Absolute Above $75,000 "H.M. Rowe Company"

Venerable Baltimore Business - Closing After Over 100 Years
Warehouse & Office, 11,400+/- Sq. Ft., Bay Doors, Green Space
6887.jpg

Listing Details

Sold Price
$111,000
Auction Date
Auction Time
1:00 PM
Address
622-624 N. Gilmor Street, Baltimore, MD, 21217
County
Baltimore City
Neighborhood
Harlem Park, Opposite Harlem Square Park
Inspection
The property will be open for one scheduled open house, and one hour prior to the auction. To state your interest in attending the open house, please call 410.296.8440 or email info@ajbillig.com
Additional Documents
The Story of the Organization and Growth of The H.M. Rowe Company
Financing
See our Financing Page for a list of auction-oriented lenders.
Scroll down for Complete Details, including: property description, additional photos, and Terms of Sale.

Additional Photos

Use Mobile?
6910.jpg
6910.jpg
6888.jpg
6887.jpg

ABSOLUTE REAL ESTATE AUCTION
- To The Highest Bidder Above $75,000 -

 VENERABLE BALTIMORE BUSINESS  
H. M. ROWE COMPANY
  CLOSING AFTER OVER 100 YEARS  

WAREHOUSE AND OFFICE
11,400+/- Sq. Ft. ✦ Bay Doors ✦ Green Space

Sale On Premises
622-624 N. GILMOR STREET
Opposite Harlem Square Park
Baltimore City, MD 21217

WEDNESDAY, DECEMBER 17, 2014
AT 1:00 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:
622-624 N. Gilmor Street has been home to the H.M. Rowe Publishing Company for over 100 years, serving as an office, warehouse and distribution point for an extensive amount of education and instruction based materials. The building was a successful headquarters for several generations of owners. The business ceased operations very recently to allow family members to retire and move on to other business opportunities. The building faces the mature trees and sculptures in Harlem Square Park, which also features ballfields and walking paths. I-395, I-83 and Downtown Baltimore are each about two miles away. The auction represents an opportunity to buy and use a multi-purpose business building, lease the property or develop the buildings and site into an alternative use.

For more information about Harlem Park, please visit:
http://livebaltimore.com/neighborhoods/harlem-park/

For more information about the H.M. Rowe Company:
The Story of the Organization and Growth of The H.M. Rowe Company

SITE:
Rectangular lot - 40' front x 157' deep
Bay door access via Vincent Street
Grassy, fenced courtyard
All public utilities

Plat

Zoning:
R-8, residential, approved use for bookbinding and warehouse

Aerial Photo and Baltimore City iMap with Zoning

 

 

IMPROVEMENTS:
The property is improved by a three story brick semi-detached office building, which interconnects with a three story brick semi-detached warehouse building. According to public tax records the structures were constructed in 1910, and contain a total of 11,420 gross square feet plus basement arranged as follows:

Exterior
Brick exterior
2 - rear bay doors
Stone, marble and wrought iron details
Mixture of wood double hung, vinyl-clad replacement and industrial multi-pane windows
Oriel window
Flat built-up roof
Aluminum down spouts and rain gutters

Interior
The building is arranged in two sections, the front office section and rear warehouse section.

Office:

  • Finishes are drywall, plaster and carpet
  • Total of 11 private offices
  • 4.5 baths
  • Storage closets and utility rooms

Warehouse:

  • Finishes are industrial - exposed ceilings, wide-plank wood and concrete floors
  • Ceiling heights 10-16'
  • Package handling belt throughout

Basement:

  • Mechanical area
  • Built-in steel vault
  • Additional storage

Mechanical
3 gas fired boilers
Window air conditioning
Updated electrical service (2012)

TITLE:
The property is in fee simple; and sold free and clear of liens. Deed Liber S.L. 2865, folio 155 (1913)

TAXES:
Published annual taxes for 2014-2015 are $5,901.93 based on a full value assessment of $245,200.

INSPECTION:
The property will be open for one scheduled open house, and one hour prior to the auction. To state your interest in attending the open house, please call 410.296.8440 or email info@ajbillig.com.

TERMS OF SALE:
A $7,500 deposit, payable by certified check or 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.  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 sale to date of settlement.  All adjustments, including taxes, all other public charges and assessments payable on an annual basis, and sanitary and/or metropolitan district charges, if any, to be adjusted for the current year to date of sale 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 sale 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. The purchaser agrees to waive the right of inspection for lead paint, as provided under current Federal and State law.  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!