Real Estate Auction

DOWNTOWN
Prime Location!

COMMERCIAL
BUILDING

4,482 Sq. Ft. ±Zoned B-4-2

Photos:    FRONT VIEW      STREET VIEW EAST      STREET VIEW WEST

Sale On Premises
215 E. BALTIMORE STREET
Off Calvert Street
BALTIMORE, MD 21202

TUESDAY, SEPT. 27, 2005
AT 11:00 A.M.


       THE INFORMATION CONTAINED HEREIN HAS BEEN OBTAINED FROM SOURCES DEEMED RELIABLE AND BELIEVED TO BE ACCURATE. HOWEVER, NO EXPRESS OR IMPLIED WARRANTY IS MADE AS TO THE ACCURACY OF THESE REPRESENTATIONS.

GENERAL INFORMATION

LOCATION:

Prime location in the heart of Downtown Baltimore City. Located on a retail block, the property is situated within several blocks of Baltimore's famous Inner Harbor, and in the heart of Baltimore's business district. Public transportation is in front of the property.

For a profile of Downtown Baltimore, visit:
http://www.livebaltimore.com/nb/list/downtn/
or:
http://www.baltimore.to/baltimore.html

LOCATION MAP

For directions from your location, visit:
http://www.mapquest.com/directions/main.adp

SITE:

18' x 103'6", more or less
Serviced by public water & public sewer

BLOCK PLAT

ZONING:

B-4-2, commercial.

For zoning code information, see:
http://www.ci.baltimore.md.us/government/legislative/zoning/

IMPROVEMENT
DESCRIPTION:

Three story brick & masonry building (former Apex Cleaners) has 1,872 sq. ft. of retail area on the first floor; unimproved second and third floors; full basement; heatpump and central air. The building is in need of renovation and has a covenant that it cannot be used as a dry cleaners until 9/27/2015.

ANNUAL REAL
ESTATE TAXES:


$4,967

ENVIRONMENTAL
CONDITION:

The Phase I and Phase II environmental site reports are available for inspection at the office of the Auctioneers.

TITLE:

In fee simple; sold free and clear of all liens

INSPECTION:

10:00 a.m. on the day of the auction

TERMS OF SALE

       Deposit payable by certified or cashier's check of $25,000 will be required of the purchaser at time and place of sale. The deposit is to be increased to 10% of the purchase price within 24 hours at the office of the Auctioneers. Balance to be paid in cash within 45 days. If payment of the balance does not take place within the specified time, the deposit will be forfeited and the property may be resold at the risk and expense of the defaulting 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. Taxes and all other public charges and assessments, payable on an annual basis, including 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, without express or implied warranty as to the nature and description of the improvements as contained herein; and subject to easements, agreements, restrictions or covenants of record affecting same, if any. Purchaser assumes 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 Auctioneer. Cost of all recordation and transfer taxes to be paid by the purchaser. TIME IS OF THE ESSENCE. NO BUYERS PREMIUM!