Email: info@ajbillig.com
6500 Falls Road, Baltimore, MD 21209
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Featuring Live & Simulcast Online Bidding
$100,000 Opening Bid
HIGH EXPOSURE
COMMERCIAL PROPERTY
Zoned BCE – Business Corridor Enhancement
0.11± Acre ✦ Redevelopment Opportunity
Sale On Premises
1995 WEST STREET
Near Old Solomons Island Road
Annapolis, Anne Arundel County, MD 21401
Online Bidding Opens
FRIDAY, AUGUST 20, 2021
Live Onsite Auction Begins
WEDNESDAY, AUGUST 25, 2021
AT 12:30 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. Online bidding is available from Friday, August 20, and will continue through the live auction. You can choose to bid online and/or attend the live auction.
LOCATION:
1995 West Street is located in Annapolis along the primary commercial artery in Maryland’s capital city. West Street runs from Church Circle in the heart of historic Annapolis to Generals Highway (MD-178), with access to Solomons Island Road (MD-2), US-50 and Defense Highway (MD-450 past Generals Highway). According to the Maryland Department of Transportation, roughly 34,151 cars per day (AADT) pass the site. The mutli-lane boulevard features an array of businesses and retail complexes, notably Park Place, Annapolis Town Center and Westfield Annapolis. Nearby properties include retail, dining, automotive, offices and homes. The site provides an excellent opportunity for owner operators, live/work, or as part of an assemblage with nearby listings.
For more information about the area, please visit:
Visit Annapolis – www.visitannapolis.org
Annapolis, MD – www.annapolis.gov
Anne Arundel County, MD – www.aacounty.org
SITE:
Lot size – 4,800 square feet, or 0.11 acre, more or less, according to public tax records
Known as lot number 3 on the plat of “Reidsville, Camp Parole, Anne Arundel County” recorded at plat book 260, page 431.
The lot fronts approximately 40′ on West Street (formerly Defense Highway), and 40′ on Johnson Road, providing rear access and potential off-street parking at the site.
ZONING:
BCE – Business Corridor Enhancement (City of Annapolis Zoning)
According to the Annapolis Zoning Code, “The BCE Business Corridor Enhancement district is designed to increase commercial and certain residential opportunities and to promote and encourage mixed use while protecting the aesthetic and visual character of lands adjacent to the major business corridors by encouraging and better articulating positive commercial and certain residential design guidelines along commercial corridors, protecting adjacent uses from the impacts of commercial development, and providing for the safe and efficient use of adjacent roadway corridors”
Example uses within the BCE district, as provided by the Table of Uses found in the zoning code, include:
Other permitted uses are available, and additional uses may be available by special exception and subject to standards.
For more information about Annapolis zoning, please visit:
Planning & Zoning – www.annapolis.gov
IMPROVEMENTS:
Two story frame building – constructed in 1950, containing 1,056 square feet of living area and 528 square feet of basement space, according to public tax records. The building requires demolition or comprehensive rehabilitation.
TITLE:
In fee simple; sold free and clear of liens.
TAXES:
Published annual real estate taxes are $6,655.17 based on a full value assessment of $472,333.
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.
SUMMARY TERMS OF SALE:
Please see the contract of sale for complete terms.
A $10,000 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. If the high bidder is an online Purchaser, 10% of purchase price is due by wire transfer or cashier’s check at the Auctioneer’s office, by 4:30 p.m. on the day of the auction. 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, if any. The Property will be sold subject to Anne Arundel County and City of Annapolis violation notices, if any. Purchaser assumes the risk of loss from the date of contract forward. 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. No Buyer’s Premium.
