REAL ESTATE AUCTION

REMINGTON

Outstanding Corner
COMMERCIAL BUILDING

- Renovation Required -

Formerly 2 Storefronts
With Apartments Above

Photos of auction property
FRONT VIEW     AERIAL VIEW

Sale On Premises
2847-2851
HUNTINGDON AVENUE
Corner W. 29th Street

Baltimore, MD 21211

MONDAY, NOVEMBER 12, 2007
AT 1:00 P.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. Dimension and square footage contained herein are more or less. Prospective purchasers are encouraged to perform their own due diligence regarding the permitted uses of the property.

LOCATION:

The property is located on a high visibility corner, in the "Remington" neighborhood of north-central Baltimore City, five blocks east of the Jones Falls Expressway (I-83 south). W. 29th Street is a major westbound commuter route. The site is located near Johns Hopkins University, the Baltimore Museum of Art, Wyman Park and Hampden.

Link for neighborhood web page:
http://www.livebaltimore.com/nb/list/reming/

Location Map

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

SITE:

Rectangular lot fronting 41'6" on Huntingdon Avenue by 49' on W. 29th Street

All public utilities are available to the site

BLOCK PLAT

BUILDING:

Three story brick end-of-group building with decorative, slate covered mansard roof and steeple. The building is believed to contain approximately 2,000 square feet per floor, totaling 6,000 square feet above grade and 2,000 of basement space.

The structure has been gutted and the basement has been excavated and partially reinforced. The owner has installed a new roof and roof structure. Upper level floor joists have been reinforced. Total build-out is needed.

The first floor was formerly occupied by a tavern and a laundromat. Upper levels are believed to have been apartment units.

ZONING:

B-3-2, Community Commercial District

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

TITLE:

In fee simple. Deed Liber 6943, page 115. The property will be sold free and clear of 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. 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, including taxes, 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 sale 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. Purchaser assumes the risk of loss from the date of sale forward. The purchaser agrees to waive the right of inspection for lead paint, as provided under current Federal and State law. 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.

Broker participation is invited.
BROKER REGISTRATION FORM