"West Baltimore - Carrollton Ridge"

Three Story Building: Convenience Store & Apartment
6660.jpg

Listing Details

Sold Price
$78,000
Auction Date
Auction Time
1:20 PM
Address
1935 W. Pratt Street, Baltimore, MD, 21223
County
Baltimore City
Neighborhood
West Baltimore, Carrollton Ridge
Inspection
The property will be open at 12:45 a.m. on the day of the auction. Please email info@ajbillig.com or call 410.296.8440 if you would like to inspect the property prior to the day of the auction.
Additional Documents
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?
6704.jpg
6704.jpg
6662.jpg
6663.jpg
6664.jpg
6660.jpg

REAL ESTATE AUCTION

WEST BALTIMORE
Carrollton Ridge Neighborhood

Three Story Building:
CONVENIENCE STORE
& APARTMENT

Sale On Premises
1935 W. PRATT STREET
(a/k/a 1935-1937 W. Pratt Street)
Baltimore City, MD 21223

THURSDAY, OCTOBER 30, 2014
AT 1:20 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:
1935 W. Pratt Street is located along a commercial corridor in the Carrolton Ridge neighborhood in West Baltimore. The busy thoroughfare features a number of different small businesses, neighborhood services and restaurants. Pratt Street functions as a crossroads for both commuters and area residents, making the location ideal for a diverse number of uses. As an end building, the property has great visibility along Pratt Street, with good potential for effective signage and advertising.

For more information about the location, please see:
http://livebaltimore.com/

SITE:
Rectangularly shaped lot measuring 30'2" x 147'6", more or less

Rear access along Dover Street

Fenced rear yard

Off street-parking potential

Public water and public sewer

IMPROVEMENT DESCRIPTION:
Three story brick semi-detached building - according to public tax records, the building contains 3,320 square interior feet, and 1,220 square feet of basement space. The property is currently arranged for a convenience store on the first floor, and apartment on the second and third. The convenience store contains a large open shopping area, shelving, cashier counter, storage room, utility room and rear exit. The upper floors are in need of renovation, and present an opportunity for further development, including offices, apartments or additional storage space.

ANNUAL REAL ESTATE TAXES:
2014-2015 Annual Real Estate Taxes - $2,107.48

TITLE:
In fee simple; sold free and clear of all liens

ZONING:
B-3-2, Community Commercial District

For more information about potential uses of the property, please see the: Baltimore City Zoning Code

INSPECTION:
At 12:45 p.m. on the day of the auction. Please email info@ajbillig.com or call 410.296.8440 if you would like to inspect the property prior to the day of the auction.

TERMS OF SALE:
Deposit payable by certified or cashier's check of $5,000 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 office of the Auctioneers.  Balance to be paid in cash at settlement, which shall take place within 45 days. If payment of the balance does not take place within the specified time, the deposit will be forfeited and the property may be resold at the risk and expense of the defaulting 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.  Taxes and all other public charges and assessments, payable on an annual basis, including 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, without express or implied warranty as to the nature and description of the improvements as contained herein;  and subject to easements, agreements, restrictions or covenants of record affecting same, if any. Purchaser assumes 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 Auctioneer.  The purchaser agrees to waive the right of inspection for lead paint as provided under current Federal and State Law. 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.

NO BUYER'S PREMIUM!