Real Estate Auction
- Harford County, MD -


MAJOR DEVELOPMENT SITE
Intersection U.S. Route 40 & MD-24

10 ± Acres B-3 Commercial
22 ± Acres R-3 Residential



Click for larger photo


Sale On Premises
2511-2517 PULASKI HIGHWAY
Edgewood, MD 21040

THURSDAY, SEPTEMBER 8, 2005
AT 11:00 A.M.


       NOTE: The information contained herein has been obtained from sources deemed reliable and believed to be accurate. However, no express or implied warranty is made as to the accuracy of these representations. Prospective purchasers are encouraged to consult with the appropriate government authorities regarding the permitted uses of the property and perform their own due diligence in advance of the auction. All dimensions and acreage contained herein are more or less.

GENERAL INFORMATION

LOCATION:

Prime high visibility and traffic count location. The site is located on the south side of Pulaski Highway, at the traffic light intersection of U.S. Route 40 and MD-24 off ramp, adjacent to The Home Depot. Edgewood is a rapidly developing community of southern Harford County. The site is situated only 1.5 miles south of I-95 (Exit 77), less than 2 miles north of the Aberdeen Proving Ground, within 7 miles of Bel Air and only 30-40 minutes northeast of the Downtown Baltimore business district.

For demographics of Edgewood (based on 2000 Census Data), visit:
http://www.city-data.com/city/Edgewood-Maryland.html

LOCATION MAP
For directions from your location, visit:
http://www.mapquest.com/directions/main.adp

Photos: View From MD-24 Off Ramp
View Eastbound on US-40
View Westbound on US-40
View of Billboard

GENERAL SITE
INFORMATION:

Public water and sewer are available.

Traffic signal and existing curb cut at site


HARFORD COUNTY TAX MAP

LEGAL DESCRIPTIONS (pdf)
SEWER LINE EXTENSION AGREEMENT WITH HOME DEPOT (pdf)
(PDF Requires Acrobat Reader to view)
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PARCEL 533
2511-2517 PULASKI HIGHWAY


SITE:

2511 Pulaski Highway - Known as Lot 1 - Parcel 533, fronts 196' along Pulaski Highway and comprises 1.34 acres. (According to the Maryland Department of Assessments and Taxation.)

2513 Pulaski Highway - Known as Lot 2 - Parcel 533, fronts 140' along Pulaski Highway and comprises 1.43 acres. (According to the Maryland Department of Assessments and Taxation.)

2515 Pulaski Highway - Known as Lot 3 - Parcel 533, fronts 140' along Pulaski Highway and comprises 1.44 acres. (According to the Maryland Department of Assessments and Taxation.)

2517 Pulaski Highway - Known as Lot 4 - Parcel 533, fronts 173' along Pulaski Highway and comprises 1.58 acres. (According to the Maryland Department of Assessments and Taxation.) A portion of this lot is leased under a "Billboard Lease" for $11,000 per year, ending January 31, 2006. The actual billboard is owned by the Lessee. BILLBOARD LEASE (pdf)

NOTE: A grading permit has been issued by Harford County for the 4 lots on June 24, 2005. GRADING PERMIT (pdf)

(PDF Requires Acrobat Reader to view)
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ZONING:

All four lots are zoned B-3, commercial

Visit the Harford County Web Site for additional zoning info:
http://www.co.ha.md.us/PlanningZoning/

ANNUAL REAL
ESTATE TAXES:


2511 Pulaski Highway - $150

2513 Pulaski Highway - $160

2515 Pulaski Highway - $162

2517 Pulaski Highway - $177

TITLE:

All four parcels are in fee simple; sold free and clear of all liens


PARCEL 271 - LOT A

SITE:

Adjacent to 2517 Pulaski Highway, known as Lot A, Parcel 271, Tax Map 66, Grid 1A. The parcel fronts approximately 200' along Pulaski Highway and comprises 4.279 acres. (According to the Maryland Department of Assessments and Taxation.)

ZONING:

Zoned B-3, commercial

Visit the Harford County Web Site for additional zoning info:
http://www.co.ha.md.us/PlanningZoning/

ANNUAL REAL
ESTATE TAXES:


$26

TITLE:

In fee simple; sold free and clear of all liens


PARCEL 493

SITE:

Situated in the rear of all the commercial parcels, known as Parcel 494, Tax Map 66, Grid 1A. The lot fronts comprises 22.541 acres. (According to the Maryland Department of Assessments and Taxation).

ZONING:

Zoned R-3, residential

Visit the Harford County Web Site for additional zoning info:
http://www.co.ha.md.us/PlanningZoning/

ANNUAL REAL
ESTATE TAXES:


$138

TITLE:

In fee simple; sold free and clear of all liens


MANNER OF SALE

All parcels are being sold as an ENTIRETY ONLY.


TERMS OF SALE

       Deposit payable by certified or cashier's check of $75,000 will be required of the purchaser at time and place of sale. The deposit is to be increased to 10% of the purchase price within 3 business days at the office of the Auctioneers. Balance to be paid in cash within 60 days. If payment of the balance does not take place within the specified time, the deposit will be forfeited and the property may be resold at the risk and expense of the defaulting 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. 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 existing zoning, the exact lot sizes, and the nature and description of the improvements as contained herein; and subject to easements, agreements, restrictions or covenants of record affecting same, if any. Purchaser assumes risk of loss from the date of sale forward. The purchaser waives and releases the Sellers, 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 Sellers 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 Seller or Auctioneer. TIME IS OF THE ESSENCE. NO BUYERS PREMIUM!

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