"Lutherville-Towson" High Visibility Location 2 Story, All Brick Office Building Redevelopment Potential

14695_york1406_front.jpg

Listing Details

Sold Price
$475,000
Auction Date
Auction Time
12:00 PM
Address
1406 York Road, Baltimore County, MD, 21093
County
Baltimore County
Neighborhood
Lutherville, Towson
Scroll down for Complete Details, including: property description, additional photos, and Terms of Sale.

Additional Photos

Use Mobile?
14695_york1406_rear.jpg
14695_york1406_rear.jpg
14695_york1406_driveway.jpg
14695_york1406_parking.jpg
14695_york1406_yard.jpg
14695_york1406_front.jpg

COMMERCIAL REAL ESTATE AUCTION

"LUTHERVILLE-TOWSON"
- High Visibility Location -

 

2 Story, All Brick
OFFICE BUILDING
0.57± Acre  On-Site Parking  Zoned RO

 REDEVELOPMENT POTENTIAL

Sale On Premises
1406 YORK ROAD
Two Blocks North of I-695
One Block South of Seminary Avenue
Baltimore County, MD 21093

WEDNESDAY, AUGUST 17, 2011
AT 12:00 NOON


THE INFORMATION CONTAINED HEREIN HAS BEEN OBTAINED FROM SOURCES DEEMED RELIABLE AND BELIEVED TO BE ACCURATE.  HOWEVER, NO EXPRESS OR IMPLIED WARRANTY IS MADE AS TO THE ACCURACY OF THESE REPRESENTATIONS.  ALL DIMENSIONS CONTAINED HEREIN ARE MORE OR LESS.

LOCATION & DIRECTIONS:

1406 York Road is less than one-half mile north of I-695, in Luthervillle, a neighborhood in central Baltimore County.  With high traffic volume along York Road, the site has great  visibility.  Towson is just minutes to the south, Timonium, Cockeysville and Hunt Valley are minutes to the north, making this site a prime location.  Shopping, restaurants, retail stores, car dealerships and businesses adorn the area, all supporting a strong residential base.  Public transportation is available along York Road. 

Photos of auction property
STREET SCENE - SOUTH    STREET SCENE - NORTH


For more information on Lutherville, visit:

http://luthervillecommunityassociation.org


For demographics on Lutherville, visit:

http://www.city-data.com/city/Lutherville-Timonium-Maryland.html 

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

 

SITE AREA

Rectangular shaped parcel fronting 100' along York Road with depths of 244'10", or 0.56 acre, more or less.


The property is identified in Tax Map 61, Grid 19, Parcel 235, Lot 14, being known and designated as 1406 York Road (Tax ID 09-0919580050). 


Public water, public sewer and natural gas


15+ car paved parking area


Landscaping and newly concreted walkways


Verizon FIOS and Comcast are available for Internet service and cable television


LOCATION SURVEY (pdf) - (before York Road expansion)


SITE STUDY (pdf) - for a potential redevelopment

 

IMPROVEMENTS

Well constructed two story multiple tenant brick office building, Circa 1950.  Features include a slate roof, vinyl double glazed replacement windows, gas forced hot air heat, central air conditioning, 30 gallon gas fired water heater and sump pump.


The building is ideally suited for either a single user or multiple tenants.  For copies of the leases and additional financial information, contact the office of the auctioneers.


INTERIOR DESCRIPTION


First Floor - Suite 100 - Rented for $1,625 per month, plus 50% of all utilities.  Lease expires 3/31/13.

  • Foyer
     
  • Executive office with a wood burning fireplace, and access to central office and foyer

     
  • Private office with access to central office and foyer

     
  • Central office area with access to rear patio, step down office and private offices

     
  • Large step down office with a coffered ceiling

     
  • Powder room


Second Floor - Multiple Tenants

  • Suite 200 - Single office - leased for $338 per month (month to month tenant)
  • Suite 201 - Single office - leased for $395/month (month to month tenant)
  • Suite 203 - Single office - now vacant, was recently leased for $275/month
  • Powder room


Basement - Single Tenant

  • Single office - Rented for $260 per month.  Lease expires 7/31/11 (becomes month to month are the end of the lease)


Attic - Walk-out floored attic with stair access from one of the second floor offices

 

ZONING

RO, residential/office


For more information on the zoning, visit:

http://www.baltimorecountymd.gov/Agencies/economicdev/gateway/land/zoning.html

 or http://myneighborhood.baltimorecountymd.gov

 

REAL ESTATE TAXES

Annual Real Estate Taxes - $4,896 (plus $128 special assessment)

 

TITLE

In fee simple; sold free and clear of all liens.

 

INSPECTION TIME

Available for inspection by 11:15 a.m. on the day of the auction or by appointment only.  Contact auctioneers at 410-296-8440.

 

TERMS OF SALE

Deposit payable by certified or cashier's check of $25,000 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 office of the Auctioneers.  Balance to be paid in cash within 45 days. If payment of the balance does not take place within the specified time, the deposit will be forfeited and the property may be resold at the risk and expense of the defaulting 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.  Taxes and all other public charges and assessments, payable on an annual basis, including 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, without express or implied warranty as to the nature and description of the improvements as contained herein;  and subject to the rights of the existing tenants, easements, agreements, restrictions or covenants of record affecting same, if any. Purchaser assumes risk of loss from the date of sale forward.  The purchaser waives and releases the Sellers the holder of the indebtedness, 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 Sellers are 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 Auctioneer.   The purchaser agrees to waive the right of inspection for lead paint as provided under current Federal and State Law. Recordation costs, transfer taxes and all costs incidental to settlement to be paid by the purchaser. TIME IS OF THE ESSENCE.  NO BUYERS PREMIUM!

NOTE: The Seller intends to perform an IRS §1031 tax deferred exchange. Seller requests Buyer's cooperation in such an exchange and agrees to hold Buyer harmless from any and all claims, liabilities, costs, or delays in time resulting from such an exchange. Buyer agrees to an assignment of the contract of sale by the Seller to Asset Preservation, Inc.


Broker participation is invited.
BROKER REGISTRATION FORM (pdf)