"Patterson Park - Highlandtown National Historic District"

Corner Mixed-Use Building - Fire Damaged
2 Commercial Spaces & 4 Apartments
Zoned B-2-2: Community Business
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Listing Details

Sold Price
$215,000
Auction Date
Auction Time
11:00 AM
Address
3515 E. Lombard Street, Baltimore, MD, 21224
County
Baltimore City
Neighborhood
Patterson Park - Highlandtown National Historic District
Inspection
At 10:00 a.m. on the day of the auction. An open house may be scheduled prior to the auction based on demand. Please email info@ajbillig.com or call 410.296.8440 to state your interest in inspecting the property prior to sale.
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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REAL ESTATE AUCTION

PATTERSON PARK - HIGHLANDTOWN
National Historic District

Fire Damaged
CORNER MIXED-USE BUILDING
2 Commercial Spaces & 4 Apartments
Zoned B-2-2: Community Business

Sale On Premises
3515 E. LOMBARD STREET
Corner S. Conkling Street
Baltimore, MD 21224

WEDNESDAY, JULY 29, 2015
AT 11:00 A.M.

- Suggested Opening Bid: $50,000 -

    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:
3515 E. Lombard Street is located in the Patterson Park - Highlandtown National Historic District in southeast Baltimore City. The southeast Baltimore corridor, which includes Patterson Park, Highlandtown, Canton, Greektown and Fells Point, has been experiencing substantial development over the last several years. New shopping centers, apartment projects, new residential construction, countless renovation projects and street scape improvements are all examples of area activity. The property is situated about half-way between the Johns Hopkins East Baltimore and Bayview Campuses, both of which have also been engaging in major development projects.

The property is situated at the corner of Lombard and Conkling Streets, approximately 7 blocks east of Patterson Park. I-895 and I-95 are a short distance to the east. The well situated location and large footprint present an excellent opportunity to renovate the building in its current configuration for multiple units, or to redevelop the site into any number of alternative commercial or residential uses.

SITE:
Level, rectangular lot - 75' x 75'10" or 0.13 acre, more or less

Zoned: B-2-2, Community Business
For more information, see the Baltimore City Zoning Code.

Curb cut and drive-in bay on E. Lombard Street

Public water and sewer

IMPROVEMENT DESCRIPTION:
Two story masonry building with one story garage - according to public tax records, the building was constructed in 1983, contains 9,312 square feet of living area and 3,351 square feet of basement space. The property features 6 electric meters, 4 for the apartment units and 2 for the first floor units. Arranged as follows:

Exterior
Masonry and brick construction
Flat-built up roof (new over garage)
Mixed-windows
On-building signage

Interior
Finishes are comprised primarily of drywall, ceramic tile flooring with concrete floor dividers. Arranged as follows:

First Floor (Main Building): Formerly Used as a Church - Large open space, private offices, powder room and commercial kitchen.

Second Floor (Main Building): Arranged for 4 dwelling units and owner's office.

Garage: Open span. Currently rented for $685/mo. to a transportation company

Unfinished basement

Note: The property has sustained fire damage, primarily to the second floor apartment units and roof. Renovation is required.

ANNUAL REAL ESTATE TAXES:
2014-2015 Annual Real Estate Taxes - $6,645.76

TITLE:
The property is in fee simple and is being sold free and clear of all liens.

INSPECTION:
At 10:00 a.m. on the day of the auction. An open house may be scheduled prior to the auction based on demand. Please email info@ajbillig.com or call 410.296.8440 to state your interest in inspecting the property prior to sale.

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 a monthly or 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 agrees to waive the right of inspection for lead paint, as provided under current Federal and State law. 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.

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