"Eastern Baltimore County" One Story Masonry Building Former Royal Farms Convenience Store 2,891 SF±, Zoned BL-AS, On-Site Parking

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Listing Details

Sold Price
$185,000
Auction Date
Auction Time
11:00 AM
Address
12601 Eastern Avenue, Baltimore County, MD, 21220
County
Baltimore County
Neighborhood
Chase
Scroll down for Complete Details, including: property description, additional photos, and Terms of Sale.

Additional Photos

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COMMERCIAL REAL ESTATE AUCTION
- Eastern Baltimore County, MD -

 

Former Royal Farms
Convenience Store

 

ONE STORY MASONRY BUILDING
2,891 SF±  Zoned BL-AS  On-Site Parking

 

- Financing Available at 4.9% Interest -

 

Sale On Premises
12601 EASTERN AVENUE
Corner Graces Quarter Road, "Chase", 21220

WEDNESDAY, JULY 27, 2011
AT 11:00 A.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:

12601 Eastern Avenue is located in Eastern Baltimore County, east of Martin State Airport and west of the Gunpowder River, along the Chase community's commercial strip.  The site was long occupied by Royal Farms, who recently moved to larger quarters across the street.  The property has good visibility from four directions and is suitable for a variety of commercial uses.

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

Photos of auction property
AERIAL - CLOSE-UP    WIDE VIEW

 

SITE AREA

The property is located at the northeast corner of Eastern Avenue and Graces Quarter Road.  The site has curb cuts from both roadways and is paved.


Frontage - 150' along Eastern Avenue
Frontage - 156' along Graces Quarter Road
Lot Size - 0.50 acres of land


All public utilities are in the site.


Zoning - BL-AS, Business Local
For more information, see the BALTIMORE COUNTY ZONING CODE WEB SITE.


Former underground fuel tanks have been removed and the site has been certified as closed by the Maryland Department of the Environment (MDE).
For more information, see the MDE NOTIFICATION FORM (pdf)


Flood Zone - C, beyond the 100-year flood.  Panel No. 2400100455B.


Chain link fenced trash dumpster enclosure

 

IMPROVEMENTS

One story masonry retail building constructed on a concrete slab at grade - according to public tax records, the building was constructed in 1991 and contains 2,891 square feet of gross building area.


Exterior
Built-up roof
Glass show windows
Aluminum customer service entrance with single and double glass doors
Steel pedestrian door at side


Interior
Ceramic tile floor
Suspended acoustical tile ceiling
Large sales area with walk-in cooler and self-service doors
Commercial kitchen
Storage room
Fire suppression system
Gas forced air heat and central air conditioning
Heavy electrical power

 

USE RESTRICTIONS:

The property shall not be leased, used or occupied for the purpose of engaging in (1) the sale of gasoline and other motor fuels, (2) a quick serve restaurant such as a McDonald's, Burger King, Wendy's, Subway or Quiznos Subs, (3) a coffee or donut restaurant, such as a Starbucks or Dunkin Donuts, (4) a discount tobacco store, (5) a convenience store, or (6) an automated carwash. This restriction shall run with the land, and be binding on all future owners of this property for 30 years from June 8, 2011.

 

TITLE

The property is in fee simple and sold free and clear of liens.

 

INSPECTION TIME

The property is available for inspection by appointment or from 10:15 a.m. on the day of auction.

 

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 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, transfer taxes and all costs incidental to settlement to be paid by the Purchaser.  Time is of the essence.


No buyer's premium.


Broker participation is invited.
BROKER REGISTRATION FORM (pdf)

 

FINANCING

With a $20,000 down payment, the seller will finance the balance as follows:


20 year amortization, 4.9% interest, 3-year maturity.  Payments would be $6.54 per month for each $1,000 borrowed.  Purchasers are under no obligation to use the financing.