"Charles North" Brick Office & Retail Building 4,400 S.F., Off Street Parking Also Suitable for Apartment Conversion

15715_charles2113_front1.jpg

Listing Details

Sold Price
$157,500
Auction Date
Auction Time
11:00 AM
Address
2113 N. Charles Street, Baltimore, MD, 21218
County
Baltimore City
Neighborhood
Charles North
Scroll down for Complete Details, including: property description, additional photos, and Terms of Sale.

Additional Photos

Use Mobile?
15715_charles2113_rear.jpg
15715_charles2113_rear.jpg
15715_charles2113_street1.jpg
15715_charles2113_street2.jpg
15715_charles2113_front1.jpg

REAL ESTATE AUCTION
                                 
CHARLES NORTH

BRICK OFFICE &
RETAIL BUILDING
4,400 S.F. ◆ Off-Street Parking
Zoned B-2-3, Commercial

Also Suitable for Apartment Conversion

Sale On Premises
2113 N. CHARLES STREET
Off 21st Street, Baltimore, MD 21218

THURSDAY, JULY 25, 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:

2113 N. Charles Street is located in central Baltimore City, just south of Johns Hopkins University.  The building is easily accessible to the Jones Falls Expressway (I-83) and public transportation.  The surrounding “Charles North” neighborhood is home to many non-profit organizations, professional offices, small boutiques and has a varied residential component.  As described by LiveBaltimore.com:


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

 

SITE AREA

Rectangular lot - 20' x 120', situated along the east side of N. Charles Street


Utilities - public water and sewer, gas, electricity, telephone


Rear parking for 2 to 4 cars, accessible by a 10' rear alley


Zoning B-2-3, Community Business District, permitting a wide variety of uses
For more information, see the: Baltimore City Zoning Ordinance (pdf).


BLOCK PLAT (pdf)

 

IMPROVEMENTS

Three Story In-line Brick Building - according to public tax records, the building was constructed in 1900 and contains 3,300 square feet of gross building area on the upper levels and 1,100 square feet of lower level space with front pedestrian sidewalk entrance and rear exit at grade.


Exterior
Brick construction
Built-up Roof
Rear steel fire escape
Commercial aluminum entry doors
Wood double hung windows
Wheelchair ramp in rear adjoining parking area


Interior
Each level has a separate entrance connected by an interior stairway.  The building is suitable for single or multiple occupants.  Spaces typically have carpeting or vinyl flooring and acoustical tile ceilings with florescent lighting.


First Floor - 5 rooms and rest room
Photos of auction property
OFFICE AREA    RESTROOM


Second Floor - 2 large rooms and rest room


Third Floor - 5 rooms


Lower Level (former salon) - 2 rooms, kitchen, full bath and storage room
Photos of auction property


Mechanical
Separate gas forced air heat and central air conditioning for each unit
Single and three-phase electrical service
Electric water heater


The building is currently vacant and ready for occupancy.  The location may also be conducive to residential use.

 

REAL ESTATE TAXES

Published annual real estate taxes for 2012-2013 are $5,674, based on a full value assessment of $238,400.  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 in fee simple and is sold free and clear of liens.  Baltimore City Deed Liber 4179, Page 326.

 

INSPECTION TIME

The property may be inspected one hour prior to the time of sale or by appointment with the Auctioneers.

 

TERMS OF SALE

A $10,000 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 at settlement, which shall take place within 45 days.  If payment of the deposit or 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, 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.