Remaindermen's Sale At
PUBLIC AUCTION

WAVERLY AREA

UNIQUE COMMERCIAL PROPERTIES

Automotive Shop Building Office/Warehouse Building



Sale On Premises
420-430 MERRYMAN LANE
Between 3200 Block of Greenmount Avenue & 400 Block of E. 33rd Street
Baltimore, Maryland 21218

TUESDAY, NOVEMBER 1, 2005
AT 11:00 A.M.


LOCATION:

420-430 Merryman Lane is located one-half block south of E. 33rd Street and one-half block west of Greenmount Avenue in the "Abell" neighborhood of Baltimore City. The site is on the eastern edge of Charles Village. Johns Hopkins University is four blocks to the west. The area is a mixture of commercial and residential land uses with extensive redevelopment taking place.

LOCATION MAP

IMPROVEMENTS:

420-422 Merryman Lane comprises a one story brick and block automotive building with attached two story office building. The structure has flat built-up roofs over wooden joists reinforced by a steel I-beam, a stucco rear wall, galvanized rain gutters and downspouts and a chain link fenced front asphalt paved yard. The building comprises approximately 1,335 square feet of first floor and approximately 210 square feet of second floor gross building area. The second floor has a rest room, an unfinished room and is unheated. The first floor has no heat in the office portion and two overhead gas space heaters in the three bay automotive shop. The shop has 7' to 8' ceiling heights, a burglar alarm system, and 100 ampere single phase electrical service. The building and yard are in fair condition. The building is currently rented for $500/month on a month-to-month basis - no lease.



428-430 Merryman Lane consists of a one story concrete block building with brick front. The building adjoins the automotive shop on the east. The structure has a flat built-up roof, galvanized rain gutters and downspouts, and metal casement windows. The building comprises approximately 1,800 square feet of gross building area. The front portion of the building is used as an office, having carpeting over tile floor, plasterboard walls, and a Celotex-type ceiling. There is one partitioned private office. The office areas has one overhead gas space heater and two wall mounted window air conditioning units. The rear of the building has an assembly area with storage, a loading door and two rest rooms. The rear portion has one overhead gas space heater and one window air conditioning unit. The building has 100 ampere single phase electrical service and a 40 gallon gas fired water heater. Two asphalt paved parking spaces adjoin the building. New roof was installed in 2003; new downspouts in 2005. The building is currently vacant.

SITE:

Corner lot fronting approximately 107' along the north side of Merryman Lane and approximately 37' along the east side of Brentwood Avenue, with a rear lot line of 82' and a eastern depth of approximately 106' along an alley, comprising approximately 0.14 acre.

BLOCK PLAT

ZONING:

B-2-3, Community Business District. The automotive repair use of the property is a permitted non-conforming use.

For additional zoning information, see the Baltimore City Zoning Code: http://www.ci.baltimore.md.us/government/legislative/zoning/

TITLE:

In fee simple. The property will be sold free and clear of all liens.

TERMS OF SALE:

A $10,000 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 within 45 days. If payment of the 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 an 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. Dimensions, square footage and acreage contained herein are more or less. Purchaser shall be responsible for obtaining physical possession of the property and assumes the risk of loss or damage to the property from the date of sale forward. The purchaser waives and releases the Sellers, 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 and transfer taxes to be paid by the purchaser. Time is of the essence.

No Buyer's Premium

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