REAL ESTATE AUCTION

NORTHWEST BALTIMORE
INDUSTRIAL BUILDING

12,000 Sq. Ft.± Zoned M-2-1
Fenced Yard

Photos of auction property
FRONT VIEW     AERIAL VIEW

Sale On Premises
3620-3622 WOODLAND AVENUE
Between 4700 Blocks of Reisterstown Road & Wabash Avenue
Baltimore, Maryland 21215

WEDNESDAY, DECEMBER 5, 2007
AT 2:00 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. Dimensions, square footage and acreage contained herein are more or less.

LOCATION:

3620-3622 Woodland Avenue is located in the "Lucille Park" neighborhood, of northwest Baltimore, south of the 4700 block of Reisterstown Road. The property is within walking distance to MTA bus and Metro subway service with an abundant workforce nearby. The site is approximately 6 miles southeast of the Baltimore Beltway (I-695), one mile west of the Jones Falls Expressway (I-83), 3 miles northwest of Downtown Baltimore with convenient inner-city routes.

Location Map

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

SITE:

Nearly rectangular, fairly level lot, fronting approximately 175' along the west side of Woodland Avenue, by a central depth of approximately 114', comprising approximately 19,950 square feet or 0.46 acre of land. The south side of the property is improved by the industrial building, the north side is a chain link fenced yard.

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

BLOCK PLAT (pdf)

LOCATION DRAWING (pdf)

IMPROVEMENTS:

Two story, brick and concrete block, warehouse building, circa 1948 with subsequent additions and alterations. The building is constructed on a concrete slab at grade.

First Floor
Second Floor

Total
9,478 square feet
  2,590 square feet

12,068 square feet

The building is currently vacant and has been used as warehouse and automobile repair facility. The built-up and metal roofs need repair. The first level is primarily warehouse space, the upper level is primarily offices. Finished areas are drywall. Repair from roof prior leaks is needed. Drive-in loading with overhead doors; 4 restrooms; 14' ceilings.

Photos of auction property
FRONT VIEW     SIDE/REAR     LOADING DOOR

ZONING:

M-2-1, General Industrial District, permitting a wide variety of manufacturing and store uses.

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

TAXES:

2008 real property taxes - $5,646.93 (includes adjacent property not included in sale - to be re-assessed.)

TITLE:

In fee simple. The property is 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 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 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