Prime Corner Commercial Property "Washington Hill - Near Fells Point" Warehouse Buildings - Approved Subdivision for 10 Townhouses & Commercial Site

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Listing Details

Sold Price
$420,000
Auction Date
Auction Time
11:00 AM
Address
1622-1634 E. Lombard Street & 9-21 S. Bethel Street, Baltimore, MD, 21231
County
Baltimore City
Neighborhood
Washington Hill
Scroll down for Complete Details, including: property description and Terms of Sale.

REAL ESTATE AUCTION
                                   
WASHINGTON HILL

"Near Fells Point"

PRIME CORNER
COMMERCIAL PROPERTY
Comprising Two Masonry
WAREHOUSE BUILDINGS
21,301 Sq. Ft.±  Zoned B-3-3
 

Approved & Recorded Subdivision for
10 Townhouses & Commercial Site

Sale On Premises
1622-1634 E.
LOMBARD STREET

& 9-21 S. BETHEL STREET
One Block West of Broadway
Baltimore, MD 21231


TUESDAY, JUNE 23, 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.  Prospective purchasers are encouraged to perform their own due diligence, in advance of the auction, with regard to the permitted uses of the property.

LOCATION & DIRECTIONS:

Known as Bethel Street Overlook, the auction property consists of two existing warehouse buildings, situated at the northeast corner of E. Lombard Street and S. Bethel Street.  The site is one block west of the unit block of S. Broadway, in the Washington Hill neighborhood of east Baltimore.  Washington Hill is about 1.5 miles east of the Downtown Baltimore Inner Harbor and adjoins Butcher's Hill and Upper Fells Point.  World-renowned Johns Hopkins Hospital and surrounding Biotech Park are about three blocks north of Washington Hill, while the bohemian Fells Point entertainment district is about three blocks south.

The auction presents an outstanding opportunity to purchase a recorded development site with a viable interim use.

Photos of auction property
STREET SCENE - WEST     STREET SCENE - EAST     CITY SPRINGS PARK

For a neighborhood description, visit: LiveBaltimore.com.

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

 

SITE AREA

Rectangular parcel - fronting 95.07' along the north side of E. Lombard Street by 234.91' along the east side of S. Bethel Street, comprising approximately 22,332 square feet of land.  The north and east sides of the site are bounded by paved alleys, known as Congress Court and Iron Alley, respectively.  The site is level and located opposite City Springs Public Park.

Public water, sanitary sewer, gas, electricity and telephone service are in the property.

The Bethel Street Overlook subdivision plan provides for ten 16' wide townhouse lots, along Bethel Street, and a 6,485 square foot commercial lot along the E. Lombard Street frontage.

BLOCK PLAT (pdf)

RECORDED SUBDIVISION PLAT (pdf)

 

ZONING:

B-3-3, Community Commercial District, permitting a wide variety of commercial land uses. The property was recently used as an automobile repair shop and archery range and would make a good storage facility.

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

 

IMPROVEMENTS

The improvements consist of adjoining one story buildings constructed on grade.

1624-1634 E. Lombard Street (1622 is a vacant lot) - one story brick industrial building with front and side overhead drive-in doors, 2 front pedestrian doors, 3 side pedestrian doors and flat built-up roof.  The front portion of the building was used as an office, having carpeting, acoustical tile ceiling and drywall.  According to public tax records, the building was constructed in 1920 and contains 12,114 square feet of building area.

9-21 S. Bethel Street - one story brick and block industrial building with overhead drive-in door and flat built-up roof.  According to public tax records, the building was constructed in 1920 and contains 9,187 square feet of building area.

Photos of auction property
1624-1634 E. LOMBARD STREET
9-21 S. BETHEL STREET
BETHEL STREET FRONTAGE

 

REAL ESTATE TAXES

Published annual tax information for 2009:

1622 E. Lombard Street Baltimore City Lot 29, Block 1369

$    178.50

1624-1634 E. Lombard Street Baltimore City Lot 30, Block 1369

 8,056.30

9-21 S. Bethel Street Baltimore City Lot 36, Block 1369

    5,404.98

 
Total Annual Published Taxes
 


$13,639.78

 

TITLE

The property is sold free and clear of liens, subject to total annual ground rents of $201.64.  Ground rent information and metes and bounds descriptions are listed in the Deed and Deed of Assignment, recorded among the Land Records of Baltimore City in Book 6279, Page 226.   DEED (pdf)

 

TERMS OF SALE

A $25,000 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 rents, 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)