"Northeast Baltimore"

Mixed-Use Building
Zoned B-1-2 Commercial
Parking & Pole Sign
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Listing Details

Sold Price
$57,750
Auction Date
Auction Time
11:45 AM
Address
5852 Belair Road, Baltimore, MD, 21206
County
Baltimore City
Neighborhood
Northeast Baltimore
Inspection
The property will be open 30 minutes prior to sale 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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REAL ESTATE AUCTION

NORTHEAST BALTIMORE

MIXED-USE BUILDING:
Zoned B-1-2 Commercial
Parking & Pole Sign

Sale On Premises
5852 BELAIR ROAD
Baltimore City, MD 21206

THURSDAY, MAY 19, 2016
AT 11:45 A.M.

- Suggested Opening Bid: $35,000 -

    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:
5852 Belair Road is located in the Glenham-Belhar neighborhood, opposite Cedmont, in northeast Baltimore City. The location is a short distance south of Overlea. The property is part of a commercial strip featuring retail stores, service businesses, restaurants and offices. According to the Maryland State Highway Administration map, the traffic count along that section of Belair Road is roughly 21,000 cars per day. The Baltimore Beltway (I-695) is approximately two miles to the north. The building is arranged for retail or office use on the first floor, and a two story apartment above.

For more information, please see:
http://www.livebaltimore.com/neighborhoods/

SITE:
Rectangular lot: 19' x 90'

Rear parking pad for 2 vehicles

4' x 6' (approx.) pole sign

Serviced by public water, public sewer and natural gas

Zoned B-1-2, Neighborhood Commercial

For more information, see the Baltimore City Zoning Code

IMPROVEMENT DESCRIPTION:
Three story stone front inside-group storefront building - according to public tax records, the building was constructed in 1925. The building is arranged for a retail space on the first floor, and apartment on the upper two floors. Features include vinyl-clad replacement windows, MDE lead certificate, security features, front and rear exits to both units.

Commercial Space -

  • Finishes are carpet, paneling and drop ceiling
  • Entry foyer - security door, plexiglass enclosure and window
  • Large retail or office area with display cases
  • Powder room
  • Storage area
  • Safe
  • Walk-out to rear porch and parking area

Apartment -

First Floor:

  • Enclosed front porch
  • Living room - carpet
  • Dining room - carpet
  • Kitchen - laminate floor
  • Powder room

Second Floor:

  • Bedroom - carpet
  • Bedroom - carpet, two closets and fan
  • Laundry room - could be used as a third bedroom
  • Bathroom - laminate floor
  • Hall closet

Mechanical
Single gas boiler for both units
Window a/c

Note: Commercial unit is vacant. Residential unit is currently rented for $300/mo., on a month to month lease to an associate of the owner. The new purchaser can make occupancy arrangements with the tenant and current owner prior to closing.

ANNUAL REAL ESTATE TAXES:
Published annual real estate taxes are $2,001.28 based on a full value assessment of $84,800.  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 the Maryland State Department of Assessments & Taxation concerning the appeals process, and may see the following link for helpful information
http://dat.maryland.gov/realproperty/Pages/Assessment-Appeal-Process.aspx

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

INSPECTION:
30 minutes prior to sale on the day of the auction only.

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. Interest to be charged on the unpaid purchase money, at the rate of 12% per annum, from date of contract 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 contract 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 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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