"Northeast Baltimore"

Masonry Garage Building
On 0.25 +/- Acre
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Listing Details

Sold Price
$81,000
Auction Date
Auction Time
11:05 AM
Address
4800 Althea Avenue, Baltimore, MD, 21206
County
Baltimore City
Neighborhood
Northeast Baltimore, Frankford, Waltherson
Inspection
At 10:00 a.m. on 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

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Sean B. Klein, Esquire
Hanley & Grason, LLC
308 W. Pennsylvania Avenue
Towson, MD 21204

ESTATE AUCTION

Northeast Baltimore
MASONRY GARAGE BUILDING
ON 0.25+/- ACRE

Sale On Premises
4800 ALTHEA AVENUE
Corner Southern Avenue
Baltimore City, MD 21206

WEDNESDAY, AUGUST 17, 2016
AT 11:05 A.M.

- Suggested Opening Bid: $50,000 -

Offered in Conjunction with 4805-4811 Belair Road
(click for more details)

    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:
The property is located at the edge of the Frankford and Waltherson neighborhoods in Northeast Baltimore City. The Belair Road corridor has long been a major commercial thoroughfare in the area. Nearby businesses include automotive sales and service, retail sales, offices, banks, restaurants and religious institutions. Surrounding residential properties include single family homes on well-sized lots.  

The building is arranged as a garage with seven roll-up doors. The building has functioned for both one or multiple users, with portions of the interior being partially divided. The property will be sold in conjunction with 4805-4811 Belair Road, immediately adjoining the property, which currently contains a number of commercial tenants. The properties will be offered separately and as an entirety. The auction presents an attractive cash flow opportunity for both users and investors.

For more information about the area, please visit:
http://www.livebaltimore.com/neighborhoods/

SITE:
Four sided lot fronts 60' on Althea Avenue, 184'1" on Southern Avenue and contains 11,040 square feet or 0.253 acre, more or less.

Asphalt and gravel paved

Single story masonry garage building with seven roll-up doors

Public utilities

Zoned R-4, Residential

Currently owner occupied, and used for storage.

ANNUAL REAL ESTATE TAXES:
Published annual real estate taxes are $715 based on a full value assessment of $30,300.

Real property tax information generated from MRIS. The current Baltimore City tax bill combines another property not included in this auction.  

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

MANNER OF SALE:
4805-4811 Belair Road will be offered first, and the bid reserved. 4800 Althea Avenue will be offered second, and the bid reserved. The two properties will then be offered as an entirety. The properties will be sold in the manner generating the greatest result.

TERMS OF SALE:
A $5,000 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 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. 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 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 contract 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. No representations, express or implied, are made with respect to the use of the property, including but not limited to zoning code, area classification, area designation, permitted uses as of right, ancillary uses, special exceptions, use and occupancy or other Federal, State or County permits. 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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