Absolute Auction Above $70,000 Free-Standing, Brick Office Building & Detached Brick 4-Bay Garage

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Listing Details

Sold Price
$72,000
Auction Date
Auction Time
2:00 PM
Address
5839 Belair Road, Baltimore, MD, 21206
County
Baltimore City
Neighborhood
Northeast Baltimore
Scroll down for Complete Details, including: property description, additional photos, and Terms of Sale.

Additional Photos

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 Estate & Trustees'
ABSOLUTE AUCTION

To The Highest Bidder Above $70,000!
"Northeast Baltimore"

Free-Standing, Brick
OFFICE BUILDING

& Detached Brick 4-Bay Garage

 

Zoned B-3-1 - Heavy Commercial

Sale On Premises
5839 BELAIR ROAD
"Cedmont Neighborhood"
Corner of Glenarm Avenue
Baltimore, MD 21206

WEDNESDAY, SEPTEMBER 29, 2010  AT 2:00 P.M.


NOTE:  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 contained herein are more or less.

LOCATION & DIRECTIONS:

Great northeast Baltimore location, just minutes south of I-695 (Exit 32), less than two miles from I-95 and 15 minutes from the Downtown Baltimore business district.  Belair Road has always been the main commercial gateway for the community with retail stores, restaurants, automotive facilities, etc.  The Cedmont neighborhood lies just north of the Frankford neighborhood.

Photos of auction property
STREET SCENE #1    STREET SCENE #2

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

 

SITE AREA

The lot fronts 25'8" along Belair Road, 144'7" along Glenarm Avenue, with an additional depth line of 143'11" and a rear lot line of 41'11", more or less


BLOCK PLAT (pdf)


Public water, public sewer and natural gas


Detached 4-bay brick garage building in the rear fronting on a 20' alley

 

IMPROVEMENTS

Attractive brick corner office building (3,494 square feet, according SDAT tax records) features vinyl double glazed windows, paneled walls, acoustical drop ceiling with flourescent lighting, gas hot water heat , central air conditioning (first floor) and contains 3,494 interior square feet. The interior is laid out as follows:


First Floor

  • Entry Foyer
     
  • 4 - Office Areas
     
  • Kitchen
     
  • Full Bathroom


Second Floor

  • 3 - Private Offices
     
  • Finished File Room
     
  • Storage/Supply Room
     
  • Full Bathroom


Third Floor

  • 3 - Finished Rooms (one with a sink, all used for storage)


Basement (Access from interior and exterior)

  • Knotty Pine Paneled Storage Room with private powder room
     
  • Large Storage Room with shelving
     
  • Utility/Storage Room

 

ZONING

B-3-1, heavy commercial use (last recorded permitted use was for offices)


Check with the Baltimore City Office of Planning and Zoning 410-396-4126 for a list of permitted uses or visit:
http://www.baltimorecity.gov/Government/CityCharterCodes.aspx

 

REAL ESTATE TAXES

Annual taxes - $3,572 (based on a full value tax assessment of $150,100)

 

TITLE

In fee simple; sold free and clear of all liens

 

INSPECTION TIME

By appointment only or 1:00 p.m. on the day of the auction.

 

TERMS OF SALE

Deposit payable by certified or cashier's check of $7,500 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 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 existing zoning and 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 Sellers, 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 Sellers are 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 Sellers or Auctioneer.  Recordation costs, transfer taxes and all costs incidental to settlement to be paid by the purchaser. TIME IS OF THE ESSENCE.  NO BUYERS PREMIUM!


Broker participation is invited.
BROKER REGISTRATION FORM (pdf)