"Northwest Baltimore" High Visibility Corner Commercial Building 7,380± SF, Zoned B-3-2, Drive-in Loading

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Listing Details

Sold Price
$230,000
Auction Date
Auction Time
11:00 AM
Address
5400-5402 Reisterstown Road, Baltimore, MD, 21215
County
Baltimore City
Neighborhood
Hilltop - Woodmere
Scroll down for Complete Details, including: property description, additional photos, and Terms of Sale.

Additional Photos

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REAL ESTATE AUCTION
                                            
NORTHWEST BALTIMORE
"Hilltop - Woodmere"

High Visibility Corner
COMMERCIAL BUILDING

7,380± SF  Zoned B-3-2  Drive-in Loading
Suitable for Single or Multi-Tenant Occupancy

Sale On Premises
5400-5402
REISTERSTOWN ROAD

Corner Newbern Avenue, Baltimore, MD 21215

WEDNESDAY, JULY 22, 2009
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 and square footage contained herein are more or less.

LOCATION & DIRECTIONS:

The subject property is located in the community commercial district of northwest Baltimore, two blocks south of Northern Parkway.  The surrounding area is a well-established mixture of residential, commercial and industrial properties.  Public transportation is at the door.  The site is close to the Jones Falls Expressway (I-83), Baltimore Beltway (I-695) and Metro subway service.  The property is located opposite Hilltop Shopping Center.  A major renovation of the landmark shopping center is slated to take place in the near future, which should spur additional redevelopment in the immediate area.

Photos of auction property
HILLTOP SHOPPING CENTER    STREET SCENE #1    STREET SCENE #2

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

 

SITE AREA

Corner rectangular lot - good visibility from northbound or southbound Reisterstown Road (MD-140)
Fronting 43' on Reisterstown Road
Fronting 100' on Newbern Avenue
Front courtyard
Wide alley in rear
Formerly two lots
Public water, sewer, gas, electricity and telephone

BLOCK PLAT (pdf)

 

IMPROVEMENTS

Adjoining two story in-line commercial buildings with rear two story warehouse extension.  The buildings contain approximately 3,690 square feet on each floor, or approximately 7,380 square feet of gross building area, plus approximately 1,462 square feet of unfinished basement space.  At one time, the building was configured for four commercial units.  It was later configured for a single occupant.  Due to multiple entry doors, the building layout is very flexible and could be arranged for a variety of uses.


Exterior

Brick, block and stucco

New rubber roof over main structure


Front Portion
- approximately 43' x 42'

Entry foyer, private and general office areas, two or more rest rooms, suspended ceilings, carpeting, ceramic tile, florescent lighting, two interior stairways, access to basement


Warehouse Portion - approximately 43' x 44'

Concrete floors

Overhead drive-in door

Overhead door to indoor loading dock

12'11" ceilings on first floor

10'6" ceilings on second floor

Interior stairway

Gas, overhead heaters

 

ZONING

B-3-2, Community Commercial District
For more information, see the: Baltimore City Zoning Ordinance (pdf)

 

REAL ESTATE TAXES

Baltimore City Lot 20/21, Block 4510
Published 2010 Real Property Taxes - $3,710.42

 

TITLE

In fee simple.  Deed Liber 8847, page 94.  The property is sold free and clear of liens.  The owner is 5400 Reisterstown Road, LLC and the LLC may be available for purchase.

 

INSPECTION TIME

One hour prior to sale or by appointment.

 

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 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, 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.

Broker participation is invited.
BROKER REGISTRATION FORM (pdf)