BUY IT NOW: $150,000 - "BWI Region"

  BUY IT NOW: $150,000  

 High Visibility Corner 
COMMERCIAL PROPERTY
 Former Service Station – Tanks Removed 
0.19± Acre ◆ Zoned C-1 

Sale On Premises 
1083 DORSEY ROAD (MD-176) 
Corner Old Telegraph Road 
Hanover, MD 21076 

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:
1083 Dorsey Road is located in northern Anne Arundel County, one-half mile east of MD-170 and two miles west of I-97. The site is opposite the south side of BWI Airport. Neighboring properties include an adjacent 7-Eleven, Cancun Cantina nightclub, M&T Bank, fast food restaurants, automotive repair facilities and other commercial land uses. The property has excellent visibility from eastbound and westbound Dorsey Road (MD-176), which has a traffic volume of more than 18,000 vehicles per day, according to the Maryland State Highway Administration.

SITE:
8,276 square feet or 0.19 acre

107.25′ along the southeast side of Dorsey Road (MD-176)

108.58′ along the northwest side of Old Telegraph Road

Level, asphalt and gravel paved lot

Curb cuts from Dorsey Road and Old Telegraph Road

State Roads Commission Plat

Public water is in the site. The property has a private septic system, but public sewer is believed to be in Dorsey Road.

Zoning C-1, Local Commercial District

For additional zoning information see:
http://www.aacounty.org/departments/planning-and-zoning/zoning/zoning-classifications-guide

IMPROVEMENTS:
One story brick and concrete block former service station building, built in 1945 and containing 1,303 square feet of gross building area, according to public tax records. The building is in shell condition, has a built-up roof, office/showroom and two service bays. A high-visibility pole sign is at the intersection of Dorsey and Old Telegraph Roads.

All underground storage tanks (USTs) have been removed and the site has been cleared by the Maryland Department of the Environment. For a copy of an Environmental Assessment, prepared by Hillis-Carnes Engineering Associates, Inc., dated March 30, 2010, please complete and return the Waiver and Confidentiality Agreement.

TITLE:
The property is in fee simple and sold free and clear of liens. Anne Arundel County Deed Book 22780, Page 378.

TAXES:
Anne Arundel County Tax Account No. 05-000-00155700, Map 8, Grid 18, Parcel 365. Published annual real estate taxes are $2,557.12, based on a full value assessment of $221,700. 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:
http://dat.maryland.gov/realproperty/Pages/Assessment-Appeal-Process.aspx

TERMS OF SALE:
A 10% deposit, payable by cashier’s check, will be required of the Purchaser at time and place of sale.  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. 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. Time is of the essence.

No buyer’s premium.