.jpg

Douglas B. Riley, Attorney
Treanor Pope & Hughes
500 York Rd., Towson, MD 21204

ESTATE SALE

Anne Arundel County
AUTOMOTIVE BUILDING
ON 0.52+/- ACRE
Zoned C-3 ✦ Fenced Yard

Sale On Premises
10 VERNON AVENUE
Parcel ID: 5325-1199-8400 & 5325-1199-8540
Off Ritchie Highway (MD-2)
Glen Burnie, Anne Arundel County, MD 21061

WEDNESDAY, NOVEMBER 16, 2016
AT 2:00 P.M.

- Suggested Opening Bid: $100,000 -

      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:
10 Vernon Avenue is located in the Glen Burnie area of northern Anne Arundel County. The property sits immediately east of Ritchie Highway, about one-quarter of a mile south of Ordnance Road (MD-710). The property backs up to Chesapeake Square Shopping Center. The Centre at Glen Burnie is on the opposite side of Ritchie Highway. A retail strip center is across the street on Vernon Avenue. Surrounding businesses include retail, automotive, gas stations, restaurants and offices. Access to both I-97 and I-695 is within two miles.

The property is currently arranged for automotive use, but is well situated for further development. Proximity to major commuter routes, surrounding businesses and a number of residential communities makes the property suitable for any number of retail or office uses. The property is comprised of two parcels, allowing for subdivision, but will be sold as an entirety only.

SITE:
Two rectangular parcels comprising 22,750 square feet, or 0.52 acre, more or less

Parcel ID 5325-1199-8400 - fronts 100' on Vernon Avenue, with depths of 130'

Parcel ID 5325-1199-8540 - fronts 75' on Vernon Avenue, with depths of 130'

Large curb cut on Vernon Avenue

Asphalt paved parking area

Fenced Yard

Zoned C-3 - General Commercial District
For more information, see the Anne Arundel County Zoning web site.

Anne Arundel County Zoning Map with Imagery
vernon10 zoning

Plat

IMPROVEMENT DESCRIPTION:
One and two story freestanding automotive building - the building was constructed in 1940 and contains 5,184 square feet of gross building area, according to public tax records. Exterior construction includes masonry block and corrugated metal. The rear two story portion of the building has a flat roof. The property has been used for automotive service and storage, and is currently occupied. The building is believed to require renovation.

A Phase I Environmental Site Assessment is available. Please fill out a Waiver and Confidentiality Agreement form to obtain a copy of the Phase I.

Note: It will be the purchaser's responsibility to arrange a new lease or possession with the tenant.

ANNUAL REAL ESTATE TAXES:
Parcel ID 5325-1199-8400 - $3,481.72 based on a full value assessment of $277,200
Parcel ID 5325-1199-8540 - $781.81 based on a full value assessment of $60,900

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 the Maryland State Department of Assessments & Taxation concerning the appeals process, and may see the following link for helpful information:
http://dat.maryland.gov/realproperty/Pages/Assessment-Appeal-Process.aspx

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

TERMS OF SALE:
A $10,000 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 contract 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 contract 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 contract 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. No representations, express or implied, are made with respect to the use of the property, including but not limited to zoning code, area classification, area designation, permitted uses as of right, ancillary uses, special exceptions, use and occupancy or other Federal, State or County permits. 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!

Sale by Order of The Estate of William C. Nolte