"Station North Arts & Entertainment District"

Three Story Commercial Building
Zoned B-5-1, Central Commercial District
3,792 +/- Sq. Ft. with Parking Potential
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Listing Details

Sold Price
$200,000
Auction Date
Auction Time
11:00 AM
Address
1818 Maryland Avenue, Baltimore, MD, 21201
County
Baltimore City
Neighborhood
Station North Arts & Entertainment District
Inspection
At 10:00 a.m. on the day of the auction.
The property is also available to inspect prior to the auction. Please click the above link to open the Waiver, Indemnity and Premises Use Certification form, fill it out, sign it, and return it to the office of the Auctioneer by fax to 410-296-4420 or email info@ajbillig.com. Once the completed form has been received, you will receive inspection instructions via email.
Additional Documents
Financing
See our Financing Page for a list of auction-oriented lenders.
Scroll down for Complete Details, including: property description and Terms of Sale.

REAL ESTATE AUCTION

STATION NORTH
Arts & Entertainment District

Three Story
COMMERCIAL BUILDING
Zoned B-5-1: Central Commercial District
3,792+/- Sq. Ft. ✦ Parking Potential

Sale On Premises
1818 MARYLAND AVENUE
Baltimore City, MD 21201

THURSDAY, FEBRUARY 25, 2016
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:
1818 Maryland Avenue is located in the Charles North neighborhood in central Baltimore City, and is part of the Station North Arts & Entertainment District. Fostered by proximity to Maryland Institute College of Art (MICA), University of Baltimore, Penn Station and the State designation as an Arts & Entertainment District, the area has been undergoing substantial changes for the last 15 years. New MICA buildings and retail development are along both North Avenue and Maryland Avenue, within one-half block of the property. There have also been major renovations to the buildings adjoining the property, and in the rear along Falls Road. The significant changes in the area, end-of-group position of the property, very high commercial zoning and great potential for off-street parking make the auction an excellent opportunity for entrepreneurs, developers, real estate investors, non-profit organizations and home buyers of all types.

For more information about Station North, please visit:
http://www.stationnorth.org/

For more information about Charles North, please visit:
http://livebaltimore.com/neighborhoods/charles-north/
&
https://www.facebook.com/CharlesNorthBaltimore/

SITE:
Rectangular lot - 20' x 140', more or less

20' of road frontage along Maryland Avenue - high visibility for southbound Maryland Avenue  traffic

The north side and rear of the lot front along wide alleys, known as W. Trenton Street and Shirk Alley, that are accessible by car and commercial vehicle from  Falls Road, Maryland Avenue and W. Lafayette Avenue

Fenced rear patio - approximately 55' x 20', with good potential for off-street parking for multiple vehicles

Zoned: B-5-1, Central Commercial District
For more information, see the: Baltimore City Zoning Code

All public utilities

Block Plat

Aerial Photo:
maryland1818 aerial wide

IMPROVEMENT DESCRIPTION:
Three story brick end-of-group commercial building - according to public tax records, the building was constructed in 1900, contains 3,792 square feet of gross building area and 1,396 square feet of basement space. The property is currently arranged as a bar and nightclub, and features exposed brick walls, hardwood floors, tall ceilings, two zoned gas forced air heat with CAC and exposed duct work. Building details are as follows:

Exterior
Brick exterior
Flat-built up roof
Cornice with dentil molding
Commercial windows
Steel fire escape
Canvas awning

Interior
Finishes are comprised primarily of hardwood floors, drywall and some exposed brick walls.

First Floor:

  • Entry foyer
  • Bar area - In-laid bar, mirror, shelving and seating for seven or more. Open table area.
  • Rear kitchen - stainless hood with fire suppression, range oven, refrigerators and two utility sinks. Rear exit.
  • Powder room

Second Floor:

  • Open area - table seating or dance floor
  • Small bar - 4 seats
  • DJ booth
  • 2 powder rooms
  • Office with shower

Third Floor:

  • Open area - formerly used as a lounge
  • Small bar - 4 seats
  • Powder room

Unfinished Basement

ANNUAL REAL ESTATE TAXES:
Published annual real estate taxes are $3,453.46 based on a full value assessment of $146,333.  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 Baltimore City or the Maryland State Department of Assessments & Taxation concerning the appeals process.

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. Showings 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 $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 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 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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