Baltimore County, Maryland REAL ESTATE AUCTION Live Onsite & Online Simulcast Bidding Opening Bid: $250,000 – Arbutus Area – MIXED-USE PROPERTY – Retail Strip & 2 Apartments – Known As: 900-908 LEEDS AVENUE Near Wilkens Avenue (MD-372) Baltimore County, Maryland 21229 $48,000± Gross Annual Income At 63% Occupancy – Value Add Opportunity – Online Bidding Opens MONDAY, NOVEMBER 17, 2025 Live Onsite Auction TUESDAY, NOVEMBER 18, 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: Mixed-use property featuring a retail strip and 2 apartment units situated in southwest Baltimore County between Arbutus and Violetville. The building is currently 63% occupied, with 5 of 6 commercial units occupied and both apartments vacant. UMBC, the Baltimore Beltway and I-95 are all in close proximity. The auction provides a value-add and lease-up opportunity in a well demanded portion of the County. LOCATION: 900-908 Leeds Avenue is located at the corner of Leeds Avenue and West Drive immediately south of Wilkens Avenue (MD-372) and one-quarter mile north of Southwestern Boulevard (US-1). The property is located between the neighborhoods of Arbutus, Violetville, Oaklee and Beechfield. The Baltimore Beltway (I-695) is one mile west. I-95 is easily accessible via the Beltway or Caton Avenue. A number of major employers are located in close proximity, the largest of which being the University of Maryland Baltimore County (UMBC), less than 2 miles west via Wilkens Avenue. Immediately surrounding properties are mixed, with commercial properties along Wilkens Avenue and Leeds Avenue, and single family detached townhomes and garden apartment complexes rounding out the area. According to MDOT transportation statistics, traffic counts are 16,763 cars per day along Wilkens Avenue immediately north of the site and 6,420 along Leeds Avenue (AADT). SITE: Lot size: 0.295 acre, more or less, according to public tax records Known as lots 22-26 on Block 1, Plat of Ridgewood, recorded in the Baltimore County Land Records at Plat Book WPC 7, page 69. Irregularly shaped lot 60' front along Leeds Avenue and approximately 94' along West Drive. Curb cuts on Leeds Avenue and West Drive. Rear vehicle accessible driveway area from West Drive. Paved macadam parking areas for 12+ vehicles. Pole sign. All public utilities. Zoned BL – Business Local For more information about Baltimore County Zoning, please visit: Zoning Review – www.baltimorecountymd.gov TITLE: The property is in fee simple and sold free and clear of liens. IMPROVEMENTS: Brick building constructed in 1945 and containing 12,295 square feet of gross building area on three levels. Believed to be 10,000 square feet of finished square footage above grade. The building is arranged for 4 commercial units on the first floor, 2 commercial units on the lower level and 2 apartments. Apartments have lead free certificates. The occupied commercial units include an Asian market (900), restaurant (902) and service provider (906, 906 ½ and 908). The balance of the units (904 and both apartments) are vacant. Total current monthly rent is $4,009, or $48,108/year. Exterior details include brick and masonry block construction, storefront and vinyl-clad replacement windows, asphalt shingle and torch down roofs. Interior finishes are mixed, including vinyl flooring and carpet, drywall and drop ceilings. Operating businesses are open for viewing during normal business hours (public spaces), and all spaces intended to be open on the day of the auction. FINANCIAL INFORMATION & LEASES: Please complete the Waiver and Confidentiality agreement to receive copies of rent roll, leases, lead certificates and other due diligence information. SUMMARY TERMS OF SALE: Please see the contract of sale for complete terms. Live Auction Bidders – A deposit of $35,000, payable by cashier’s check, will be required of the purchaser at time and place of sale. Online Auction Bidders – A deposit of $35,000, 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. Deposit Escrow Agreement The deposit shall be increased to 10% of the purchase price within 24 hours at the Auctioneer’s office (wire or cashier’s check). Deposit funds shall be held by A. J. Billig & Co., LLC. Balance to be paid in cash at settlement, which shall take place by 5 p.m. Eastern Time on December 31, 2025. 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, 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 deposit(s), 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(s) of the tenant(s) in place, 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 6% buyer’s premium will be added to the final bid price. Note: List price is opening bid only. See broker/auctioneer's website