"Lansdowne"

COMMERCIAL BUILDING
On 0.22± Acre ✦ Zoned BL ✦ Drive-In Bay
5,268 Sq. Ft. GBA

Sale On Premises:
4007 ANNAPOLIS ROAD
Near W. Patapsco Avenue
Baltimore County, MD 21227

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:
4007 Annapolis Road is located in the Lansdowne area of southwestern Baltimore County. The property is located in what is among the most convenient locations in Central Maryland, with access to I-95, the Baltimore Beltway (I-695), Baltimore Washington Parkway (MD-295) and I-895 all within 2.5 miles, in addition to several other major commuter routes nearby. The location has good exposure, with 7,130 cars per day (AADT) reported by Maryland DOT. Annapolis Road (MD-648, later Baltimore Annapolis Boulevard) is a significant thru-way for those traveling between major highways and within the immediate area. A number of relatively dense neighborhoods are also in close proximity, providing an additional, immediate consumer base. Nearby property uses include restaurants and taverns, retail businesses, service businesses, office and healthcare facilities. Residential uses include single family homes, townhomes and apartments.

For more information about the area, please visit:
Baltimore County My Neighborhood – bcgis.baltimorecountymd.gov
Baltimore County, MD – www.enjoybaltimorecounty.com

SITE:
Lot size – 0.22 acre, more or less, according to public tax records.

Known as lots 5, 6, 7 and 8 on section B of the Revised Plat of Rosemont.

The lot fronts approximately 83′ on Annapolis Road. One large and one small curb cut on Annapolis Road.

Front surface parking for approximately 6 vehicles, and rear surface parking for an additional 6 vehicles.

ZONING:
BL – Business Local

According to the Baltimore County Zoning website, BL represents a “Business Local-small scale commercial” zone. “Typical Uses Permitted by Right: Retail sales, personal services, restaurant, bank, office, tavern, food store, medical clinic.”

Note – The property has not been approved for multi-family use. Residential use has been deemed appropriate as an accessory use for a commercial occupant.

For more information about Baltimore County Zoning, please visit:
Zoning Review – www.baltimorecountymd.gov

IMPROVEMENTS:
Semi-detached two and one-half story commercial building containing 5,268 square feet of gross building area (“GBA”), according to public tax records. The building is arranged for commercial use on the first floor and residential use on the upper floors. Features include a drive-in bay with roll-up door and new asphalt shingle roof.

The first floor is occupied by a car detailing company.

The upper floors are arranged as a total of 4 apartment units. The unit mix includes two 2-bedroom units, one 1-bedroom unit and an efficiency unit. Finishes are predominantly carpeted and ceramic tile floors and drywall. Each unit contains a forced air heating unit. Please see zoning information or contact Baltimore County for approved use information.

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

TAXES:
Current annual real estate taxes are $7,064.16, based on a full value tax assessment of $271,400.

SUMMARY TERMS OF SALE:
Please see the contract of sale for complete terms.

A $25,000 or 10% deposit, whichever is greater, payable by cashier’s check or wire, will be required of the purchaser. 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, rent and 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 lease of the tenant 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. 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.

No Buyer’s Premium!