8328 BELLONA AVE Towson MD 21204

• Prime Land for Office/ Residential Use
• Just Off I-695 & Charles Street
• Rarely Available Property in Ruxton
• Build Up to a 5,000 Sf Office/ Residential Structure

REAL ESTATE AUCTION

Featuring Live & Simulcast Online Bidding
$300,000 Opening Bid

TOWSON
DEVELOPMENT PARCELS
0.81± Acre - Zoned RO

Office or Residential Use!

Sale On Premises:
8328 BELLONA AVENUE &
8400 BELLONA LANE
Near Charles Street
Towson, Baltimore County, MD 21204

Online Bidding Opens
FRIDAY, MAY 26, 2023

Live Onsite Auction Begins
WEDNESDAY, MAY 31, 2023
AT 12:00 NOON

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:
Located in Towson, near the intersections of Bellona Avenue, Charles Street and Kenilworth Drive, and within one-quarter mile of the Baltimore Beltway (I-695), these mixed-use development parcels offer unparalleled convenience and accessibility. The traffic count at the intersection of Bellona Avenue and Charles Street is 49,284 along Charles Street and 6,213 along Bellona Avenue, according to MDOT maps. The site is nestled among the West Towson, Ruxton, Riderwood and Lutherville communities, and a short distance west of the Shops at Kenilworth, providing a strong consumer base and excellent conveniences in the immediate location.

Towson is a thriving urban center that boasts a wide range of amenities, including shopping, dining, entertainment and recreation options. A number of major employers, including the Baltimore County Government and GBMC, are in the surrounding area. The area is also home to several prestigious educational institutions, including Towson University and Goucher College, making it an ideal location for a mixed-use development that caters to the needs of students, faculty and staff.

With its prime location and excellent connectivity, this development parcel in Towson is the perfect opportunity for investors and developers looking to capitalize on the vibrant community and growing demand for mixed-use properties in the area.

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

SITE:
Lot size – 0.813 acre, total, according to public tax records.

8328 Bellona Avenue:0.408 acre8400 Bellona Lane:0.405 acreTotal:0.813 acre

The adjoining lots were previously developed for a home and office, with prior existing structures having been demolished. The site is gently sloping from Bellona Avenue to the rear of the property, with a mix of clear and formerly landscaped area.

Curb cut and partial driveway and parking area from Bellona Lane.

Public water and sewer are believed to be at the site, with other public utilities available.

Plat

SDAT Maps

Concept Plan

ZONING:
RO – Residential Office

According to the Baltimore County “Citizen’s Guide to Zoning”, the RO district is intended to “accommodate houses converted to office buildings and small Class B office buildings in predominantly residential areas on sites that, because of adjacent commercial activity, heavy commercial traffic, or other similar factors, can no longer reasonably be restricted to uses allowable in moderate-density residential zones.”

Permitted uses as of right include:

• Class A office buildings containing offices or medical offices and their accessory uses, including parking – subject to specifications in the code

• Residential Uses as Permitted in a DR-5.5 Residential Zone

Permitted uses as of special exception include:

• Class B Office building – subject to specifications in the code

• Animal Grooming Facility

• Residential uses permitted by special exception in a DR 5.5 Residential Zone

For more information about Baltimore County Zoning, please visit:
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:

8328 Bellona Avenue:$3,225.25 based on a full value assessment of $248,2008400 Bellona Lane:$3,230.19 based on a full value assessment of $247,900Total:$6,455.44 based on a total tax assessment of $496,100

SUMMARY TERMS OF SALE:
Please see the contract of sale for complete terms.
Live Auction Bidders – a $35,000 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 (wire or cashier’s check).

Online Auction Bidders – a $35,000 deposit, payable by cashier’s check or wire, will be required of all online bidders by 12:00 Noon on Tuesday, May 30, 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, 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. 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.

No Buyer’s Premium!

• Excellent Proximity to Baltimore Beltway

• Ruxton Area Development Opportunity

• Robust Traffic Counts at N. Charles Street and Bellona Avenue