Email: info@ajbillig.com
6500 Falls Road, Baltimore, MD 21209
Click 'AJ' icon to access map directions.
The property will be open 1 hour prior to the live onsite auction and is also available to view during normal business hours.
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 4:30 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
$1,000,000 Opening Bid
ESTATE SALE
HARFORD COUNTY
– BEL AIR –
FULLY LEASED
FLEX INDUSTRIAL BUILDING
1.25± Acres ✦ Zoned C1 ✦ 10,610 Sq. Ft. GBA
Gun Range, Car Lot & Billboard:
$155,424+ NNN Annual Income
Sale on Premises
2137 N. FOUNTAIN GREEN ROAD
Off Hickory Bypass (US-1)
Bel Air, Harford County, MD 21015
Online Bidding Opens
MONDAY, JUNE 19, 2023
Live On-Site Auction
THURSDAY, JUNE 22, 2023
AT 1:00 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:
2137 N. Fountain Green Road, known generally as the Bel Air Gun Range, is located in the northern Bel Air or Hickory area of Harford County. Positioned on Fountain Green Road and only one-quarter mile north of Hickory Bypass, US-1, the property is very easily accessible to those traveling throughout Harford County. Fountain Green Road also provides direct access to I-95. The proximate area is largely commercial, with a number of retail businesses, including Redner’s Warehouse Market, automotive businesses and Government facilities in surrounding properties. The larger surrounding area is a mix of suburban and rural areas, with a good density of residential subdivisions to the south and west, and large farms and undeveloped wooded properties north and east.
Exposure at the site is good, as bolstered by local and national retail chains in the immediate vicinity (Taco Bell, Burger King, Royal Farms and First National Bank). Annual average daily traffic along N. Fountain Green Road is 7,680 cars per day. The traffic count along Hickory Bypass, a short distance south, is 23,302 cars per day (AADT), and 12,272 along Conowingo Road, a short distance north.
The auction provides an opportunity to purchase a well-located asset with full occupancy and well-known local tenants. Value-add strategies could further bolster the healthy, existing cash-flow. Overall, the asset provides an ideal acquisition for entrepreneurs considering long-term growth, newer investors starting their commercial portfolios and seasoned buyers building on existing holdings.
For more information about the area, please visit:
Harford County, MD – www.harfordcountymd.gov
Harford County WebGIS – hcggis.harfordcountymd.gov
SITE:
Lot size – 1.25 acres, more or less
ZONING:
C I – Commercial Industrial
According to the Harford County Zoning Department, “This 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.
For more information about Harford County Zoning, please visit:
Zoning Administration – www.harfordcountymd.gov
IMPROVEMENTS:
Single story industrial building – constructed in 1969 and containing 10,610 square feet of gross building area, according to public tax records. Masonry construction, stucco facade with brick detail, asphalt architectural shingle roof, aluminum entrance awning and 4 drive-in bays (3 at 12′ high and 1 at 10′ high) with roll-up doors.
The property is leased to the Bel Air Gun Range and Car Links Auto Group for a total of $155,424 annual scheduled income (NNN). A billboard on the property is out of lease but has continued to receive annual lease payments of $4,654. Further details below.
Please complete a Waiver and Confidentiality agreement to obtain copies of the rent roll and leases.
TITLE:
In fee simple; sold free and clear of liens.
TAXES:
Published annual real estate taxes are estimated to be $20,564 based on a full value tax assessment of $1,892,300. A $140 per year user benefit assessment is applicable, ending on 6/30/2027.
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 4:30 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. 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 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.
