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 –
BEL AIR
COMMERCIAL DEVELOPMENT SITE
0.609± Acre ✦ Clear & Level Lot
Zoned C – Commercial
– Exposure on East-West Highway (MD-23) –
Known As
527 UNDERWOOD LANE
Off Conowingo Road
Bel Air, Harford County, MD 21014
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:
527 Underwood Lane is located in the northern Bel Air area of Harford County. Forest Hill is a very short distance west, and downtown Bel Air is about 3 miles south. The level and clear lot is positioned between Underwood Lane and East-West Highway (MD-23), adjacent from the signalized intersection of East-West Highway and Conowingo Road. Exposure at the site is healthy, with 11,672 cars per day (AADT) passing the site along East-West Highway, according to State DOT statistics. The site is also visible from the intersection at Conowingo Road, which adds another 12,272 cars per day (AADT). Access throughout the surrounding area and south to I-95 is convenient with the Bel Air/Hickory Bypass (US-1) approximately one quarter mile east. Surrounding properties include contractors, automotive businesses, Harford Bank, Walgreens and a large religious campus. A variety of other retail and industrial uses are in the nearby area, along with several large residential subdivisions.
For more information about the area, please visit:
Harford County, MD – www.harfordcountymd.gov
Town of Bel Air, MD – www.belairmd.org
Harford County WebGIS – hcggis.harfordcountymd.gov
SITE:
Lot size – 0.609 acre according to public tax records, and 0.67 acre according to site drawings.
The lot is mostly level and clear. The property previously featured a dwelling, which has been razed. Public water and sewer are believed to be on-site. A 15′ wide drainage and utility easement is located at the front of the property along Underwood Lane. According to Harford County, “Public water and sewer are available, not connected.”
There are two billboards on the site leased to Apple Outdoor Advertising, Inc., for $5,400 per year. Please complete the Waiver and Confidentiality agreement to obtain a copy of the lease.
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.
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 $1,301.34 based on a full value tax assessment of $119,400.
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.
