"Charles North - Station North Arts and Entertainment District"

Three Story Commercial Building Shell 3,777± Sq. Ft., Zoned B-5-1, On-Site Parking
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Listing Details

Sold Price
$105,000
Auction Date
Auction Time
2:00 PM
Address
1817 Maryland Avenue, Baltimore, MD, 21201
County
Baltimore City
Neighborhood
Charles North, Station North Arts & Entertainment
Scroll down for Complete Details, including: property description, additional photos, and Terms of Sale.

Additional Photos

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Real Estate Auction
At the Risk & Expense of the Defaulting Contract Purchaser
                                
CHARLES NORTH
Station North Arts & Entertainment District

Three Story Commercial
BUILDING SHELL
3,777± Sq. Ft. ◆ Zoned B-5-1
On-Site Parking

Sale On Premises
1817 MARYLAND AVENUE
Off 100 W. North Avenue
Baltimore, MD 21201

WEDNESDAY, JANUARY 9, 2013
AT 2:00 P.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:

1817 Maryland Avenue is located in central Baltimore City, south of the 100 block of W. North Avenue and north of the 100 block of W. Lafayette Avenue.  The site is two blocks east of the Jones Falls Expressway (I-83), within walking distance of Penn Station (Amtrak) the MTA light rail and MTA subway.  The surrounding neighborhood is know as the Charles North - Station Arts & Entertainment District.


As described by Live Baltimore, Inc., “The Charles North neighborhood offers an eclectic mix of arts and entertainment venues as well as historic buildings and architecturally impressive houses. Located directly north of Penn Station, the area has been transformed into one of the most hip locations in the city with the Station North Arts and Entertainment District drawing artists, music lovers and young professionals into the heart of Baltimore. Adding to Charles North's central location is the scenic Jones Falls River corridor just to the south as well as the Maryland Institute College of Art and the University of Baltimore. Coupled with the neighborhood's present success, Charles North continues to experience rapid growth and expansion with an exciting array of residential and commercial development planned in the next 10 to 20 years.


Charles North was originally a community that grew in the 1880's - 1890's as a suburb to downtown Baltimore (North Avenue served as the northern boundary Baltimore City). The area was home to a growing middle to upper class where North Avenue in its heyday served the area with fine shopping, restaurants and movie theaters. The area changed greatly during World War II, but still offers a distinctive collection of Victorian houses with splendid details conveniently located by Penn Station.”


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

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

 

SITE AREA

The property is located at the southeast corner of Maryland Avenue and W. Trenton Street.  The site is rectangular, fronting 21' x 150', comprising approximately 3,150 square feet of land


BLOCK PLAT (pdf)


Zoning B-5-1, Central Commercial District - permitting a variety of residential and commercial land uses
For more information, please see the: Baltimore City Zoning Code (pdf)


All public utilities are at the site


On-site parking for 6 cars

 

IMPROVEMENTS

Three Story Brick Freestanding Building - according to public tax records the building was constructed in 1900 and contains 3,777 square feet of gross building area.


Exterior
Built-up roof
Vinyl-clad double-hung windows
Steel fire escape
2 - rear balconies


Interior
Wood floors
Gutted to brick walls


The building was formerly used as a tavern and is ready for renovation.

 

REAL ESTATE TAXES

Published taxes for 2011 were $5,852, based on a full value assessment of $245,867.  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

The property is sold free and clear of liens, subject to an annual $90 ground rent.  Deed Liber 6714, folio 142.

 

INSPECTION TIME

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

 

TERMS OF SALE

A $5,000 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, 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.

 

FINANCING

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