"Historic Ellicott City" Commercial Building Containing Retail Store & Apartment

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Listing Details

Sold Price
$260,000
Auction Date
Auction Time
11:00 AM
Address
8120 Main Street, 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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REAL ESTATE AUCTION
                             
 HISTORIC
 ELLICOTT CITY 

COMMERCIAL BUILDING
Containing Retail Store & Apartment

Sale On Premises
8120 MAIN STREET
Howard County, MD 21043

WEDNESDAY, FEBRUARY 16, 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:

8120 Main Street is situated in the heart of Ellicott City, an historic mill town along the Howard County bank of the Patapsco River.  Located along the north side of Main Street, east of Columbia Pike and west of the Ellicott City B&O Railroad Station Museum, the property is attractive and highly visible.  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.  Main Street is bustling, yet charming, featuring a streetscape with brick sidewalks, on-street parking and nearby public parking lots.


Link for more Ellicott City history:
http://www.co.ho.md.us/PortalServices/HCG_Portal_Communities_EllicottCity.htm

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

 

SITE AREA

Nearly rectangular lot fronts 26.5' along the north side of Main Street by a depth of approximately 125', comprising approximately 3,450 square feet of land.  The lot is terraced in the rear and is bounded by a 4' alley.


Zoning HC - Historic Commercial


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

 

IMPROVEMENTS

Freestanding, three story stucco and masonry building, which according to public tax records was constructed in 1890 and contains 2,985 square feet of gross building area.  The building may be older.  The structure has a composition shingle roof, wooden double hung windows with interior storm sashes, and stone foundation.  The building contains a two level store and a two level apartment, each with separate entrances, utilities and meters.
 

Store - 8120 Main Street


First floor front entrance with two show windows


Main level - ceramic tile floor, track lighting, showroom, storage room, utility room with sink


Second level - interior entrance and separate exterior exit, 3 carpeted rooms, half-bath


The space is currently occupied by a retail gallery, at the current rent of $1,850/month (lease expired).

  
 

Photos of auction property
STORE - 1st LEVEL    2nd LEVEL - ROOM #1   
2nd LEVEL - ROOM #2

Apartment - 8122 Main Street


Living Room - carpeting, ceiling fan


Country Kitchen - oak cabinets, laminate counters, electric range/oven, refrigerator


Bedroom #1 - carpeting, double closet


Full Bath - vinyl floor, fiberglass wainscot


Laundry Room - washer and dryer


Attic level Bedroom #2 with sitting area


The space is currently leased until December 2011 for $1,050/month.  The same tenant has occupied the space for approximately ten years.


Mechanical
Separate gas forced air heat and central air conditioning for each unit
Separate water heaters
Separate gas and electric meters

Photos of auction property
APARTMENT - LIVING ROOM    KITCHEN

 

 

REAL ESTATE TAXES

2011 annual real estate taxes - $5,057.56, based on a full value tax assessment of $369,500.  Note - If real property is transferred after January 1 and before the beginning of the next taxable year to a new owner, the new owner may submit a written appeal as to a value or classification on or before 60 days after the date of the transfer.

 

INCOME & EXPENSE INFORMATION:

Please print and return the signed: CONFIDENTIALITY WAIVER (pdf) and we will email the income and expense information from the 2009 tax return.

 

TITLE

The property is in fee simple and is sold free and clear of liens.  Deed Liber 5432, folio 684.

 

INSPECTION TIME

One hour prior to time of sale.

 

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. 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, 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 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.


Broker cooperation is invited.
BROKER REGISTRATION FORM (pdf)