Email: info@ajbillig.com
6500 Falls Road, Baltimore, MD 21209
Sale To Be Held: MAIN STREET TOWER, Lower Level - Rear Entrance, 29 S. Main Street, Bel Air, MD 21014
Click 'AJ' icon to access map directions.
Live Auction Bidders – a $15,000 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 (wire or cashier’s check).
Online Auction Bidders – a $15,000 deposit, payable by cashier’s check or wire, will be required of all online bidders by 12:00 Noon on Tuesday, April 4, 2023. 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. The deposit shall be increased to 10% of the purchase price by cashier’s check or wire transfer by 4:30 P.M. on the day of auction. 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 see the Sample Contract.
Featuring Live & Simulcast Online Bidding
$100,000 Opening Bid
– ESTATE SALE –
FALLSTON
13.29± ACRE
CORNER MIXED-USE PARCEL
$33,000+/Year Gross Scheduled Income
Zoned B3 – Business & AG – Agriculture
Known As
BELAIR ROAD & RECKORD ROAD
HARFORD CO. TAX ID: 03196399
A/K/A 0 BELAIR ROAD
Corner of Reckord Road
Fallston, Harford County, MD 21047
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.
MANNER OF SALE:
AJ Billig is pleased to offer 6 commercial and mixed-use properties in Harford County. The full list of properties can be found here:
The live auction will begin at the time stated above, with on-site registration and deposit verification beginning at 1:00 P.M. Pre-registration is available online. Online bidding will be open on Monday, April 3, 2023 at midnight. Online bidders must provide deposits in advance pursuant to the terms stated below. Properties will be offered in the order stated in the schedule, with separate and entirety offerings on 605 Pulaski Highway & 1035 Joppa Road. Contact us with any questions about preparing for the auction day.
LOCATION:
0 Belair Road is located at the corner of Reckord Road in the Fallston area of Harford County. The property is roughly halfway between Bel Air and Kingsville, a little over 4 miles north of I-95. Conveniently situated on Belair Road and Reckord Road, with good proximity to Harford Road and Mountain Road, access throughout the area from the site is excellent. Exposure at the site is strong, with 20,164 cars per day (AADT) passing the site along Belair Road. Nearby property uses include commercial businesses, agricultural operations and residential homes. Immediately surrounding properties include restaurants, automotive uses, a golf facility, farmettes and large home-sites. The auction provides an opportunity to purchase a property with existing cash flow with ample potential for further commercial, agricultural or possibly residential development.
For more information about the area, please visit:
Harford County, MD – www.harfordcountymd.gov
Harford County WebGIS – hcggis.harfordcountymd.gov
SITE:
Lot size – 13.29 acres according to public tax records
The site is mostly wooded, and is currently occupied by a lumber business and two leased billboards. Portions of the property are located in non-tidal wetlands and the 75′ buffer surrounding the Rocky Branch Stream. An existing well is on site, and public sewer is believed to be available. There are existing frame buildings at the site, predominantly used for storage, staging and truck loading. Existing gravel and dirt driveways are located along both Reckord Road and Belair Road. According to Harford County, “The closest public sewer is approx. 150’ away at an adjoining property (Parcel 72). Public water is not available (within approximately one-half mile).”
The lumber operation has been at the site for at least 5 years, with the current lease running through January 31, 2024 at the rate of $2,750/month, or $33,000 per year. The billboards were formally leased through 2019, with the seller continuing to receive annual lease payments of $4,654 through the most recent pay period (October 2022). Formal arrangements with the billboard tenants will be at the discretion of the new owner. Please complete a Waiver and Confidentiality agreement to obtain copies of the lease.
Note: The site drawing below, titled Zoning Exhibit on the document, is believed to predate the existing zoning. Further zoning details outlined below.
ZONING:
B3 – General Business District & AG – Agriculture
The corner of Belair Road and Reckord Road, comprising approximately 5.87 acres, is zoned B3, General Business District. Net usable acreage within the B3 district is believed to be 3.78 acres after subtracting portions of the property located in non-tidal wetlands and 75′ buffer surrounding a stream. Total commercial frontage is estimated to be 703′ along Belair Road, and 450′ along Reckord Road.
According to the Harford County Zoning Department, this district “is intended to provide a wide range of retail, service and business uses serving local and county-wide areas. Such activities are generally located along arterial roads.” A variety of property uses are available within the B3 district.
The balance of approximately 7.42 acres is zoned AG. According to Harford County, the “purpose of this district is to provide for continued farming activities, conserve agricultural land, and reaffirm agricultural uses, activities and operations within the agricultural zoned areas. It is the further purpose of this district to maintain and promote the rural character of this land as well as promote the continuance and viability of the farming and agricultural uses.”
Please visit Harford County Zoning for additional details on permitted uses and zoning regulations:
Zoning Administration – www.harfordcountymd.gov
TITLE:
In fee simple; sold free and clear of all liens.
TAXES:
Current annual real estate taxes are $5,017.90 based on a full value tax assessment of $460,400.
SUMMARY TERMS OF SALE:
Please see the contract of sale for complete terms.
Live Auction Bidders – a $15,000 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 (wire or cashier’s check).
Online Auction Bidders – a $15,000 deposit, payable by cashier’s check or wire, will be required of all online bidders by 12:00 Noon on Tuesday, April 4, 2023. 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. The deposit shall be increased to 10% of the purchase price by cashier’s check or wire transfer by 4:30 P.M. on the day of auction. Deposit Escrow Agreement
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 and 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, and subject to the existing leases. The Property will be sold subject to Harford County violation notices, 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 except where otherwise mandated by local, State or Federal law. Time is of the essence. A 5% buyer’s premium will be added to the final bid price.
