"Baltimore County"

To The Highest Bidder Over $30,000

– Baltimore County –
INDUSTRIAL LAND
8.48± Acres ✦ 11 Adjoining Parcels
Zoned ML – Light Manufacturing

– Live & Simulcast Online Bidding –

Sale On Premises:
LYNHURST ROAD
Tax ID 1519071991 et seq.
Off Morse Lane, Near I-695
Dundalk, Baltimore County, MD 21222

Online Bidding Opens
TUESDAY, MAY 2, 2023

Live Onsite Auction Begins
THURSDAY, MAY 4, 2023
AT 11:00 A.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:
The Lynhurst Road assemblage is located in the Dundalk area of southeastern Baltimore County. Lynhurst Road is an extension of Morse Lane, which has an exit immediately from the Baltimore Beltway (I-695) at North Point Boulevard, approximately 1.5 miles south. The Baltimore Beltway provides easy access to several major ports and highways. Sparrows Point is within 2 miles, and Dundalk Marine Terminal, Seagirt Marine Terminal, Hawkins Point and Fairfield are all within close proximity. Surrounding businesses include American Yeast Sales, American Asphalt Paving, Insurance Auto Auctions and Northstar Services (trucking company). A variety of other industrial, trucking, container and fleet companies are in the surrounding area. A rail line is within 100 yards of the site. The property has been family held for approximately 75 years. The auction provides a rare opportunity to purchase a large piece of raw, industrially zoned land in an extremely well demanded commercial location.

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

SITE:
Lot size – 8.48 acres, according to public tax records. An unrecorded plat from 1939 shows a total lot size of 8.18 acres.

The site is comprised of 11 adjoining lots all with separate tax records, as further detailed below. Lot sizes vary from 0.43 acre to 1.48 acres. Each lot has frontage on Lynhurst Road. The lots are fairly level and tree covered. The property is within public water and public sewer service areas. Location of water and sewer connections is unknown, but believed to be in surrounding properties. Seller has not conducted any surveys, environmental testing or feasibility studies.

Plat – Unrecorded

Baltimore County GIS Map

SDAT Map

ZONING:
ML – Light Manufacturing

According to the Baltimore County “A Citizen’s Guide to Zoning,” the ML zone is intended “To provide areas for industrial uses that require assembling, compounding, manufacturing, packaging or processing of goods or services.” “Typical Uses Permitted by Right: Industrial uses requiring assembly, production, processing, packaging, or treatment of various elements, laboratory, office, medical clinic, excavation not involving explosives, equipment and material storage yard, brewery.” Residential development may be available via PUD.

Baltimore County zoning details can be found here:
Zoning Review – www.baltimorecountymd.gov

Zoning Map

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

TAXES:
Current annual real estate taxes are a total of $509.05 based on a full value tax assessment of $42,000, as detailed below.

SUMMARY TERMS OF SALE:
Please see the contract of sale for complete terms.
Live Auction Bidders – a $10,000 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 (wire or cashier’s check).

Online Auction Bidders – a $10,000 deposit, payable by cashier’s check or wire, will be required of all online bidders by 12:00 Noon on Wednesday, May 3, 2023. The deposit will be held in escrow until the completion of the auction and will be retained from the winning bidder. Other bidder deposits will be returned within one business day. Interested parties who do not provide a deposit in advance as stated above will not be permitted to bid. The deposit shall be increased to 10% of the purchase price by cashier’s check or wire transfer by 4:30 P.M. on the day of auction. Deposit Escrow Agreement

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, ground 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 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. The Property will be sold subject to Harford County violation notices, 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.