Baltimore County Commercial Building

8,052 +/- Sq. Ft. GBA on 0.123 +/- Acre
Zoned BL - Business Local
& Office Furniture
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Listing Details

Sold Price
$373,000
Auction Date
Auction Time
11:00 AM
Address
1000 Ingleside Avenue, Catonsville, MD, 21228
County
Baltimore County
Inspection
At 10:00 a.m. on the day of the auction. Showings may be scheduled prior to the auction based on demand.
The property is also available to inspect prior to the auction. Please click the above link to open the Waiver, Indemnity and Premises Use Certification form, fill it out, sign it, and return it to the office of the Auctioneer by fax to 410-296-4420 or email info@ajbillig.com. Once the completed form has been received, you will receive inspection instructions via email.
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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REAL ESTATE AUCTION

Baltimore County
COMMERCIAL BUILDING
8,052+/- Sq. Ft. GBA - 0.123+/- Acre
Zoned BL - Business Local
&
OFFICE FURNITURE

Sale On Premises
1000 INGLESIDE AVENUE
Between Balto. Nat. Pike (US-40)
and Johnnycake Road
Baltimore County, MD 21228

TUESDAY, APRIL 26, 2016
AT 11:00 A.M.

- Suggested Opening Bid: $199,000 -

    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:
1000 Ingleside Avenue is located in the Westview area of Catonsville in Baltimore County. The property is situated immediately east of the Baltimore Beltway (I-695), between Baltimore National Pike (US-40) and Johnnycake Road. The location is among the most well-traveled routes in Baltimore County. The traffic count is believed to be roughly 10,000 cars per day along Ingleside Avenue in front of the property, 57,000 cars per day along Baltimore National Pike at Ingleside Avenue and 17,000 cars per day along Johnnycake Road at Ingleside Avenue. Access to I-695 is within one-half mile. Major shopping centers are immediately south of the property along Baltimore National Pike.

The property has most recently been occupied by Essex Bank, and has only been vacant for less than one month. The building is arranged in a fashion that would be suitable for a single user, or for multiple units. Each floor has its own zoned heat and exterior entrances. The auction presents an opportunity to purchase a property that is extremely accessible for both consumers and employees,  with a layout that is attractive to both potential users and investors.

SITE:
Triangular lot - comprising 0.123 acre, more or less

Approximately 130' road frontage along Ingleside Avenue, 60' along an access road for Johnnycake Road and 125' along local Ingleside Avenue at the rear

Serviced by public water, public sewer and natural gas

Zoned BL - Business Local

Tax Map
ingleside1000 taxmap

Baltimore County - My Neighborhood with Zoning Map
ingleside1000 gisaerial zoning

Baltimore County Zoning Code

IMPROVEMENT DESCRIPTION:
Two story freestanding commercial building - according to tax records, the building was built in 1960, contains 5,584 square feet on the upper two floors and 2,468 square feet of mostly finished basement space (8,052 square feet of gross building area). There is exterior access to an interior staircase for all three floors, making separate use of each floor easy to arrange.

Exterior
Brick and masonry construction
Brick, Dryvit type and glass facade
Flat roof
Aluminum down spouts and rain gutters
Commercial windows
Exterior entrances to first floor, second floor and lower level
Steel fire escape

First Floor - Bank Space
Interior finishes are drywall, laminate floor and drop ceiling.

Arranged for retail banking: lobby with seating area, three teller windows (security glass), secured access to rear office area, multiple private offices and powder room (ADA) and utility closet.

 

 

Second Floor - Office Space
Interior finishes are drywall, carpet and drop ceiling

Arranged as office space for the bank: large open cubicle area, kitchenette, four private offices, two powder rooms and storage closet

 

 

Lower Level - Office, Storage and Kitchen
Interior finishes are drywall, masonry walls, drop ceiling and carpet

Arranged as follows: large open office area (used mostly for file storage), lunch room, storage room, unfinished utility room.

 

 

ANNUAL REAL ESTATE TAXES:
Published annual real estate taxes are $9,395 based on a full value assessment of $678,300.  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.

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

No Buyer's Premium!

PERSONAL PROPERTY:
Office furniture to be offered as an entirety following the auction. Furniture includes modern cubicles, desk, file storage and all non-built in personal property in the building at the time of the auction. See interior photos for example furniture. TERMS: $2,500 cashier's check or cash required to bid. Balance due within 24 hours. Items to be removed within mutually agreed upon period, and as coordinated with real estate purchaser.