"Belair-Edison"

$10,000 Opening Bid

ONE STORY
COMMERCIAL BUILDING
With Hanging Sign – Zoned C-1

Known As:
4301 BELAIR ROAD
Near Shamrock Avenue
Baltimore City, MD 21206

BIDDING OPENS:
FRIDAY, OCTOBER 23, 2020

BIDDING CLOSES:
WEDNESDAY, OCTOBER 28, 2020 AT 12:00 NOON

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:
4301 Belair Road is located in the Belair-Edison neighborhood in northeast Baltimore. Belair-Edison is one of the largest neighborhoods in the City, comprising thousands of homes abutting Clifton Park and Herring Run Park. Belair Road is the primary commercial thoroughfare in the neighborhood, and the surrounding area at large. Exposure at the site is excellent, with 21,864 cars per day (SHA annual average daily traffic count) passing the site. The existing hanging sign is well situated for maximizing that exposure. Surrounding properties include a diner, strip center, funeral home, salon, convenience stores and a large number of porchfront townhomes.

For more information, please see:
Belair-Edison – livebaltimore.com
CityView – cityview.baltimorecity.gov
SHA Traffic Statistics – www.roads.maryland.gov

SITE:
Lot size – 21’6″ x 46’7″, comprising approximately 1,001.5 square feet

Fronts 21’6″ along Belair Road, and 46’7″ along a 15′ vehicle accessible alley

All public utilities

ZONING:
C-1 Commercial. According to the Transform Zoning webpage, C-1 zoning comprises “Commercial clusters or pedestrian-oriented corridors of commercial uses that serve the immediate neighborhood. Ensures compatibility between neighboring residential and commercial uses.”

For more information about Baltimore City, please visit:
Transform Baltimore – planning.baltimorecity.gov

IMPROVEMENTS:
Single story masonry building formerly arranged for a pizza shop. According to public tax records, the building contains 819 square feet plus basement. The building is fire damaged, needing full renovation.

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

TAXES:
Published annual real estate taxes are $894.44, based on a full value assessment of $37,900.

SUMMARY TERMS OF SALE:
Please see the contract of sale for complete terms.
A $3,000 deposit, or ten percent (10%) of the Purchase Price (whichever is greater), in cashier’s check to be delivered to the Auctioneer’s office at 6500 Falls Road, Baltimore, MD 21209, or sent by wire transfer, by Thursday, October 29, 2020 at 12:00 P.M. 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 Baltimore City 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!