Absolute Auction Above $100,000 "Sparrows Point - Edgemere" Two Story Masonry Commercial Building 13,186± Sq. Ft. - Zoned BL-AS

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Listing Details

Sold Price
$175,000
Auction Date
Auction Time
2:00 PM
Address
2518 Sparrows Point Road, Baltimore County, MD, 21219
County
Baltimore County
Neighborhood
Sparrows Point, Edgemere
Scroll down for Complete Details, including: property description, additional photos, and Terms of Sale.

Additional Photos

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ABSOLUTE AUCTION
To the Highest Bidder Above $100,000
                                                        
SPARROWS POINT - EDGEMERE

Two Story Masonry
COMMERCIAL BUILDING
13,186± Sq. Ft. ◆ Zoned BL-AS

Sale On Premises
2518 SPARROWS POINT ROAD
Off North Point Boulevard (MD-151)
Baltimore County, MD 21219

THURSDAY, NOVEMBER 7, 2013
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.  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 & DIRECTIONS:

2518 Sparrows Point Road is situated in the Sparrows Point-Edgemere area of southeastern Baltimore County.  The site is less than one mile east of the Baltimore Beltway (I-695) Exit 43, providing good linkage to employment centers throughout the Baltimore metropolitan area.  The surrounding neighborhood is a mixture of residential, commercial and industrial land uses.  The community is water-oriented, being located along Back River and the Chesapeake Bay.  Sparrows Point and North Point Roads comprise the community business district.  North Point State Park is just east of the property.


According to the Baltimore County government web site, nearby public schools are Edgemere Elementary, Sparrows Point Middle and Sparrows Point High.  The auction provides an opportunity to purchase a viable commercial property in a scenic, yet convenient area of Baltimore County.

For directions from your location, visit: maps.google.com

 

SITE AREA

The property is comprised of seven contiguous lots, known as Lots Nos. 405, 406, 411, 412, 413, 414 and 415, on the Plat entitled "Sparrows Point Manor," recorded among the Land Records of Baltimore County in Plat Book W.P.C. No. 5, Page 82.  The property fronts approximately 214' along Sparrows Point Road, approximately 40' along Marine Avenue in the rear, with a central depth of approximately 250' and comprises approximately 22, 076 square feet of 0.51 acre.


The parcel has access from two cuts in Sparrows Point Road and rear access from Marine Avenue.  The site is mostly level and clear.  A portion of the rear yard is chain link fenced.


RECORD PLAT (pdf)


BOUNDARY SURVEY (pdf)


Utilities - public water, public sewer, gas, electricity, telephone


Zoning -Baltimore County Tax Maps indicate that Lot 405 (approximately 2,500 square feet) is zoned DR 5.5 residential and the balance of the site is zoned BL-AS, Business Local, providing a variety of potential commercial and residential uses.

For more information, see:
http://myneighborhood.baltimorecountymd.gov/

or Zoning Code Online

Zoning Map:
Photos of auction property

 

IMPROVEMENTS

Two Story Concrete Block and Stucco Commercial Building - according to public tax records, the building contains approximately 13,186 square feet of gross building area, plus basement.


Exterior
3 Exterior Loading Doors
3 Exterior Pedestrian Doors
Built-up Roof
Vinyl-clad double-hung windows
Glass block windows


First Floor
Front Retail Area - former tanning salon with rest room
2 - Large Unfinished Areas in clean, shell condition, including concrete and wood floors, 10' - 12' ceiling heights

 


 


Second Floor
2 - Apartments Units each containing 3 rooms, kitchen and bath, vinyl and carpeted floors
2 - Efficiency Apartment Units - vinyl and carpeted floors
Large Unfinished Space in clean, shell condition, with sub-floor, studding post and beam construction
3 - Exterior Exits provide potential for fire escapes

 


 


Basement
3 - Rooms, including former pistol range


Mechanical
Gas heat and central air in various parts of the building.  The condition of the HVAC is unknown.
Single phase electrical service
4 - sump pumps


The building is clean, needing build-out and mechanical systems.  The property is suitable for single or multi-tenant use.

 

REAL ESTATE TAXES

The property has three tax bills providing published annual real estate taxes for 2013-2014 as follows:

 

Account No./Description 

Full Value Assessment 

Annual Taxes 

1505192018
2518 Sparrows Point Road
(Lots 411, 412, 413)
 

 $ 196,600

 $ 4,867

1505192017
Marine Avenue
(Lots 405, 406)
 

 53,600

 650

1505192019
Sparrows Point Road
(Lots 414, 415)

 53,600


               

 650


            

Total

 $ 303,800

 $ 6,167

 

TITLE

The property is in fee simple and sold free and clear of liens.  Baltimore County Deed Liber 30618, Folio 250.

 

INSPECTION TIME

The property will be open for inspection one hour before the auction or by appointment with the Auctioneers - phone 410-296-8440 or email info@ajbillig.com.

 

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 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 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 buyer's premium.

 

FINANCING

See our Financing Page for a list of auction-oriented lenders.