ABSOLUTE AUCTION ABOVE $100,000 "Northwest Baltimore - Lucille Park" Warehouse and Office 8,500+ Sq. Ft., 3 Loading Bays, Fenced Lot - Zoned M-2

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Listing Details

Sold Price
$120,000
Auction Date
Auction Time
1:30 PM
Address
3000 Ridgewood Avenue, Baltimore, MD, 21215
County
Baltimore City
Neighborhood
Lucille Park
Scroll down for Complete Details, including: property description and Terms of Sale.

- ABSOLUTE ESTATE AUCTION -
TO THE HIGHEST BIDDER OVER $100,000

 

WAREHOUSE AND OFFICE
8,500+ Sq. Ft.  Zoned M-2
Three Bays - Fenced Lot - Parking

 

NORTHWEST BALTIMORE
Lucille Park Neighborhood

Sale on Premises
3000 RIDGEWOOD AVENUE
Off 4500 Reisterstown Road
Baltimore City, Maryland 21215

THURSDAY, MAY 13, 2010
AT 1:30 P.M.


        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.  DIMENSIONS AND SQUARE FOOTAGE CONTAINED HERE ARE MORE OR LESS.

LOCATION & DIRECTIONS:

The property is located two blocks from both Reisterstown Road and W. Cold Spring Lane, less than two miles from the Jones falls Expressway (I-83), and under five miles south of the Baltimore Beltway (I-695). Metro subway and bus services are within walking distance. Area properties are a mix of industrial and residential uses, with the most proximate commercial properties used as storage yards, construction operations, automotive uses and other general commercial enterprises.

For directions from your location, visit: maps.google.com

 

SITE AREA

The site fronts 50' along Ridgewood Avenue, with depths of 220', bounded along the rear 50' by Alexander Avenue. Total lot size comprises 11,000 square feet, or just over 0.25 acre.


Fenced, gated front lot with parking for approximately five vehicles. There are two large overhead doors in the front of the building.


Loading dock, with access via Alexander Avenue, with additional overhead door. Concrete parking area for approximately eight cars.


Gas, electric and public utilities are in the property.


BLOCK PLAT (pdf)


SURVEY (pdf)

 

IMPROVEMENTS

Single story brick and masonry in-line building contains 8,536 square feet, according to public tax records. The building has most recently been used as a construction office and materials warehouse, with some portions of the building divided for lease. The property is arranged as follows:
 


Office:

  • Entry foyer and waiting room, carpet
     
  • Restroom
     
  • Conference Room, carpet
     
  • Utility Room with flush and utility sink
     
  • Private office, carpe
     t
  • Separate forced air heat and CAC
     
Photos of auction property
PRIVATE OFFICE    CONFERENCE ROOM


East Warehouse Space:

  • Largely open span, with rear sections divided with drywall, concrete floors
     
  • Approximate 14' ceiling heights
     
  • Overhead Door
     
  • Large storage room at rear loading dock, additional overhead door
     
  • Restroom
     
  • Front and rear exits
     
  • Forced air heating units with additional overhead space heaters
     
Photos of auction property
FRONT ENTRANCE    STORAGE ROOM    HALLWAY    BATHROOM    REAR LOADING DOCK    FURNACE


West Warehouse Space:

  • Divided into a tailor’s office, carpet
     
  • Additional storage room
     
  • Overhead door
     
  • Access via office
     
  • Shared restroom with office
     
  • Forced air heat
     
Photos of auction property
TAILOR SHOP - PHOTO #1    PHOTO #2


The property has extensive electrical service, with approximately 6 breaker boxes.
Photos of auction property

 

ZONING

M-2-1, industrial.


For more information, see the: Baltimore City Zoning

 

REAL ESTATE TAXES

2009 published real estate taxes were $2,182, based on a full value assessment of $91,666.

 

TITLE

In fee simple; sold free and clear of all liens. Deed Liber FMC 5925, folio 301.

 

INSPECTION TIME

By appointment, and 12:30 p.m. on the day of the auction.

 

TERMS OF SALE

Deposit payable by certified or cashier's check of $10,000 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. The purchaser agrees to waive the right of inspection for lead paint as provided under current Federal and State Law. Recordation costs, transfer taxes and all costs incidental to settlement to be paid by the purchaser. TIME IS OF THE ESSENCE.


NO BUYERS PREMIUM!


Auction by order of the Estate of Roosevelt LaBoo,
by Deborah LaBoo, Personal Representative


Broker participation is invited.
BROKER REGISTRATION FORM (pdf)

 

FINANCING

Call for pre-qualification:

Mr. Craig Kessler
Equity Mortgage

2 Park Center Court - Suite 200
Owings Mills, Maryland  21117
410-654-3900 direct
410-581-5814 fax
ckessler@equitymortgagelending.com