Corporate Liquidations At
PUBLIC AUCTION

DOWNTOWN
OFFICE BUILDINGS

2 Blocks from Baltimore's Inner Harbor

Sales On Premises

Photo of auction property 6-14 S. GAY STREET
Baltimore, MD 21202

RENOVATED
OFFICE BUILDING

18,500± Sq. Ft.
(Former Historic Firehouse)



Photo of auction property 27 S. GAY STREET
Baltimore, MD 21202

RENOVATED
OFFICE/RETAIL BUILDING

4,000± Sq. Ft.
(Parking In Rear)




WEDNESDAY, NOVEMBER 29, 2006AT 11:00 A.M.

       NOTE: 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. Prospective purchasers are encouraged to consult with the appropriate government authorities regarding the permitted uses of the property and perform their own due diligence in advance of the auction. All dimensions and acreage contained herein are more or less.

GENERAL INFORMATION

LOCATION: 

Prime location in the heart of Downtown Baltimore City, in the Downtown Baltimore Business District. Located one block west of "Power Plant Live", two blocks north of Baltimore's famous "Inner Harbor" and the "National Aquarium", adjacent to a new highrise parking garage and condominium project (under construction) known as "414 Water Street" and one block south of the Baltimore Police headquarters. Highway access to I-83 is only three blocks to the north off Gay Street and I-95 is only minutes to the southwest.

For more information on Power Plant Live, visit:
http://www.powerplantlive.com/

For more information on 414 Water Street, visit:
http://www.414waterstreet.com/

For information on the Baltimore Inner Harbor, visit:
http://www.baltimore.to/baltimore.html

For information on Harborplace, visit:
http://www.harborplace.com/html/
or
http://www.baltimore.to/Harborplace/index.html

LOCATION MAP

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


6-14 S. GAY STREET
Photo of

IMPROVEMENT
DESCRIPTION:

Beautiful two story office building with an historic facade. The building was originally constructed as a firehouse, just after the Great Baltimore Fire of 1904. The interior was completely renovated in 1984 to an office building, and in 1997, was renovated again to house Baltimore City Community College.

Now vacant, comprises 18,468 sq. ft. (according to tax records), features a two story atrium reception area, 10'10" ceiling height on each floor, drywall interior with some exposed original firehouse imported Italian mosaic tile, elevator, CAT-5 computer wiring throughout, acoustical tile ceilings with florescent lighting, gas hot water heat and central air. The building has approved air rights to add an additional 9,000 square feet.

BUILDING FLOOR PLANS

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Photos of auction property
ATRIUM PHOTO #1      PHOTO #2
INTERIOR PHOTO #1      INTERIOR PHOTO #1

SITE:

Fronts 99' along S. Gay Street, a rear lot line of 99', with depths of 112'6" and 97'3", comprising 0.244 acre, more or less.
BLOCK PLAT

Gated side alley is part of the subject property site.
Photo of

Serviced by public water, public sewer and natural gas.

Reportedly, the property prior to the Great Baltimore Fire of 1904, was the home of the Carrie A. Nation Woman Suffrage movement and also part of the Underground Railroad.

Note: Fiber optic cable is in along Gay Street.

ZONING:

B-5-2, commercial. The building is zoned for numerous additional uses including it's current configuration for offices.

See: Baltimore City's Zoning Code for more information.

ANNUAL REAL
ESTATE TAXES:


$6,341.

TITLE:

In fee simple; sold free and clear of all liens.

OWNER:

Levering Associates Limited Partnership is the current owner. NOTE: The partnership can be transferred with the sale of the real estate as an entity, saving on transfer costs, taxes, etc.

DEPOSIT:

$100,000 payable by certified or cashier's check will be required of the purchaser at time and place of sale.

INSPECTION:

By appointment with the Auctioneers or at 9:30 a.m. on the day of the auction.


27 S. GAY STREET

Photos of auction property
FRONT VIEW      REAR VIEW
REAR PARKING SPACE

IMPROVEMENT
DESCRIPTION:

Originally constructed in 1917 (third floor was added in 1926), this three story brick end-of-group office/retail building has had only two owners. The building has been newly renovated (completed in 2006), now vacant, comprises 4,117 sq. ft. (according to tax records), and features over 9'6" ceiling height with clear span area on each floor, front and rear staircases, new roof 2005, new drywall, ceilings and lighting.

The first floor is mostly clear span area, has front, side and rear exits, powder room and utility room. The second floor is mostly clear span area, has a rear exit with a steel fire escape, powder room and utility room. The third floor is set up to be a large office. There is a full basement with walk-out, great for storage or finishing.
Photos of auction property
FIRST FLOOR      SECOND FLOOR      BASEMENT

SITE:

Fronts 22'9" along S. Gay Street, with depths of 98'7", comprising 0.05 acre, more or less.
BLOCK PLAT

Serviced by public water, public sewer and natural gas.

Parking pad in the rear of the building

Note: Fiber optic cable is in along Gay Street.

ZONING:

B-5-2, commercial. The building is zoned used for numerous uses including office, retail or restaurant on the first floor, with offices above.

See: Baltimore City's Zoning Code for more information.

ANNUAL REAL
ESTATE TAXES:


$1,279.

TITLE:

In fee simple; sold free and clear of all liens.

OWNER:

27 S. Gay, LLC is the current owner. NOTE: The limited liability corporation can be transferred with the sale of the real estate as an entity, saving on transfer costs, taxes, etc.

DEPOSIT:

$25,000 payable by certified or cashier's check will be required of the purchaser at time and place of sale.

INSPECTION:

By appointment with the Auctioneers or at 9:30 a.m. on the day of the auction.


TERMS OF SALE

       Deposit as stated above payable by certified or cashier's check 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!

Broker participation is invited.
BROKER REGISTRATION FORM