"Joppa - Edgewood"

$500,000 Suggested Opening Bid

HIGH VISIBILITY
COMMERCIAL SITE
3.21± Acres ◆ Zoned B-3

Sale On Premises
1300 PULASKI HIGHWAY
US-40 – Just East of MD-152
Harford County, MD 21040/21085

TUESDAY, OCTOBER 20, 2020
AT 2:00 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.

LOCATION:
1300 Pulaski Highway consists of two contiguous parcels situated on the north side of Pulaski Highway (U.S. Route 40), just east of Maryland 152 (Mountain/Magnolia Road). Average daily traffic count at the property is 26,551 vehicles per day, according to 2020 MDOT traffic count map. The surrounding area is a mixture of residential, commercial and industrial land uses. Neighboring properties along Pulaski Highway include automobile dealerships and automotive service facilities, restaurants, shopping centers and office buildings. The property is one mile south of I-95 Exit 74 (Mountain Road-MD-152).

SITE:
Two adjoining parcels – 1.083 acres and 2.13 acres, totaling 3.21 acres. The property fronts approximately 464′ along the north side of Pulaski Highway, by a depth of approximately 449′.

The front half of the site is level, asphalt paved and improved by a former garage building shell, comprising approximately 6,928 square feet, according to public tax records. The rear portion is wooded.

Public water and sanitary sewer are available.

ZONING:
B-3, General Business District – providing for a wide range of retail, service and business uses serving local and county-wide areas.

Please review the Harford County Zoning Code for detailed uses.

ADDITIONAL INFORMATION:
Please complete the Confidentiality Waiver to receive:

• Phase I Environmental Assessment and Limited Subsurface Investigation Report
• Tank Removal Certificates

TITLE:
The property is in fee simple and sold free and clear of all liens. Harford County Deed Book JJR 10232, Page 303.

TAXES:
Tax Map 65, Parcel 208, 1.083 acres (1.23 acres according to public tax records) – published annual taxes of $6,018, based on a full value assessment of $522,600.

Tax Map 65, Parcel 212, 2.13 acres – published annual taxes of $5,273, based on a full value assessment of $457,000.

Total published taxes $11,291, based on full value assessments of $979,600.

SUMMARY TERMS OF SALE:
Please see the contract of sale for complete terms.
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. 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. A 5% buyers premium will be added to the final bid price.