REAL ESTATE AUCTION Live Onsite & Simulcast Online Bidding $150,000 Opening Bid BELAIR ROAD CORRIDOR FREESTANDING COMMERCIAL BUILDING 3,984± SF ? Zoned C-2 Arranged for Multiple Tenants $21,900 Gross Annual Rents at 50% Occupancy – Value Add Opportunity – Known As 5839 BELAIR ROAD Corner Glenarm Avenue Baltimore, MD 21206 Online Bidding Opens MONDAY, JULY 14, 2025 Live Onsite Auction TUESDAY, JULY 15, 2025 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: 5839 Belair Road (US-1) is situated in the “Cedmont” neighborhood of northeast Baltimore, north of White Avenue and south of Northern Parkway. The building is located at the southeast corner of Belair Road and Glenarm Avenue. Surrounding blocks include similar small commercial buildings, automotive repair shops and sales lots, restaurants, homes and mixed-use properties. The building is located about 1.5 miles south of the Baltimore Beltway (I-695), and a similar distance east of I-95. Downtown Baltimore is about five miles to the south. SITE: Level lot fronting 25’8? along the east side of Belair Road by 144’7? along the south side of Glenarm Avenue. A 20' alley bounds the property in the rear, giving access to four brick garages. The rear yard is chain link fenced. Zoning – C-2, commercial Public utilities Good visibility from northbound and southbound Belair Road. IMPROVEMENTS: Two and one-half Story Brick Freestanding Building, comprising 3,494 square feet of gross building area and 1,269 square feet of basement space, according to public tax records. The building has a composition shingle roof (approximately four years old), vinyl-clad double-hung windows, a brick foundation and multiple exterior entrances. The detached garage building has a flat built-up roof (approximately two years old) and four doors. First Floor Front Unit – currently rented for $750/month to a counselor, with lease ending May 2026. Unit comprises two rooms, LVP flooring, LED lighting, drywall Middle & Rear Sections – could be one or two units, drywall, vinyl flooring, 3 rooms and full bath, separate entrances Second Floor Front Unit – currently rented for $700/month to a barber, month-to-month tenant, vinyl floor, paneling Middle & Rear Sections – could be one or two units, 4 rooms, vinyl floor, drywall Attic Partially finished – 3 rooms Basement 3 unfinished rooms Half-Bath Flush Mechanical systems Mechanical – gas hot water radiators, electric water heater, 200-amp. electrical service Garages Unit 1 – vacant Unit 2 – rented for $125/month (no lease) Units 3 and 4 – rented for $250/month (no lease) The building has ample space for additional commercial or residential tenants. TITLE: The property is in fee simple and sold free and clear of liens. Baltimore City Deed Book MB 19683, Page 141. TAXES: Published annual real estate taxes are $3,958. SUMMARY TERMS OF SALE: Please see the contract of sale for complete terms. Live Auction Bidders – A $20,000 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 (company or personal checks for the increased deposit will be accepted at the sale site or wiring instructions will be provided). Online Auction Bidders – A 10% deposit, payable by wire transfer or cashier’s check, is required by 4:00 p.m. on the day of auction. No exceptions. 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, rents, 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 transferred at settlement. The property will be sold in “AS IS, WHERE IS” condition, 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 except where otherwise mandated by local, State or Federal law. Time is of the essence. A 5% buyer’s premium will be added to the final bid and becomes part of the contract price.