Real Estate Auction

WEST BALTIMORE
INDUSTRIAL PROPERTY

2.717 Acres±Zoned M-2-2
Over 30,000 Sq. Ft. Under Roof


Photos of auction property
FRONT DOOR      SIDE VIEW      LOADING DOCK      INTERIOR

Sale On Premises
200 S. FRANKLINTOWN ROAD
Off 2500 W. Baltimore Street
Baltimore, Maryland 21223

WEDNESDAY, NOVEMBER 8, 2006
AT 11:00 A.M.


LOCATION:

200 S. Franklintown Road is situated in the "Shipley Hill" neighborhood of west Baltimore, approximately 1.5 miles north of I-95 Exit 50. The site is approximately 2.5 miles west of Downtown Baltimore. Good highway linkage provides access to the Baltimore Beltway (I-695), Fort McHenry Tunnel and BWI Airport. The property is also served by abundant city routes and good employment base.

LOCATION MAP & DIRECTIONS

SITE:

2.717 acres, more or less, situated along the west side of Franklintown Road, opposite W. Pratt Street. A CSX railroad line (no spur) and Gwynns Falls Park bound the rear (west side) of the site. The lot fronts 218.5' along Franklintown Road, by a depth of approximately 391.5' more or less. The lot is fairly level, approximately 75% clear and chain link fenced. The building improvements bound the north and south sides of the parcel. A portion of the yard is asphalt paved.

BLOCK PLAT

Utilities - public water, sanitary sewer, gas, electricity, telephone

FEMA Flood Map Panel No. 2400870010D - Zone X
(beyond 100-year flood)   FLOOD MAP

ZONING:

M-2-2, General Industrial District

For more information, see the:
Baltimore City Zoning Code (pdf)

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IMPROVEMENTS:

The property was formerly improved by a series of manufacturing and loft buildings. Most have been removed. Existing structures include:

One story concrete block manufacturing building, over 20,000 square feet, including some finished area, additional mezzanine storage, covered loading dock, single and three-phase electrical service, heavy concrete floors, built-up roofs, ceiling heights over 20';

Photo of

and

Brick and block storage buildings in varying condition.
Photo of

ENVIRONMENTAL:

A Phase I Environmental Report is available. Please complete the Confidentiality Waiver below and a PDF copy will be emailed.

CONFIDENTIALITY WAIVER (pdf)

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OCCUPANCY:

The property is currently vacant and was most recently used for granite and stone fabrication.

TERMS OF SALE:

A $25,000 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 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 as of date of sale. 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 the risk of loss or damage to the property 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 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 Seller or Auctioneers. Recordation costs, transfer taxes and all other costs incident to settlement to be paid by the purchaser. Time shall be of the essence for the purchaser. A 5% buyer's premium shall be added to the final bid price.

Broker participation is invited.
BROKER REGISTRATION FORM