"Historic Ellicott City" Circa 1885. Downtown Commercial Building "Antique Depot"

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Listing Details

Sold Price
$550,000
Auction Date
Auction Time
11:00 AM
Address
3720 W. Maryland Avenue, Howard County, MD, 21043
County
Howard County
Neighborhood
Historic Ellicott City
Scroll down for Complete Details, including: property description, additional photos, and Terms of Sale.

Additional Photos

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James A. Vidmar, Jr., Attorney
Yumkas, Vidmar & Sweeney, LLC
2530 Riva Road - Suite 400
Annapolis, MD 21401

ATTORNEY'S AUCTION
                            
★ HISTORIC ★
ELLICOTT CITY

Circa 1885, Downtown
COMMERCIAL BUILDING
“Antique Depot”

 

Suitable for Continued Use as an Antiques Mall or Conversion to Restaurant - Office - Retail

Sale On Premises
3720 W. MARYLAND AVENUE
Off Main Street, Opposite Railroad Museum
Howard County, MD 21043

WEDNESDAY, MAY 9, 2012
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:

3720 W. Maryland Avenue is situated in the heart of Ellicott City, an historic mill town along the Howard County bank of the Patapsco River.  One-half block south of Main Street opposite the B&O Railroad Station Museum, the property is highly visible and well known for generations.  Ellicott City enjoys a colorful history, dating to the mid-1700s.  Known for antique shops, galleries, boutiques and fine dining, the historic district is a popular destination for tourists as well as local residents.  The Main Street business district is bustling, yet charming, featuring a streetscape with brick sidewalks, on-street parking and nearby public parking lots.


Here is a brief overview of the Antique Depot property, provided by the Howard County Historical Society - “In 1860 Howard Swain operated a business selling lumber, lime and coal near this location. He had his office at the railroad building.  J. W. Dorsey bought this site in the 1870s and built the present frame warehouse about 1885. He sold coal, hardware, fertilizer and operated a farm supply business.  His property was bounded by the Tiber River, the depot yard, St. Paul Street and the property of Milton Easton. E. T. Clark bought the Dorsey's store, warehouses, stables and coal yard.  There was a practical clause in the deed; it stipulated that the seller William Dorsey could not operate a similar business within 20 miles of Ellicott City for ten years. In the early 20th century when Billy Owings was in partnership with Clark, the business operated as Clark and Owings. Clark moved to this building from Main Street around 1920. Clark's Hardware moved to a new location on U.S. Route 40 in the 1970s.


NOTE:  In 1831 the Ellicotts sold a half block parcel on the north side of Main Street to Andrew McLaughlin. Two years later, McLaughlin received approval from the General Assembly to hold a lottery of his property.  3720 Maryland Avenue was Lot 4 of this lottery.


This information is from "Historic Ellicott City: A Walking Tour" by Joetta Cramm published 1996.  If you have more questions, please contact the Howard County Historical Society at 410-480-3250 or info@hchsmd.org. Visit us at the Miller Branch Library (2nd floor).”


Links for more Ellicott City history and information:

http://www.ellicottcity.net/tourism/history

http://en.wikipedia.org/wiki/Ellicott_City,_Maryland

http://www.co.ho.md.us

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

 

SITE AREA

The property is situated at the northwest corner of Maryland Avenue and St. Paul Street, with frontage on both roadways, as well as Tiber Alley on the north.  The lot comprises 0.22 acre - see the metes and bounds description for dimensions.


METES AND BOUNDS DESCRIPTION (pdf)


Tax Map:
Photos of auction property


Parking - 3720 W. Maryland Avenue has on-site paved courtyard parking for six to eight vehicles.  On-street parking is available along Maryland Avenue and St. Paul Street, with large public lots within two blocks.


Zoning - HC, Historic Commercial.  Changes to the exterior of 3720 W. Maryland Avenue need to be approved by the Historic District Commission.


Public utilities - water, sewer, gas, electricity, telephone


FEMA Flood Map Community-Panel No. 240044-0024-B, Zone C - beyond the 100 year flood plain


FLOOD MAP (pdf)

 

IMPROVEMENTS

Two Story Mill Building - according to County Tax Records, the building contains 10,586 square feet on the upper levels.  The basement comprises an additional approximately 5,000 square feet, which is currently used for retail sales. 


The property is currently operated as the “Antique Depot,” an antiques mall with numerous  vendors who rent space on a monthly basis - no leases.  The current management provides a cashier on the weekends.


Exterior
Painted clapboard siding
Stone foundation
Built-up roofs (redone in 2011, according to the property manager)
Side loading dock
Drive-through access to interior courtyard
4 - front show windows
Wooden double hung windows on upper level
Frame outbuilding


Interior
First and second levels have wood floors, concrete floor on basement level
Beamed and acoustical tile ceilings
Ceiling fans
Assorted lighting
2 - interior stairways providing access to all three levels
Rest room


Mechanical
Gas forced air heat
Central air conditioning and supplemental window units
Sump pump

Photos of auction property
FRONT VIEW    SIDE VIEW
DRIVE-THRU TO COURTYARD
COURTYARD    ROOF


Photos of auction property
INTERIOR PHOTO #1    PHOTO #2    PHOTO #3
PHOTO #4    PHOTO #5    PHOTO #6

 

INCOME & EXPENSE INFORMATION:

According to the property manager, gross rentals vary, ranging from $8,500 to $12,000 per month. To request income and expense information, please fill out our: Waiver and Confidentiality Form (pdf), sign it and return it by fax: 410-296-4420 or email: info@ajbillig.com. The financial info will be emailed to you upon receipt of the completed form.

 

REAL ESTATE TAXES

Published real estate taxes for 2011 are $12,053.49, based on a full value assessment of $867,200.  Purchasers may petition for a reduction in the assessment of their property in conjunction with a purchase price substantially less than the currently assessed value of the property.  Purchasers are encouraged to contact the Maryland State Department of Assessments & Taxation concerning the appeals process, and may see the following link for helpful information:
http://www.dat.state.md.us/sdatweb/appeal.html

 

TITLE

The property is in fee simple and sold free and clear of liens.  Deed Liber 9261, folio 088.

 

INSPECTION TIME

The building is open during regular business hours and may be inspected without an appointment.

 

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 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. All adjustments, including taxes, rents, 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 settlement 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.


BIDDER PRE-REGISTRATION

Online pre-registration is now closed. Please register with the Auctioneer at the auction site.


BROKER COOPERATION:

Broker participation is invited. See our: BROKER REGISTRATION FORM (pdf). 

The completed form must be returned to the Auctioneer's office by 5:00 P.M. on Tuesday, May 8, 2012.

 

FINANCING

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