"Joppa"

 REAL ESTATE AUCTION 

Harford County, MD 21085

“JOPPA” – 2.18± ACRE
COMMERCIAL PROPERTY
2 Parcels ◆ Zoned B-3

Sale On Premises
415 PULASKI HIGHWAY
(U.S. ROUTE 40)

TUESDAY, OCTOBER 3, 2017
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:
415 Pulaski Highway is located along the south side of U.S. Route 40, east of Joppa Farm Road and west of MD-152. I-95 Exit 74 is minutes away, providing excellent highway linkage to White Marsh, Aberdeen and Bel Air. The Joppa/Pulaski Highway area is a mixture of commercial and industrial land uses, surrounded by expanding residential development. Pulaski Highway, a divided highway with median strip, is the major commercial connector from Baltimore to points north and east. 2015 traffic volume at the property was 26,300 vehicles per day. The property is located in a Harford County Enterprise Zone, providing an opportunity for employer tax credits.

Most recently, the property had been used for the distribution and storage of telecommunications equipment. It is currently vacant.

SITE:
2.18 acres of land – 2 contiguous lots with asphalt paved use-in-common driveway leading from U.S. Route 40.

Lot 1 (415A Pulaski Highway) fronts approximately 112′ along the east side of Pulaski Highway, by a depth of approximately 282′, comprising 0.675 acre of land. Lot 1 is improved by a 3,000 sf office building and a 5,000 sf warehouse building.

Lot 2 (415 Pulaski Highway) fronts approximately 277′ along the east side of Pulaski Highway, by a depth of approximately 305′, comprising 1.551 acres of land. The site has a storm water management pond to allow for the construction of another 5,000 sf building.

Most of the property is chain link fenced.

Public water, sanitary sewer, electricity and internet service are connected to the site.

Zoning is B-3, General Business District, permitting a wide variety of highway commercial and light industrial land uses.

For more information, see the Harford County Zoning Code.

IMPROVEMENTS:
Warehouse Building, built in 2008 – 50′ x 100′, metal structure with a metal roof, insulated, 20′-25′ ceiling heights, heavy concrete floor, truck lift, oil fired heat, drive-in door, 2 loading docks, shop office and skylight.

Office Building, built in 1987, two stories, approximately 1,500 sf per floor, vinyl siding, composition shingle roof, vinyl-clad double hung windows. First floor has a reception area, general office area, rest room and 2 private offices. Second floor has a conference room with wood floor, full bathroom, 3 private offices and a general office area. Two-zone heat pump/central air. Finishes are drywall, florescent lighting, carpeting and wood floors.

ADDITIONAL INFORMATION:

Record Plat #1

Record Plat #2

Record Plat #3

Driveway Easement

Cross Easement

ENVIRONMENTAL REVIEW:
To view the environmental review report, please fill out a Waiver and Confidentiality Agreement, sign it, and return it to the office of the Auctioneer by fax to 410-296-4420 or email info@ajbillig.com. Once the completed form has been received, you will receive the confidential information via email. Requests are normally answered Monday-Friday 9 am-4 pm.

TAX INFORMATION:
The following is the latest published tax assessment information available from public records.

TITLE:
The properties are in fee simple and will be sold free and clear of liens. Harford County Deed Liber 10911, folio 393.

TERMS OF SALE:
A $50,000 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. 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.

Offered in collaboration with
Susan Riehl Development Corporation t/a Obrecht Riehl Properties