"Essex"

 REAL ESTATE AUCTION 

– $300,000 Suggested Opening Bid –

FORMER
ESSEX VOLUNTEER
FIRE COMPANY BUILDING
10,000± Sq. Ft. ◆ Zoned BL ◆ 3 Drive-in Doors
Situated on 1.05± Acre Corner Lot

Sale On Premises
1913 MIDDLEBOROUGH ROAD
Corner Sassafras Road, Essex
Baltimore County, MD 21221

WEDNESDAY, OCTOBER 17, 2018
AT 2:00 P.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:
1913 Middleborough Road is located in the Essex area of eastern Baltimore County, east of Back River Neck Road and MD-702, which leads to the Baltimore Beltway (I-695), and west of Middle River. The surrounding area is a mixture of commercial and residential land uses. The corner site is suitable as a headquarters building, storage and distribution warehouse, or for commercial and/or residential redevelopment.

SITE:
Level, rectangular lot, fronting approximately 300′ on Middleborough Road, by approximately 155′ along Sassafras Road, comprising approximately 45,694 square feet or 1.05 acres, according to public tax records.

Zoning BL, Business Local
For more information, see the Baltimore County Zoning Code

Utilities – public water, public sewer, electricity, propane gas, telephone, cable

Bituminous paving and gravel parking lot, with access from Middleborough and Sassafras Roads

Flag pole

IMPROVEMENTS:
Metal and concrete block former fire station – original section built in 1945 and substantially enlarged in the 1980s. The building contains 8,385 square feet, according to public tax records, plus a finished lower level.

Exterior
3 – drive-in doors
8 – pedestrian doors
Exterior lighting
Built-up roof

Interior
14′ to 20′ ceiling heights
Open Garage Area with drive-in access
6 – Private Offices
Large Meeting Hall
Second Meeting Hall
Commercial Kitchen with walk-in cooler
Lobby with chair lift
4 – Rest Rooms (two with showers)
Finished Lower Level – locker room, workout area, laundry, mechanical room

Mechanical
Oil fired, hot water heat and forced air heat
Propane radiant heat in garage area
6 – central air conditioning units
Heavy power
Sump pump

TITLE:
The property is sold free and clear of liens, subject to an annual $42 ground rent (unregistered). Baltimore County Deed Book 39729, Page 106.

TAXES:
Published annual real estate taxes are $901 (tax exempt status as a fire department), based on a full value assessment of $640,400. 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://dat.maryland.gov/realproperty/Pages/Assessment-Appeal-Process.aspx

SUMMARY TERMS OF SALE (refer to the contract of sale for complete terms):
A $25,000 deposit, payable by 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. Deposit funds shall be held by A. J. Billig & Co., LLC. Balance to be paid in cash at settlement, which shall take place within 45 days. 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. Interest to be charged on the unpaid purchase money, at the rate of 12% per annum, from date of contract to date of settlement. All adjustments, including taxes, ground 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 contract 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 contract 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.

Auction by order of the
Essex Volunteer Fire Company, Incorporated
Conducted in cooperation with
Gold and Company, LLC