REAL ESTATE AUCTION
- Harford County, Maryland -

BEL AIR
MAIN STREET


FREESTANDING
OFFICE BUILDING

With On-Site Parking

Zoned B-2, Commercial


Photos of auction property
FRONT VIEW      REAR VIEW      PARKING LOT

Sale On Premises

Former American Red Cross
Harford County Chapter Headquarters

122 S. MAIN STREET
Business U.S. Route 1, ½ Block South
of Harford County Circuit Courthouse
Bel Air, MD 21014

FRIDAY, APRIL 7, 2006
AT 11:00 A.M.


LOCATION:

122 S. Main Street is situated in the rapidly redeveloping Town of Bel Air Central Business District, near County courthouses and offices, banks, law firms, shops and restaurants. Main Street is a picturesque retail strip, which is becoming the cultural area and nightspot for the surrounding community. The property is located between Churchville Road (MD-22) and Courtland Place. Substantial residential and commercial development is taking place throughout central Harford County.

LOCATION MAP

SITE:

Rectangular lot, fronting 45' x 150', with landscaped brick paved front walkway, asphalt driveway and 5-8 car rear parking lot.

TAX MAP

SITE PLAN
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BUILDING:

Two story vinyl sided office building, approximately 5,158 gross square feet, constructed over a concrete block foundation, with composition shingle roof, vinyl double-glazed double-hung windows and commercial grade front, side and rear entry doors. Interior finishes are typically drywall, carpeting and suspended acoustical tile ceilings with fluorescent lighting. The building was constructed in two stages, circa 1950 and 1994. The entire structure was renovated during the latter addition.

First Floor - approximately 2,270 square feet of gross building area
Reception foyer, 3 private offices, kitchen, 2 rest rooms, and large board room, which can be divided into two classrooms; two exterior entrances; high ceilings

Second Floor - approximately 1,088 square feet of gross building area
Large classroom or meeting room; interior and exterior access

Basement - approximately 1,800 square feet of gross area, of which approximately 1,088 square feet is a finished classroom or meeting room; interior and exterior access

FLOOR PLANS

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Mechanical and Utilities:
2 - Trane gas forced hot air furnace/central air conditioning units
200 ampere electrical service
Public water, sanitary sewer, natural gas, electricity and telephone service

Occupancy:
The building was formerly occupied by the Harford County Chapter of the American Red Cross and is currently vacant

Interior Photos:
Photos of auction property
PHOTO #1      PHOTO #2      PHOTO #3      PHOTO #4
OFFICE      KITCHEN

ZONING:

B-2, Community Business District - permits a wide variety of uses

Link for Harford County Zoning Code:
http://www.harfordcountymd.gov/PlanningZoning/Download/153.pdf

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TAXES:

Due to the former non-profit use, the property is currently exempt from real property taxes.

TITLE:

In fee simple. Book 61, Page 19. The property is sold free and clear of liens.

TERMS OF SALE:

A $25,000 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 by Monday, April 10, 2006, at the Auctioneer's office. Balance to be paid in cash within 45 days. If payment of the 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 an 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 and transfer taxes to be paid by the Purchaser. Time is of the essence.

NO BUYER'S PREMIUM.

NOTE:

Auction conducted in cooperation with Coldwell Banker Commercial NRT.

BROKER
PARTICIPATION:


See the BROKER REGISTRATION FORM for details.