Absolute Auction Above $100,000 "Hilltop - Woodmere - Northwest Baltimore" High Visibility Corner Commercial Building 7,380± SF, Zoned B-3-2, Drive-in Loading

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Listing Details

Sold Price
$205,000
Auction Date
Auction Time
11:00 AM
Address
5400-5402 Reisterstown Road, Baltimore, MD, 21215
County
Baltimore City
Neighborhood
Hilltop - Woodmere, Northwest Baltimore
Scroll down for Complete Details, including: property description, additional photos, and Terms of Sale.

Additional Photos

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ABSOLUTE AUCTION
To The Highest Bidder Over $100,000

 

NORTHWEST BALTIMORE
"Hilltop - Woodmere"

 

High Visibility Corner
COMMERCIAL BUILDING
7,380± SF ◆ Zoned B-3-2 ◆Drive-in Loading
Suitable for Single or Multi-Tenant Occupancy

- LAST SOLD IN 2009 FOR $230,000 -

Sale On Premises
5400-5402 REISTERSTOWN ROAD
Corner Newbern Avenue
Baltimore City, Maryland 21215

THURSDAY, SEPTEMBER 6, 2012
AT 11:00 A.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 and square footage contained herein are more or less.

LOCATION & DIRECTIONS:

5400-5402 Reisterstown Road is located in the community commercial district of northwest Baltimore, surrounded by the Woodmere neighborhood. The property is situated immediately opposite the Hilltop Shopping Center, which has undergone a major renovation over the last few years, and is home to the Motor Vehicle Administration (MVA). The property is just two blocks south of Northern Parkway, and is close to the Jones Falls Expressway (I-83), Baltimore Beltway (I-695) and Metro subway service. The sale represents an opportunity to purchase a corner property with a high level of exposure along Reisterstown Road, that is immediately opposite an MVA with substantial guaranteed traffic.

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

 

SITE AREA

Corner rectangular lot - good visibility from northbound or southbound Reisterstown Road (MD-140)

Fronting 43' on Reisterstown Road

Fronting 100' on Newbern Avenue

Front courtyard

Wide alley in rear

Formerly two lots

Public water, sewer, gas, electricity and telephone


BLOCK PLAT (pdf)

 

IMPROVEMENTS

Adjoining two story in-line commercial buildings with rear two story warehouse extension.  The buildings contain approximately 3,690 square feet on each floor, or approximately 7,380 square feet of gross building area, plus approximately 1,462 square feet of unfinished basement space.  At one time, the building was configured for four commercial units.  It was later configured for a single occupant.  Due to multiple entry doors, the building layout is very flexible and could be arranged for a variety of uses.


Photos of auction property
FIRST FLOOR - WAREHOUSE    INTERIOR ROOM    LOADING DOCK
SECOND FLOOR - WAREHOUSE 


Exterior
Brick, block and stucco
Rubberoid roof over main structure (believed to have been replaced 2009)


Front Portion - approximately 43' x 42'
Gutted down to the studs, and ready for renovation. The property was formerly arranged for entry foyer, private and general office areas, two or more rest rooms, two interior stairways and access to basement


Warehouse Portion - approximately 43' x 44'
Concrete floors
Overhead drive-in door
Overhead door to indoor loading dock
12'11" ceilings on first floor
15' approximate clear span area on first floor
10'6" ceilings on second floor
Interior stairway


Mechanical
Gas hot water and forced air heat (two boilers and a furnace)
Believed to have formerly had CAC (compressors on roof)
Two 30 gallon gas water heaters
Gas, overhead heaters in warehouse
Multiple Breaker Boxes (200 amp. and two 100 amp.)

 

ZONING

B-3-2, Community Commercial District

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

 

REAL ESTATE TAXES

Baltimore City Lot 20/21, Block 4510
Published annual real estate taxes for 2011 were $4,674.

 

TITLE

In fee simple.  Deed Liber FMC 12883, page 465.  The property is sold free and clear of liens.

 

INSPECTION TIME

One hour prior to sale or by appointment. Please contact info@ajbillig.com or 410.296.8440 for inspection inquiries.

 

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 except where otherwise mandated by local, State or Federal law.  Time is of the essence.


NO BUYER'S PREMIUM!

 

FINANCING

See our Financing Page for a list of auction-oriented lenders.