"West Baltimore - I-95 Corridor"

Industrial Complex
11,720 +/- Sq. Ft., Zoned M-1-2
$44,318 Gross Annual Rentals
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Listing Details

Sold Price
$440,000
Auction Date
Auction Time
11:00 AM
Address
800 Desoto Road, Baltimore, MD, 21223
County
Baltimore City
Neighborhood
West Baltimore, I-95 Corridor
Additional Documents
Please return the signed Waiver and Confidentiality Agreement (click above link) to receive a copy of Rent Roll and Leases.
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 

★I-95 CORRIDOR★
$150,000 Suggested Opening Bid

West Baltimore
INDUSTRIAL COMPLEX
11,720± Sq. Ft. ◆ Zoned M-1-2

$44,318 Gross Annual Rentals

Sale On Premises
800 DESOTO ROAD
Off 3000 Wilkens Avenue
Baltimore, MD 21223

WEDNESDAY, JULY 13, 2016
AT 11:00 A.M.

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:
800 Desoto Road, is located one block east of Caton Avenue and one block north of Wilkens Avenue in the Gwynns Falls neighborhood of far western Baltimore City.  The property is less than one mile north of I-95 Exit 50 (between I-695 and Ft. McHenry Tunnel).  The surrounding neighborhood is a mixture of commercial, industrial and residential land uses.  The St. Agnes Hospital Campus is one block west of the site.  Cardinal Gibbons and Seton Keough High Schools are opposite the property on Wilkens Avenue.  

A traffic light is located at the corner of Desoto Road and Wilkens Avenue, providing easy access to the site from eastbound or westbound Wilkens Avenue.  Regularly scheduled public bus transportation is less than one block walk.  The property is located at the end of Desoto Road - see block plat, with excellent highway access to Downtown Baltimore, BWI Airport and the surrounding  metropolitan area.

SITE:
1.725 acres
Public water, sewer, gas, electricity, telephone, cable
Chain link fenced
Asphalt and gravel paved parking lot
No underground storage tanks (No USTs)

Block Plat

IMPROVEMENTS & OCCUPANCY:
The property is improved by two, one story concrete block industrial buildings, built around 1960 and family owned since construction.

800-802-804-806 Desoto Road - approximately 8,000 square feet of gross building area, built-up roof over wood joists, two loading docks and one drive-in entrance with overhead doors, gas forced air heat in office areas, overhead gas space heaters in warehouse, rest rooms, 13' clear ceiling heights and concrete floors.  The building is configured for four tenant spaces.   Three are occupied by an appliance reseller and one is occupied by Comcast.

801 Desoto Road - approximately 3,720 square fee of gross building area, built-up roof over metal joists, five drive-in loading with overhead doors, 13' - 15' clear ceiling heights, gas forced air heat and concrete floors.  The building is occupied by the appliance reseller.

Each tenant space is separately metered.  Landlord pays for taxes, insurance and exterior maintenance.  

Please return the signed Waiver and Confidentiality Agreement to receive a copy of Rent Roll and Leases.

TITLE:
The property is in fee simple and sold free and clear of liens.  Baltimore City Deed Liber 0841, Page 121.

TAXES:
Published annual real estate taxes are $5,111.76.

TERMS OF SALE:
A $15,000 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, rents, 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 and subject to the rights of the existing tenants.  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. 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.

No buyer’s premium.