"Mount Vernon - Antique Row"

Two and One-Half Story Commercial Building
Zoned B-5-1: Central Commercial District
4,630 +/- Sq. Ft. GBA with 5-6 Car Parking
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Listing Details

Sold Price
$125,000
Auction Date
Auction Time
11:00 AM
Address
815 N. Howard Street, Baltimore, MD, 21201
County
Baltimore City
Neighborhood
Mount Vernon, Antique Row
Inspection
The building may be inspected 1 hour prior to the auction, and by appointment, per the instructions below.
Please click the above link to open the Waiver, Indemnity and Premises Use Certification form, fill it out, sign it, and return it to the office of the Auctioneer by fax to 410-296-4420 or email info@ajbillig.com. Once the completed form has been received, you will receive inspection instructions via email. Inspection requests are normally answered Monday-Friday 9 am-4 pm.
Additional Documents
Financing
See our Financing Page for a list of auction-oriented lenders.
Scroll down for Complete Details, including: property description, additional photos, and Terms of Sale.

Additional Photos

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REAL ESTATE AUCTION

MOUNT VERNON

"Antique Row"

Two and One-Half Story
COMMERCIAL BUILDING
Zoned B-5-1: Central Commercial District
4,630+/- Sq. Ft. GBA ✦ 5-6 Car Parking

Sale On Premises
815 N. HOWARD STREET
Baltimore City, MD 21201

TUESDAY, JULY 26, 2016
AT 11:00 A.M.

- Suggested Opening Bid: $75,000 -

    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.  Prospective purchasers are encouraged to perform their own due diligence, in advance of the auction, regarding the permitted uses of the property.

LOCATION:
815 N. Howard Street is located in the Mount Vernon neighborhood in Baltimore City. Mount Vernon has always been a vibrant core for Baltimore, featuring grand monuments and statues, impressive architecture, major businesses, an impeccable music and art scene, great restaurants and much more. The Central Business District is immediately to the south, University of Maryland Baltimore is immediately to the southwest, University of Baltimore and Maryland Institute College of Art are to the north. The 800 block of N. Howard Street, and a portion of 200 W. Read Street, is known as Antique Row due to the long tradition of independently owned antiques businesses that have called the location home for the last hundred years. University of Maryland Medical System's Maryland General Hospital sits opposite Antique Row, and the Eubie Blake Jazz and Cultural Center is in the center of the block.

The semi-detached building has ample exposure along N. Howard Street and Tyson Street in the rear. The building functions as a blank canvas for commercial users, as a live work space or redevelopment into a multi-unit investment. The rear of the property has a paved area for 1-2 cars, and a fenced area that could easily be converted for 3-4 more spaces. The ready access to the rapidly expanding residential population, numerous proximate public transportation options and major institutions further enhance the property's potential.

For more information about Mount Vernon, please visit:
http://livebaltimore.com/neighborhoods/mount-vernon/

SITE:
Rectangular lot - 20' x 167'

20' road frontage along Howard Street - great visibility for northbound Howard Street traffic

Bounded in the rear by Tyson Street

Asphalt paved parking area for 1-2 cars, with expansion potential for 3-4 more vehicles

Zoned: B-5-1, Central Commercial District
For more information, see the Baltimore City Zoning Code.

All public utilities

IMPROVEMENT DESCRIPTION:
Two and one-half story brick building with two story rear addition - according to public tax records the building was constructed in 1900, and contains 4,630 square feet of gross building area. The building features a brick and concrete exterior, flat built up roof (pitched at the front), wood double hung windows, dual front entrances and rear entrance. The first floor front is arranged as an office. The second and third floor fronts are arranged for two one bedroom apartment units. The two story rear portion of the building is arranged for manufacturing space. The building is in need of renovation.

TAXES:
Current annual real estate taxes are $6,616.74 based on a full value assessment of $276,133. Purchasers may petition for a reduction in the assessment of their property in conjunction with a purchase price substantially less than the currently assessed value of the property.  Purchasers are encouraged to contact the Maryland State Department of Assessments & Taxation concerning the appeals process, and may see the following link for helpful information:
http://dat.maryland.gov/realproperty/Pages/Assessment-Appeal-Process.aspx

TITLE:
The property is in fee simple; and is being sold free and clear of all liens.

TERMS OF SALE:
A $7,500 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 deposit or 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 contract to date of settlement. All adjustments, including taxes, all other public charges and assessments payable on a monthly or annual basis, and sanitary and/or metropolitan district charges, if any, to be adjusted for the current year to date of contract 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 contract forward. The Purchaser agrees to waive the right of inspection for lead paint, as provided under current Federal and State law.  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. No representations, express or implied, are made with respect to the use of the property, including but not limited to zoning code, area classification, area designation, permitted uses as of right, ancillary uses, special exceptions, use and occupancy or other Federal, State or City permits. 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.

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