Buy It Now: $240,000
2,340 Sq. Ft. GBA ✦ 0.14± Ac. ✦ Parking
Zoned C-3: Commercial
4902 RITCHIE HIGHWAY
Between 9th and 10th Avenues
Anne Arundel County, MD 21225
NOTE: The information contained herein has been obtained from sources deemed reliable and is believed to be substantially 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.
4902 Ritchie Highway is located in the Brooklyn Park area of northern Anne Arundel County. Ritchie Highway (MD-2) between I-895 and the Baltimore Beltway (I-695) is a major business and commuter corridor through this portion of Anne Arundel County. The high exposure site provides great opportunity for customer access and signage. According to Maryland State Highway Administration statistics, the annual average daily traffic count is 23,661 along the corridor of Ritchie Highway in front of the property. Surrounding businesses include motels, restaurants, medical and neighborhood services, automotive businesses and an array of retail strips and individual storefronts.
For more information about the area, please visit:
Anne Arundel County, MD – www.aacounty.org
For more information about traffic statistics nearby, please visit:
GIS Traffic Count Data – www.roads.maryland.gov
Lot size: 50′ x 125′, comprising 6,250 square feet or 0.143 acre, more or less
Rear concrete parking area for 3-4 vehicles with potential for additional parking
50′ frontage on Ritchie Highway
Large curb cut on Ritchie Highway
Zoned C-3: General Commercial District. According to Anne Arundel County Summary of Zoning Districts, “This District is generally intended for larger arterial strip commercial development and shopping centers that offer a wide range of commercial uses that serve a broad market area. These commercial uses typically have larger space and land requirements and are located along major roadways. Minimum lot size is 10,000 square feet. Maximum lot coverage by structures and parking is 80%. Maximum Floor Area Ratio is 2.0. Maximum height is 45 feet based on minimum setbacks and can increase to 72 feet provided setbacks are increased as per formula..”
For more information about zoning, please visit:
Zoning Division – www.aacounty.org
Freestanding masonry building – constructed in 1940 and containing 2,340 square feet of gross building area above grade plus basement space, according to public tax records. The building is arranged for two units, one commercial and one residential unit. The units are self contained, feature gas forced air heat, separate exterior entrances and updated finishes. The basement is finished, with powder room and separate exterior entrance. Three electric meters (room for a fourth) and three gas meters. The first floor is rented to a salon for $1,299/month, and the second floor is rented as an apartment for $1,000/month.
Please complete a Waiver and Confidentiality Agreement form to view the leases and lead certificate.
In fee simple; being sold free and clear of all liens.
Published current annual real estate taxes are $3,369.60 based on a full value assessment of $281,300.
Please see the contract of sale for complete terms.
A ten percent (10%) deposit, in cash or cashier’s check to be delivered to the Auctioneer’s office at 6500 Falls Road, Baltimore, MD 21209, or sent by wire transfer. 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. All adjustments, including taxes, rents, 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 settlement and assumed thereafter by the purchaser. Security deposits, if any, shall be adjusted at the time of settlement. The property will be sold in “AS IS” condition, and subject to the existing leases of the tenants in place, easements, agreements, restrictions or covenants of record affecting same, if any. Purchaser assumes the risk of loss from the date of contract forward. Purchaser waives the right of inspection for lead paint, as provided under current Federal and State law. 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. A 5% buyer’s premium will be added to the final bid price.