Absolute To The Highest Bidder "Downtown Baltimore" 3 Story Commercial Building Retail Store - 3 Apartments - 75% Occupied

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Listing Details

Sold Price
$230,000
Auction Date
Auction Time
11:00 AM
Address
209 W. Saratoga Street, Baltimore, MD, 21201
County
Baltimore City
Neighborhood
Downtown Baltimore
Scroll down for Complete Details, including: property description, additional photos, and Terms of Sale.

Additional Photos

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Edward C. Covahey, Jr., Attorney
614 Bosley Ave. 21204

Michael E. Glass, Attorney
218 E. Lexington St. 21202

 

ATTORNEYS' SALE
TO THE HIGHEST BIDDER
                                           
DOWNTOWN BALTIMORE

3 STORY COMMERCIAL BUILDING
 75% OCCUPIED

Sale On Premises
209 W. SARATOGA ST.
Between Park Ave. & Howard St.
Baltimore, MD 21201

WEDNESDAY, MARCH 2, 2011
AT 11:00 A.M.

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


        Improved by a 3 story brick storefront commercial building with a retail store which has basement access on the first floor; separate entrance to the upper floors which have three studio apartments.  All units have separate meters and heat.  Current monthly rent: $2,750.00.  Apartment rentals are month to month.  Store rental under lease ending 12/3/11.  Security deposits on all rentals. One apartment is vacant. Property is zoned B-4.  The lot fronts 17'9" with a depth of 73' more or less.  In Fee Simple.


        BLOCK PLAT (pdf)


        TERMS OF SALE:  A deposit by certified check or cashier's check of $15,000 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 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 as of date of sale. All other public charges and assessments payable on an annual basis including sanitary and/or metropolitan district charges to be adjusted for the current year to date of sale and assumed thereafter by the purchaser. The property will be sold in an "AS IS" condition, without express or implied warranty as to the nature and description of the improvements as contained herein. The purchaser assumes risk of loss from day of sale. 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.  The purchaser agrees to waive the right of inspection for lead paint as provided under current Federal and State Laws.  Cost of all documentary stamps, transfer taxes and other costs incident to settlement to be paid by the purchaser.  TIME IS OF THE ESSENCE.  No Buyer's Premium.