REAL ESTATE AUCTION Featuring Live & Simulcast Online Bidding $200,000 Opening Bid DUNDALK National Historic District THREE STORY SHELL BUILDING 9,693 Sq. Ft. GBA - 0.12± Acre - Zoned BL-CCC Commercial, Residential or Special Purpose Redevelopment Opportunity Sale On Premises: 8 DUNMANWAY Near Dundalk Avenue Dundalk, Baltimore County, Maryland 21222 Online Bidding Opens MONDAY, JANUARY 13, 2025 Live Onsite Auction Begins TUESDAY, JANUARY 14, 2025 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. GENERAL INFORMATION: 8 Dunmanway comprises a three story brick former school building at the corner of the Dundalk Village Shopping center in the Dundalk National Historic District of southeastern Baltimore County. The building is well positioned for a variety of commercial, residential or special purpose uses all within close proximity of the Ports of Baltimore, a number of very large employers, local parks and public transportation. The confluence of high density housing, retail businesses and special purpose uses in the immediate area further enhance the opportunities for redevelopment. The auction offers a chance to purchase a building in need of full rehabilitation with substantial upside potential. LOCATION: The property is located in the Dundalk area of southeastern Baltimore County. Positioned just two blocks east of Dundalk Avenue, and within the Historic Dundalk Shopping Center District, the location fosters a high degree of convenience with architectural charm, all nestled among a healthy density of surrounding businesses, employers and reasonably dense housing stock. There are also a variety of religious facilities, public parks and government agencies within the immediately surrounding area. Dundalk Marine Terminal is less than one mile south, and Seagirt Marine Terminal is approximately 2.5 miles west. I-95 and the Baltimore Beltway (I-695) are both within 2.5 miles. For more information about the area, please visit: Baltimore County Government – www.baltimorecountymd.gov Baltimore County My Neighborhood – bcgis.baltimorecountymd.gov Maryland Historic Property Search – Medusa – apps.mht.maryland.gov SITE: Lot size – 0.12 acre, more or less, according to public tax records The lot fronts approximately 67.5' along Dunmanway with a depth of approximately 77.5' Side and rear alleys Side parking for 2-3 vehicles All public utilities. GIS Map ZONING: BL-CCC – Business Local – Commercial, Community Core District The underlying zoning provides for a variety of commercial, special purpose, and some residential uses. Additional uses may be available by special exception or variance. For more information about zoning, please visit: Zoning Review – www.baltimorecountymd.gov IMPROVEMENTS: Three story free-standing brick former school building – constructed in 1960 and containing 9,693 square feet of gross building area including the basement. The building is mostly gutted and in need of full renovation. Concept Drawings from Prior Owner TITLE: In fee simple; sold free and clear of all liens. TAXES: Current annual real estate taxes are $3,968.04, including water and sewer service and distribution fees respectively, based on a full value tax assessment of $263,800. SUMMARY TERMS OF SALE: Please see the contract of sale for complete terms. Live Auction Bidders – a $25,000 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 with 24 hours at the Auctioneer’s office (wire or cashier’s check). Online Auction Bidders – a $25,000 deposit, payable by cashier’s check or wire, will be required of all online bidders prior to the start of the live auction. 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 4:00 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, 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 Baltimore 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. Time is of the essence. A 5% buyer’s premium will be added to the final bid price.