"Southwest Baltimore, Carrollton Ridge" 2 - Adjoining Storefront Buildings

15535_pratt1920_1922_front.jpg

Listing Details

Sold Price
$71,000
Auction Date
Auction Time
2:00 PM
Address
1920-1922 W. Pratt Street, Baltimore, MD, 21223
County
Baltimore City
Neighborhood
Southwest Baltimore, Carrollton Ridge
Scroll down for Complete Details, including: property description, additional photos, and Terms of Sale.

Additional Photos

Use Mobile?
15535_pratt1920_1922_street.jpg
15535_pratt1920_1922_street.jpg
15535_pratt1920_1922_front.jpg

ABSOLUTE AUCTION
To the Highest Bidders Above $5,000
                                           
SOUTHWEST BALTIMORE
"Carrollton Ridge"

2 - Adjoining Brick
STOREFRONT BUILDINGS
2,240± Square Feet ◆ Zoned B-3-2, Commercial

Sale On Premises
1920-1922 W. PRATT STREET
Off 100 S. Monroe Street
Baltimore, MD 21223

WEDNESDAY, APRIL 24, 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:

The properties are located in southwest Baltimore City, along the north side of Pratt Street, east of the 100 block of S. Payson Street and west of the 100 block of S. Monroe Street.  Pratt Street is the community commercial district, comprised of retail oriented small businesses, restaurants and places of worship.  Housing in the neighborhood predominantly consists of brick townhomes.  The neighborhood is about two miles west of Baltimore's Inner Harbor, with good access to I-95 and the Baltimore-Washington Parkway (MD-295).

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

 

SITE AREA

Each property comprises a rectangular lot 14' x 78'.
All public utilities are available.
The improvements cover the full width of the site.


Zoning B-3-2, Community Commercial District, allowing for a wide variety of commercial land uses.
For more information, see: the Baltimore City Zoning Code (pdf)


BLOCK PLAT (pdf)

 

IMPROVEMENTS

2 - Two Story Brick Storefront Buildings - according to public tax records, each building is approximately 14' x 40', comprising 1,120 sq. ft.  Updating and cosmetic repairs are likely needed.

 

REAL ESTATE TAXES

Published 2012-2013 real estate taxes are $1,085 per building.

 

TITLE

The properties are in fee simple and sold free and clear of liens.  Baltimore City deed references 14709/85 and 14160/275.

 

MANNER OF SALE

The buildings will be offered individually and as an entirety, and sold in the manner producing the greater amount.

 

TERMS OF SALE

A $2,500 deposit on each building or $5,000 if sold as an entirety, 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, and subject to any housing or building violation notices, 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.