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Featuring Live & Online Simulcast Bidding
2 Adjoining Parcels ✦ 4.70± Acres Total
– Zoned B-3 Highway Commercial District –
502 & 504
PULASKI HIGHWAY (US-40)
Corner of Beards Hill Road
Aberdeen, Harford County, MD 21001
Online Bidding Opens
FRIDAY, OCTOBER 22, 2021
Live Onsite Auction
WEDNESDAY, OCTOBER 27, 2021
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.
502 and 504 Pulaski Highway are located in the City of Aberdeen in Harford County, Maryland. Well positioned along Pulaski Highway, exposure at the site is robust, with MDOT reporting 23,050 cars per day (AADT) in front of the property. 502 Pulaski Highway is located at the corner of Beards Hill Road, which has a left turn lane from northeast bound Pulaski Highway.
The lots are located approximately 4 miles north of Aberdeen Proving Ground, the largest nearby employer, with a stated 16,000 employees, according to the City of Aberdeen website. Other major employers in the area include Frito-Lay, UPS, C&S Wholesale Grocers and Amazon. The site also offers convenient access to I-95, approximately 2.5 miles northwest via the Aberdeen Thruway (MD-22).
The property is well situated for development for both users and investors. Proximity to the Baltimore, Wilmington, Washington DC and Philadelphia metropolitan areas, in addition to Aberdeen, Havre de Grace and Belair, provides an ample, easily-reachable base of both individual and business consumers. Highway access fosters easy logistics for those transporting goods throughout the aforementioned area. The existing B-3 Highway Commercial Zoning further bolsters the value with an array of permitted uses. The auction provides an opportunity to buy one or both lots with excellent upside potential.
Two lots comprising a total of 4.70 acres, more or less. Plat
502 Pulaski Highway – Starting Bid: $50,000
504 Pulaski Highway: Starting Bid: $50,000
Please complete a Waiver and Confidentiality Agreement form to obtain copies of site plans, concept drawings and the billboard lease.
B-3 – Highway Commercial District
According to the City of Aberdeen zoning code, “The purpose of this district is to provide for a number of retail and office establishments and commercial services for use by the traveling public on or near major roads or streets in the City and at the same time is intended to maintain the appearance of the highways and their access points by limiting outdoor advertising and establishing high standards for development. Commercial development in this district shall be in the form of well-planned and heavily buffered commercial concentrations as opposed to traditional forms of highway strip commercial.”
For more information about City of Aberdeen zoning, please visit:
Aberdeen Planning & Zoning – www.aberdeenmd.gov
City of Aberdeen Zoning District Map – www.aberdeenmd.gov
The property is in fee simple and sold free and clear of liens.
Annual taxes are as stated below
502 Pulaski Highway: $2,036.54 based on a full value assessment of $202,500
504 Pulaski Highway: $2,834.32 based on a full value assessment of $282,500
Total: $4,870.86 based on a full value assessment of $485,000
Purchasers may petition for a reduction in the assessment of their property in conjunction with a purchase price substantially less than the currently assessed value of the property. Purchasers are encouraged to contact the Maryland State Department of Assessments & Taxation concerning the appeals process, and may see the following link for helpful information: Assessment Appeal Process.
MANNER OF SALE:
The lots will be offered both individually and as an entirety, and sold in the manner producing the greatest result at the seller’s sole discretion.
SUMMARY TERMS OF SALE:
Please see the contract of sale for complete terms.
Live Auction Bidders – a $10,000 deposit for each lot, and $20,000 as an entirety, 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.
Online Auction Bidders – a 10% deposit, payable by cashier’s check or wire transfer, will be required of the purchaser by 4:30 p.m. on the day of auction, at the Auctioneer’s office.
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. 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.
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