Absolute Estate Auction Over $75,000 "North Baltimore - York Road Corridor" Four Bay Automotive Shop Paved Parking, 2 Curb Cuts, Zoned B-2-2

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Listing Details

Sold Price
$180,000
Auction Date
Auction Time
11:00 AM
Address
501 Radnor Avenue, Baltimore, MD, 21212
County
Baltimore City
Neighborhood
North Baltimore
Scroll down for Complete Details, including: property description, additional photos, and Terms of Sale.

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The Law Offices of Erika E. Cole, LLC
Brookside Commons
9433 Common Brook Road, Suite 208
Owings Mills, MD 21117

ABSOLUTE ESTATE AUCTION
To The Highest Bidder Over $75,000

NORTH BALTIMORE
York Road Corridor

 

Four Bay, Masonry
AUTOMOTIVE SHOP
Paved Parking ✦ 2 Curb Cuts
- Zoned B-2-2 -

Sale On Premises
501 RADNOR AVENUE
(a/k/a 4811 York Road)
Corner York Road
Baltimore City, MD 21212

TUESDAY, JANUARY 15, 2013
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, 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 & DIRECTIONS:

The property is located in North Baltimore City along the commercial section of York Road in a neighborhood known as Richnor Springs. The property sits at the corner of York Road and Radnor Avenue, a short distance north of Cold Spring Lane. The area features many different types of businesses, including professional buildings, shopping centers, restaurants and various types of retail operations. Surrounding neighborhoods include Guilford, Homeland, Winston-Govans and Wilson Park. Loyola University and the College of Notre Dame of Maryland are both a very short distance to the west. The location offers great road frontage on a commercial section of York Road, with many potential customers living and working nearby.


For more information:
http://www.livebaltimore.com/neighborhoods/list/richnorsprings/

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

 

SITE AREA

The property is located at the southeast corner of Radnor Avenue and York Road.  The site fronts 151' on York Road, with depths of 48' and a rear lot line of 15', comprising approximately 7,248 square feet of land


Zoning B-2-2, Community Business District - permitting a variety of residential and commercial land uses


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


All public utilities are at the site


On-site parking for approximately 10 cars


Two curb cuts on York Road


BLOCK PLAT (pdf)

 

IMPROVEMENTS

One story masonry building contains 2,606 square feet, according to public tax records, and is arranged as follows:

  • Central Office Area & Restroom - concrete floors, paneling & gas forced hot air heat
     
  • North Wing - 2 drive-in (8' x 8') bays; 12'-14' ceiling heights; loft storage area; concrete flooring; 2 auto lifts; overhead space heater
     
  • South Wing - 2 drive-in (8' x 8') bays; 10' ceiling height; concrete flooring; auto lift; storage room; gas forced air heat

 

REAL ESTATE TAXES

Published taxes for 2012 were $3,363,  based on a full value assessment of $141,300.  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://www.dat.state.md.us/sdatweb/appeal.html

 

TITLE

In fee simple, sold free and clear of liens.  Deed Liber RHB 3095, folio 611.

 

INSPECTION TIME

The building will be open for inspection one hour prior to the time of sale.

 

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 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, ground rent, 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.  Time is of the essence.


NO BUYER'S PREMIUM

 

FINANCING

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