Absolute Above $50,000 "Frankford"

Commercial Building - Store, Office Unit & Apartment
"Christ The King Book Store"
& Christian Book Store Contents - To Be Sold As An Entirety Only
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Listing Details

Sold Price
$67,000
Auction Date
Auction Time
11:15 AM
Address
5525 Belair Road, Baltimore, MD, 21206
County
Baltimore City
Neighborhood
Frankford
Inspection
The property will be open at 10:15 a.m. on the day of the auction only.
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

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Judith L. Harclerode, Attorney
Moore, Carney, Ryan & Lattanzi, LLC
9649 Belair Road - Suite 302
Nottingham, Maryland 21236

★ ABSOLUTE ESTATE AUCTION ★
To The Highest Bidder Above $50,000

FRANKFORD

COMMERCIAL BUILDING
"Christ The King Book Store”
STORE ★ OFFICE UNIT ★ APARTMENT

Also Being Sold

FULLY STOCKED
CHRISTIAN BOOK STORE CONTENTS
Known As - "Christ The King Book Store"
- Contents To Be Sold As An Entirety Only -

Sale On Premises
5525 BELAIR ROAD
Off Anntana Ave.
Baltimore City, MD 21206

THURSDAY, JANUARY 15, 2015
AT 11:15 A.M.

    NOTE:  The information contained herein has been obtained from sources deemed reliable and believed to be accurate.  However, no express or implied warranty is made as to the accuracy of these representations.  All dimensions contained herein are more or less.  Also to be sold is 4204 & 4206 Annatana Avenue.

GENERAL INFORMATION

LOCATION:
5525 Belair Road is located in the Frankford neighborhood of northeast Baltimore City.  Surrounding neighborhoods include Cedmont, Cedonia, Waltherson and Rosedale (Baltimore County). The area is proximate to I-95, I-695 and Pulaski Highway (US-40).  Belair Road (US-1), is the commercial hub for the area, featuring numerous businesses, eateries and shopping areas. Neighborhood residential  properties are comprised primarily of single family traditional homes, with some semi-detached homes, townhomes and garden apartments.

For more information about Frankford, please visit:
http://livebaltimore.com/neighborhoods/frankford/#.UtAZdtJdWs8

SITE:
Rectangularly shaped lot measuring 50' front by 116'6" deep, more or less

Crusher run rear parking area

Public water and public sewer

IMPROVEMENT DESCRIPTION:
Two story detached commercial building described as follows:

Exterior Features
Brick and vinyl sided exterior facade
Asphalt shingle roof
Aluminum gutters and downspouts
Vinyl double glazed replacement windows

First Floor - North Wing

  • Front sales room, 3 additional rooms

First Floor - South Wing

  • 3 Rooms, 2 powder rooms

Second Floor - Apartment

  • Living Room
  • Eat-in Kitchen - 4-burner gas range/oven
  • Bedroom
  • Bath

Walk-Up Attic

Basement

Mechanical

  • Gas hot water heat with a modern Weil-McClain boiler furnace
  • Gas fired water heater

ANNUAL REAL ESTATE TAXES:
2014-2015 Annual Real Estate Taxes - $2,115 (based on a full value tax assessment of $89,600).  Purchasers may petition for a reduction in the assessment of their property in conjunction with a purchase price substantially less than the currently assessed value of the property. Purchasers are encouraged to contact SDAT concerning the appeals process and may see the following link for helpful information: http://www.dat.state.md.us/sdatweb/appeal.html

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

ZONING:
B-3-1, community business (could be used as retail, offices and/or residential).  Last permitted use was commercial and one dwelling unit.  Check with the Baltimore City Office of Planning and Zoning for complete potential and current permitted uses for the property (410-396-4126) or see the: Baltimore City Zoning Code.

PERSONAL PROPERTY:
To be sold as an entirety only - quantity of religious figurines, books, pamphlets, video tapes, pictures, communion veils, display cases, racks, cash register and more.  Terms - Cash or cashiers's check in full at the time of sale and immediate removal required pursuant to announcement at the time of sale.

INSPECTION:
At 10:15 a.m. on the day of the auction only.

TERMS OF SALE:
Real Estate - 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 Estate, Personal Representative for the Estate, 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!

Auction by order of:
Wendy Marie Jones Rossman, Personal Representative
for the Estate of Mary E. Berger