REAL ESTATE AUCTION
- Anne Arundel County, MD -


HIGH-VISIBILITY CORNER
DEVELOPMENT PROPERTY

0.86 Acre± 2 Parcels 2 Houses

Zoned W-2, Light Industrial

Photo of

Sale On Premises
5601 BELLE GROVE ROAD (MD-170)
& 8 Thomas Avenue 21225

Approx. 1.5 Miles North of Beltway (I-695) Exit 6

THURSDAY, MAY 3, 2007
AT 2:00 P.M.


       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. Square footage and dimensions contained herein are approximate and more or less.

LOCATION:

Situated in the Brooklyn/North Linthicum area of northernmost Anne Arundel County, the property is convenient to the Baltimore Beltway (I-695), the Harbor Tunnel Throughway (I-895, leading to I-95) and I-97. The site is approximately 3 miles northeast of BWI airport with direct access from Maryland Route 170 (Belle Grove Road becoming Ft. Meade Road). The Linthicum Station MTA Light Rail commuter access is within walking distance. The surrounding area is a mixture of commercial and light industrial land uses. The auction presents an excellent opportunity to purchase a parcel with existing improvements, suitable for reuse or removal.

LOCATION MAP

ZONING:

W-2, Light Industrial, Anne Arundel County's medium industrial classification. Offices and light manufacturing are permitted as well as Building Materials Storage and Sales, Self Storage, Contractors and Construction Yards. Maximum lot coverage by structures and parking is 80%. Maximum height is 75 feet if setbacks increased as per formula. For a complete list of land uses refer to the Anne Arundel County Office of Planning and Zoning.

Prospective purchasers are encouraged to perform their own due diligence, in advance of the auction, regarding the permitted uses of the site.

PROPERTY:

0.86 acres situated at the southwest corner of Belle Grove Road (MD-170) and Thomas Avenue. The property is comprised of three separate lots and will be offered as two parcels, as follows:

5601 Belle Grove Road - approximately 22,215 square feet or 0.51 acre, fronting 93.42' along the south side of Belle Grove Road by 114.55' along the west side of Thomas Avenue with a depth of approximately 150'. Improved by a one and one-half story stucco cape cod home, containing sun porch, living room, dining room, den, kitchen and full bath, on the first floor; 3 rooms and bath, on the second; full unfinished basement; ducted for forced hot air heat; needs renovation.

8 Thomas Avenue - two lots total approximately 15,000 square feet or 0.34 acre, fronting approximately 109.89' along the west side of Thomas Avenue by a depth of approximately 150' along a 20' gravel roadway. Improved by a two story shingle and concrete block home, containing sun porch, living room, dining room and kitchen, on the first floor; 2 rooms, sitting room and bath, on the second floor; full unfinished basement; needs renovation.
Photos of auction property
5601 BELLE GROVE ROAD      8 THOMAS AVENUE      INTERIOR OF SITE      TAX MAP

FEMA FLOOD MAP

SURVEY PLAT

LEGAL DESCRIPTION

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UTILITIES:

Public water, electricity and gas service are in the property. Public sewer is nearby in Belle Grove Road.

TITLE:

The property is sold free and clear of liens. Deed Liber 17412, page 621. Title is vested in the name of Thomas Belle Road LLC. THE PROPERTY IS THE ONLY ASSET IN THE LLC AND THE SELLERS ARE WILLING TO TRANSFER THEIR INTEREST IN THE LLC TO THE PURCHASER.

TAXES:
2007 Real Estate Taxes
5601 Belle Grove Road $ 925.97
8 Thomas Avenue 781.07
Lot - Thomas Avenue       80.67
Total $ 1,787.71

MANNER OF SALE:

5601 Belle Grove Road and 8 Thomas Avenue (and adjoining lot) will be offered individually and the bid reserved. Then, all properties will be offered as an entirety and sold in the manner producing the greater amount.

TERMS OF SALE:

A $10,000 deposit on each property or $20,000 if sold as an entirety, 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 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, ground rent, 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 agrees to waive the right of inspection for lead paint, as provided under current Federal and State law. 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 buyers premium.

Broker participation is invited.
BROKER REGISTRATION FORM