Circa 1850 "Mt. Washington" Business Property - 2 Tenant Spaces & On-Site Parking

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Listing Details

Sold Price
$225,000
Auction Date
Auction Time
2:00 PM
Auction Note
Sold Prior To The Auction
Address
5909 Falls Road, Baltimore, MD, 21209
County
Baltimore City
Neighborhood
Mt. Washington
Scroll down for Complete Details, including: property description, additional photos, and Terms of Sale.

Additional Photos

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REAL ESTATE AUCTION

★ Circa 1850 ★
MT. WASHINGTON
BUSINESS PROPERTY
2 Tenant Spaces ★ On-Site Parking

 

Sale On Premises
5909 FALLS ROAD
Opposite Mt. Washington Mill Business Park
Baltimore, MD 21209

MONDAY, APRIL 7, 2014
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:

5909 Falls Road is located in the Mt. Washington neighborhood of north Baltimore, north of Kelly Avenue and south of Lake Avenue.  The property is opposite the Mt. Washington Business Center, which includes Whole Foods, Starbucks, PNC Bank, various retail stores, galleries and offices.  Mt. Washington Village, U.S. Post Office, Meadowbrook Aquatic and Fitness Center and Metro Light Rail station are nearby.  Public bus service is at the door.  The property has excellent visibility from northbound or southbound Falls Road (MD-25). 


Link for LiveBaltimore Mt. Washington neighborhood description:
http://livebaltimore.com/neighborhoods/mount-washington


Street Scenes:

 


 

For directions from your location, visit: maps.google.com


SITE:

Nearly rectangular lot - 45' x 96'.  Adjacent lot(s) on the north side of the property, owned by the Mayor & City Council, are used under the City's Adopt-A-Lot Program and are chain link fenced.


Zoning R5, non-conforming use, residential - last registered use was as a picture framing shop.  The building has been used for business purposes for many years.


Utilties - public water and sewer, gas, electricity and telephone


On-site gravel paved parking and shared parking lot with two curb cuts


BLOCK PLAT (pdf)


FLOOD MAP PANEL (pdf)


IMPROVEMENTS:

Two Story Business Property - according to public tax records, the building was constructed in 1850 and contains 1,418 square feet of gross building area.


Exterior
Separate entrances for first and second floors
Second floor wood sun deck
Composition shingle roof
Aluminum siding and concrete block walls
Vinyl-clad double hung windows


Interior
Interior stairway between levels
2 - tenant spaces


First floor tenant is a dog groomer.  The space has concrete floors, drywall, and amenities specific to the tenant.


Second floor tenant is an acupuncture practice.  The space has a reception area and private office;  carpeting and drywall; common area rest room.


Mechanical
Gas forced air heat
4 - compact heat pump systems
One electric meter and one gas meter


OCCUPANCY:

First Floor - Scrub a Dub Dog - $1,200/month, month-to-month tenant
Second Floor - Acupuncturist - $1,000/month, month-to-month tenant


Landlord currently provides heat and utilities.  The auction presents an opportunity for prospective owner-occupants or investors seeking to improve upon a steady cash flow.


TAXES:

2013-2014 real estate taxes are $4,382.52


TITLE:

The property is in fee simple and will be sold free and clear of liens.  Deed Book 10074, Page 791.


INSPECTION:

The property is open during business hours.  The building will be open for inspection at 1:00 p.m. on the day of auction.


TERMS OF SALE:

A $20,000 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 30 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.  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. 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. 


This auction is conducted in cooperating with Gold & Company.
Photos of auction property


FINANCING:

 See our Financing Page for a list of auction-oriented lenders.