Absolute Auction Above $200,000 "Brooklyn" Commercial Center Retail Spaces, Church, Apartment 14,000+ Sq. Ft., Zoned B-2-2, On-Site Parking

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Listing Details

Sold Price
$210,000
Auction Date
Auction Time
11:00 AM
Address
100 & 110 E. Patapsco Avenue, Baltimore, MD, 21225
County
Baltimore City
Neighborhood
Brooklyn
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 Above $200,000

- Brooklyn -
COMMERCIAL CENTER
Retail SpacesChurchApartment

 

$64,440 GROSS ANNUAL RENT - 100% OCCUPANCY
14,000+ Sq. Ft. Zoned B-2-2On Site Parking

 

Sale On Premises
100 & 110 E. PATAPSCO AVENUE
Baltimore, MD 21225

THURSDAY, DECEMBER 5, 2013
AT 11:00 A.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.  ALL DIMENSIONS AND ACREAGE CONTAINED HEREIN ARE MORE OR LESS. 


GENERAL INFORMATION


LOCATION:

The shopping center is at the southeast corner of E. Patapsco Avenue and S. Hanover Street, and at the southern tip of Baltimore City in the Brooklyn neighborhood.  Situated just 4 blocks north of Ritchie Highway (MD-Route 2) and Anne Arundel County, the site is approximately 3 miles northeast of BWI airport with direct access from Maryland Route 170 (Ft. Meade Road which becomes Belle Grove Road and ends at Hanover Street).  The Inner Harbor and the Downtown business district are less than 2 miles to the northeast.  The center has convenient access to the Baltimore Beltway (I-695 - Exit 3A) just 2 miles to the south, Harbor Tunnel Throughway (I-895, leading to I-95) only 1 block to the north and I-97.


A new multi-million dollar area development plan is in the works as outlined by the Baltimore Development Corporation (BDC) known as Brooklyn Town Center, within one block of the subject site.  According to a press release, "Brooklyn Town Center is a proposed mixed-use residential and commercial town center designed to create a new focal point for the Brooklyn-Curtis Bay neighborhood. The development would consist of six new buildings that include: 168 market-rate residential condominium/apartment units that wrap around a six-floor 300-space parking garage with 50,000 square feet of commercial space on the ground level designated for a full-service grocery store; 56 market-rate residential units in four floors on top of 15,000 square feet of commercial space; 96 subsidized senior housing units in a four-floor building with 60 ground-level garage spaces; and three 8,000 square foot single-story freestanding retail buildings." 


For more information, on this future development, visit:
http://www.baltimoredevelopment.com/assets/files/1/files/urps/brooklyn_curtis_bay-.pdf

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


SITE:

100 E. Patapsco Avenue (Ward 25, Section 6, Block 7037A, Lot 1) - Irregularly shaped parcel fronting 76'8" along E. Patapsco Avenue, 88' along S. Hanover Street and 28' along a 30' wide alley, comprising 7,400 square feet, more or less.


110 E. Patapsco Avenue (Ward 25, Section 6, Block 7037A, Lot 3) - Rectangularly shaped parcel measuring 23'4" along E. Patapsco Avenue by 60' along a 30' wide alley, comprising 1,400 square feet, more or less.


Paved parking behind 110 E. Patapsco Avenue


Serviced by public water, public sewer and natural gas


BLOCK PLAT (pdf)


IMPROVEMENT DESCRIPTION:

  • 100 E. Patapsco Avenue
    Interconnecting one and two story brick and masonry commercial buildings which were completely renovated.   Currently the buildings are used as a church on the first floor, retail on the second floor, and is arranged as follows:

  • First Floor:
    • Large entry reception room
      Photos of auction property
       
    • Banquet Room
      Photos of auction property
       
    • Church Hall with stage

       


       

    • Updated Kitchen
      Photos of auction property
       
    • Sound Room
       
    • Large L-Shaped Office - Used as Pastor's Office
      Photos of auction property
       
    • Private Office
      Photos of auction property
       
    • Private Dining Room
       
    • Waiting Room
      Photos of auction property
       
    • Retail Room with back room (formerly known as 108 E. Patapsco Avenue)
      Photos of auction property
       
    • Updated His and Hers Rest Rooms

       


       


  • Second Floor (interior access and exterior access from E. Patapsco Avenue):
    • Large Retail Sales Area
      Photos of auction property
       
    • Private Office
      Photos of auction property
       
    • 2 - Dressing Rooms
      Photos of auction property
       
    • Powder Room

  • 110 E. Patapsco Avenue
    Two story brick commercial building which has been completely renovated.  Currently the building is leased as a tattoo parlor on the first floor, an apartment on the second floor,  and is arranged as follows:

  • First Floor (Positiv Image Tattoo):
    • Waiting Room
      Photos of auction property
       
    • Front Office
      Photos of auction property
       
    • 2 - Private Rooms

       


       

    • 2 - Interconnecting Rooms
      Photos of auction property
       
    • Rear Kitchen
       
    • Powder Room

  • Second Floor (Apartment):
    • Living Room
    • Dining Room
    • Kitchen
    • 2 - Bedrooms
    • 2 - Baths


ANNUAL REAL ESTATE TAXES:

100 E. Patapsco Avenue (Ward 25, Section 6, Block 7037A, Lot 1):
Annual Real Estate Taxes 2013-2014:  $6,450


110 E. Patapsco Avenue (Ward 25, Section 6, Block 7037A, Lot 3):
Annual Real Estate Taxes 2013-2014:  $1,522


RENTAL INFORMATION:

100-106 E. Patapsco Avenue First Floor - Leased for $1,800 per month


108 E. Patapsco Avenue First Floor and Entire Second Floor - Leased for $1,600 per month


110 E. Patapsco Avenue First Floor - Leased for $1,270 per month


110 E. Patapsco Avenue Second floor - Leased for $700 per month


ZONING:

B-2-2, community business (could be used as retail, offices and/or residential).  Check with the Baltimore City Office of Planning and Zoning for complete potential and permitted uses for the property (410-396-4126) or visit:
http://cityservices.baltimorecity.gov/charterandcodes/Code/Art%2000%20-%20Zoning.pdf 


TITLE:

In fee simple; sold free and clear of all liens


INSPECTION:

10:00 a.m. on the day of the auction


MANNER OF SALE:

To be sold as an entirety only.


TERMS OF SALE:

Deposit payable by certified or cashier's check of $20,000 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 office of the Auctioneers.  Balance to be paid in cash at settlement, which shall take place 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. 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 settlement and assumed thereafter by the purchaser. Rents will be adjusted as of date of settlement.  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 the rights of the existing tenants 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 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.  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.  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 BUYERS PREMIUM!


Auction by order of:
Patapsco Avenue Properties LLC


FINANCING:

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