"Harford County - Bel Air - Hickory Area"

Featuring Live & Simulcast Online Bidding
$1,000,000 Opening Bid

ESTATE SALE

HARFORD COUNTY
Bel Air – Hickory Area

48+ ACRE
COMMERCIAL DEVELOPMENT SITE
Zoned CI – Commercial Industrial
Existing Cash Flow

Known As:
2001 CONOWINGO ROAD
Fronts on Hickory Bypass (US-1), Fountain Green Road,
Conowingo Road & Evergreen Road
Bel Air, Harford County, MD 21014

Sale to be Held:
Redner’s Fresh Market – Parking Lot
2126 N. Fountain Green Road
Bel Air, MD 21015

Online Bidding Opens
MONDAY, JANUARY 6, 2025

Live On-Site Auction
THURSDAY, JANUARY 9, 2025
AT 11:05 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:
2001 Conowingo Road is located in the Hickory or northern Bel Air area in Harford County. The area, known as largely agricultural historically, has seen good, sustained development over the past few decades. Consistent residential development has been underway since the early 1990’s, adding to the subdivisions that began to appear in the area in the 1950’s through the 1970’s. A number of subdivisions in immediate proximity to the site were constructed in the 1990’s and 2000’s. The community serves as a convenient place to live for those working in the immediate area, as well as those commuting throughout the I-95 corridor and surrounding employment centers.

The intersection of Conowingo Road, US-1 and Fountain Green Road has been a hub of local commercial activity since the 1940’s, with the pace of commercial escalating in the late 1990’s, early 2000’s and over the past few years. That commercial development has been predicated on expanding population and overall consumer dollars. A new 184-unit apartment complex known as “five43 Apartments” is opposite the Fountain Green Road access to the subject property. New Royal Farms, Taco Bell and Dunkin stores are at the same intersection.

Exposure at the site is exceptional. With frontage on Fountain Green Road, Conowingo Road and US-1/Hickory Bypass, the site provides visibility along both a major highway and more localized commuter routes. According to MDOT statistics, the nearby traffic counts are 23,302 cars per day along US-1/Hickory Bypass, 12,272 along Conowingo Road and 7,680 along Fountain Green Road (all AADT).

The auction provides an opportunity to purchase one of the largest commercial development sites in Harford County, and in a location with sufficient demand to support a variety of development strategies.

For more information about the area, please visit:
Harford County, MD – www.harfordcountymd.gov
Harford County WebGIS – hcggis.harfordcountymd.gov

SITE:
The site comprises a total of 48.86 acres as detailed below. There are two tenants on the property, a cell tower under ground lease and a traditional residential tenant. The cell tower lease is in the third of seven 5-year renewal periods with the current period ending 7/31/25 and at a current lease rate of $40,212.12 per year ($3,351.01 per month). Lease rate is tied to a CPI formula. The residential tenant is paying $1,050 per month on an annual lease through August 31, 2025 (tenant since 2007).

Site detail:

• Tax ID: 03-064387
• 48.87 Acres
• Improvements include a masonry building comprising 16,617 square feet of gross building area, formerly leased to Baker Forest Products, two houses (one rented) and a collection of other temporary or small outbuildings.
• The lot has road frontage on Conowingo Road (approx. 600′) and N. Fountain Green Road (approx. 100′)
• Visibility along Hickory Bypass/US-1 for approximately 2,300′
• Access may be possible from Evergreen Road
• The lot is predominantly wooded with clear areas around the Baker Forest Products site
• Topography is gently sloping from north to south. Approximately 470′ of elevation along the northern side, and 430′ along the southern corner
• Two small streams and some wetlands are believed to be in the middle of the property, impacting approximately 10 acres.
• Public water and sewer are available. Public water is connected.

Please complete a Waiver and Confidentiality agreement to obtain copies of the leases.

Harford County GIS Map

Tax Map

ZONING:
C I – Commercial Industrial

According to the Harford County Zoning Department, the Commercial Industrial district “is intended for industrial, office, and business uses of a moderate scale and intensity.” A very large variety of commercial and industrial uses are permissible within this district. A table of permitted uses is linked below.

For more information about Harford County Zoning, please visit:
Zoning Administration – www.harfordcountymd.gov

Permitted Use Table

Zoning Map

TITLE:
In fee simple; sold free and clear of liens.

TAXES:
Published annual real estate taxes are:

2001 Conowingo Road: $34,569.09 based on a full value tax assessment of $3,186,000.

MANNER OF SALE:
2001 Conowingo Road may be offered in conjunction with 2126 N. Fountain Green Road (Redner’s), both separately and as an entirety, based on buyer interest and as directed by the Estate. Confirmation as to intended methodology will be announced in advance of the auction day.

Parties intending to participate in this auction, 2126 N. Fountain Green Road or both should email Charles@ajbillig.com with their preferred method of offerings.

SUMMARY TERMS OF SALE:
Please see the contract of sale for complete terms.
Live Auction Bidders – a $100,000 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 $100,000 deposit, 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. The deposit shall be increased to 10% of the purchase price by cashier’s check or wire transfer by 4:00 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 before 5 P.M. Eastern time on Friday, March 14, 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, 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 settlement and assumed thereafter by the Purchaser. Security deposits, if any, shall be adjusted at the time of settlement. The property will be sold in “AS IS” condition, and subject to the existing leases of the tenants in place, easements, agreements, restrictions or covenants of record affecting same, if any. The Property will be sold subject to Harford County violation notices, if any. Purchaser waives the right of inspection for lead paint, as provided under current Federal and State law. 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.

The Property is being sold subject to the tenant’s right of first refusal as designated in the subject lease. Said right of first refusal must be exercised within 10 days of being notified as to a bona fide offer. In the event that tenant exercises the right of first refusal, Purchaser shall receive a refund of their deposit as specified above, and the Contract will be deemed to be null and void and of no effect. Purchaser shall have no further claim against the Seller or Auctioneers.