"Essex Area"

Live Auction Bidders – A deposit of $75,000, payable by cashier’s check, will be required of the purchaser at time and place of sale.

Online Auction Bidders – A deposit of $75,000, payable by cashier’s check or wire, will be required of all online bidders prior to the start of the live auction. The deposit will be held in escrow until the completion of the auction and will be retained from the winning bidder. Other bidder deposits will be returned within one business day. Interested parties who do not provide a deposit in advance as stated above will not be permitted to bid.
Deposit Escrow Agreement

A 5% buyer’s premium will be added to the final bid price. For complete Terms Of Sale, see the Summary Terms Of Sale at the bottom of this page and please see the Sample Contract.

Baltimore County, Maryland

Opening Bid: $700,000
Live Onsite & Online Simulcast Bidding

Essex Area
MIXED-USE ASSEMBLAGE
– 4 Unit Retail Strip & 9 Residential Units –

Known As:
1752-1758
EASTERN BOULEVARD
A/K/A 1723-1727 EARHART ROAD
Near MD-702 (Southeastern Freeway)
Essex, Baltimore County, Maryland 21221

$151,200 Gross Annual Income
100% Occupied – Value Add Opportunity

Online Bidding Opens
MONDAY, MAY 19, 2025

Live Onsite Auction
WEDNESDAY, MAY 21, 2025
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.

GENERAL INFORMATION:
The property is comprised of three tax records known as 1723, 1725 and 1727 Earhart Road, but is better known by the commercial addresses of 1752-1758 Eastern Boulevard. The property comprises a retail strip of 4 storefronts, 6 apartment units and three single family rental homes. All 13 units are occupied, many at under market rents, with a total gross scheduled annual rent of $151,200. The high exposure location sits a short distance east of the Eastern Boulevard and MD-702 interchange, one of the busiest commuter sections of the southeastern Baltimore area. Leasing demand for both small commercial and residential rentals in the area is strong. The auction presents the opportunity to purchase a property with stable income, make strategic value add improvements and increase the long term profitability of the asset.

LOCATION:
The property is located in the Essex area of southeastern Baltimore County. Eastern Boulevard, sometimes Eastern Avenue, is the primary local east/west thoroughfare running from the middle of Baltimore City (Eastern Avenue) out to Middle River. MD-702, the local expressway for the southeastern portion of the County, is located just one-quarter mile west. Exposure at the site is healthy, with daily traffic of approximately 38,895 cars per day (AADT) according to MDOT transportation statistics. Surrounding commercial property uses include a variety of retail, automotive, educational, recreational and hospitality.

The location is also convenient for area residents, with a variety of retail shopping, recreational opportunities and access to major commuter routes and employers in the area. The surrounding subdivision of Edgewater comprises approximately 250 single family homes of varying sizes. The neighborhood is well established, having originally been developed in the 1940s.

For more information about the area, please visit:
Baltimore County Government – www.baltimorecountymd.gov
My Neighborhood – bcgis.baltimorecountymd.gov

SITE:
The site comprises three lots totaling 17,942 square feet, or 0.41 acre, more or less.

The lots front a total of 150′ (50′ each) on both Eastern Boulevard and Earhart Road. Depths of approximately 120′. Three curb cuts on Earhart Road.

All public utilities. Zoned BL – Business Local and DR 5.5 Residential

Plat

Zoning Map

IMPROVEMENTS & UNIT DESCRIPTIONS:
The three properties are designated on tax records by the Earhart Road addresses mentioned above. Improvement descriptions herein are identified by mailing addresses for marketing purposes.

The properties are improved by three bungalows and a two story mixed-use building arranged as 4 storefronts and 6 apartments. Total scheduled monthly rent is $12,600, or $151,200 annually. Three tenants (2 residential & 1 commercial) are believed to be delinquent on the rent. Landlord pays heat and electric for apartment units.

1723 Earhart Road – Bungalow – Believed to contain 725 square feet. Vinyl siding, asphalt shingle roof, replacement windows, forced air heat (gas). Arranged for living room, kitchen, two bedrooms, bath and attic. Mixed finishes. Rented for $1,450 per month.

1725 Earhart Road – Bungalow – Believed to contain 725 square feet. Vinyl siding, asphalt shingle roof, replacement windows, forced air heat (gas). Arranged for living room, kitchen, two bedrooms, bath and attic. Mixed finishes. Rented for $1,400 per month.

1727 Earhart Road – Bungalow – Believed to contain 725 square feet. Vinyl siding, asphalt shingle roof, replacement windows, forced air heat (gas). Arranged for living room, kitchen, two bedrooms, bath and attic. Mixed finishes. Rented for $1,200 per month.

1752-1754 Eastern Boulevard – Two story brick semi-detached building arranged for two storefronts on the first floor and three apartments on the second floor. Believed to comprise 3,400 sq. ft. GBA. Torch down roof. Replacement windows. Gas forced air heat. Apartment finishes are mixed, including wood floors, LVP, standard vinyl flooring and ceramic tile. See photos for example conditions.

• 1752 Eastern Boulevard First Floor – Herb Shop – $900/month
• 1754 Eastern Boulevard First Floor – Candle Shop – $1,000/month
• Apartment 1 – 2 Bedroom Unit – $900/month
• Apartment 2 – Efficiency Unit – $500/month
• Apartment 3 – 1 Bedroom Unit – $800/month

1756-1758 Eastern Boulevard – Two story brick semi-detached building arranged for two storefronts on the first floor and three apartments on the second floor. Believed to comprise 3,300 sq. ft. GBA. Torch down roof. Replacement windows. Oil forced air heat. Apartment finishes are mixed, including wood floors, LVP, standard vinyl flooring and ceramic tile. See photos for example conditions.

• 1756 & 1758 Eastern Boulevard First Floor – Thrift Shop (1756) with sub-lease to a Retail and Apparel Store (1758) – $2,200/month
• Apartment 1 – 1 Bedroom Unit – $850/month
• Apartment 2 – 2 Bedroom Unit – $900/month
• Apartment 3 – 1 Bedroom Unit – $500/month

FINANCIAL INFORMATION & LEASES:
Please complete the Waiver and Confidentiality agreement to receive copies of rent roll, leases and other due diligence information.

MANNER OF SALE:
Entirety sale only.

SUMMARY TERMS OF SALE:
Please see the contract of sale for complete terms.

Live Auction Bidders – A deposit of $75,000, payable by cashier’s check, will be required of the purchaser at time and place of sale.

Online Auction Bidders – A deposit of $75,000, payable by cashier’s check or wire, will be required of all online bidders prior to the start of the live auction. The deposit will be held in escrow until the completion of the auction and will be retained from the winning bidder. Other bidder deposits will be returned within one business day. Interested parties who do not provide a deposit in advance as stated above will not be permitted to bid.
Deposit Escrow Agreement

The deposit shall be increased to 10% of the purchase price within 24 hours at the Auctioneer’s office (wire or cashier’s check). Deposit funds shall be held by A. J. Billig & Co., LLC. Balance to be paid in cash at settlement, which shall take place by 5 p.m. Eastern Time on July 11, 2025. 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. All adjustments, including taxes, rent, all other public charges and assessments payable on a monthly or 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. Security deposit(s), if any, shall be adjusted at the time of settlement. The property will be sold in “AS IS” condition, and subject to the existing lease(s) of the tenant(s) in place, easements, agreements, restrictions or covenants of record affecting same, if any. The Property will be sold subject to Baltimore County violation notices, if any. Purchaser assumes the risk of loss from the date of contract 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. A 5% buyer’s premium will be added to the final bid price.