"Harford County - Joppa"

Live Auction Bidders – a $30,000 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 with 24 hours at the Auctioneer’s office (wire or cashier’s check).

Online Auction Bidders – a $30,000 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

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
$200,000 Opening Bid

HARFORD COUNTY
– Joppa Area –

TWO ADJOINING
COMMERCIAL INDUSTRIAL PROPERTIES
Two Buildings ● 2.61± Acres Total ● Zoned CI

One-Half Mile From I-95 Exit 74

Sale On Premises:
703 & 705A
PHILADELPHIA ROAD
Off Mountain Road
Joppa, Harford County, Maryland 21085

Online Bidding Opens
TUESDAY, SEPTEMBER 17, 2024

Live Onsite Auction Begins
WEDNESDAY, SEPTEMBER 18, 2024
AT 11:00 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.

GENERAL INFORMATION:
703 & 705A Philadelphia Road comprise two adjoining properties totaling 2.61 acres with Commercial Industrial zoning. The location provides maximum convenience and access throughout the area with I-95, Mountain Road and Pulaski Highway (US-40) all within 0.6 miles. The property features two structures totaling a little over 3,000 square feet, storage shed, yard area with street-facing privacy fence, two curb cuts and paved parking area. The auction provides an opportunity for business owners, developers or general investors to purchase a property with permissive zoning, good road frontage and strategic proximity to three of the area’s most significant commuter routes. The properties will be sold as an entirety only, no separate offerings.

LOCATION:
The properties are located in the Joppa area of southeast Harford County. Mountain Road is 0.5 miles east, Pulaski Highway (US-40) is 0.6 miles south and I-95 exit 74 is 0.6 miles northeast. The immediate area is a mix of commercial and industrial properties with a number or larger wooded tracts throughout the surrounding area. A number of residential subdivisions are within approximately one mile west and south. Nearby businesses include JB Hunt Transport Services, Akehurst Landscape Service, two sports training facilities, and a number of other trucking, logistics and contracting companies. According to Maryland DOT statistics, vehicle exposure at the site is 9,065 cars per day (AADT).

For more information about the area, please visit:
Harford County, MD – www.harfordcountymd.gov
Maps & Apps – www.harfordcountymd.gov
Maryland Department of Transportation – mdot.maryland.gov

SITE:
Two lots comprising 2.61 total acres, more or less, according to public tax records.

The lots are mostly level and clear each with a curb cut from Philadelphia Road. Privacy fencing covers a portion of the rear parking area. Paved parking is behind 705A.

Public water service is in both properties. 705A has private septic with holding tanks installed in 2022 and being serviced by Preston Whiteford Septic. 703 does not have operational septic and is not likely to be approved for a new system. Public sewer service is believed to be located in Philadelphia Road (proximity to properties unknown).

703 Philadelphia Road –     2.11 acres
705A Philadelphia Road –  0.50 acre
Total:                                      2.61 acres

GIS Map

ZONING:
CI – 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

IMPROVEMENTS:
703 Philadelphia Road is improved by a two story frame building formerly used as a residence. According to public tax records the building was constructed in 1939 and contains 1,601 square feet above grade and 733 square feet of basement space. The property has been gutted, partially renovated and featuring asphalt architectural shingle roof, vinyl siding, new drywall, new electric and some new flooring, plumbing rough-ins, duct work, heat pump and CAC. Arranged for 7 rooms (4 bedrooms), 2 baths and basement. The property does not have a use and occupancy permit.

705A Philadelphia Road is improved by a single story building formerly used as an office and residence. According to public tax records the building was constructed in 1930 and contains 880 square feet. The building has been gutted and partially renovated with some new finishes. Arranged for 6 rooms and 1.5 baths. Asphalt shingle roof, replacement windows, forced air heat and central air conditioning.

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

TAXES:
Current annual real estate taxes are a total of $3,898.94 as detailed below.

703 Philadelphia Road – $2,260.09 based on a full value tax assessment of $229,933
705A Philadelphia Road – $1,638.85 based on a full value tax assessment of $158,133

SUMMARY TERMS OF SALE:
Please see the contract of sale for complete terms.
Live Auction Bidders – a $30,000 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 with 24 hours at the Auctioneer’s office (wire or cashier’s check).

Online Auction Bidders – a $30,000 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 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, 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, and 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. The Purchaser agrees to waive the right of inspection for lead paint, as provided under current Federal and State law. 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. A 5% buyer’s premium will be added to the final bid price.