REAL ESTATE AUCTION
- $25,000 Suggested Opening Bid -
THREE STORY COMMERCIAL BUILDING
Zoning C-1, Commercial
Sale On Premises
2122 E. MONUMENT STREET
Baltimore, MD 21205
FRIDAY, MARCH 16, 2018
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.
The property is located in the Middle East / Eager Park historic neighborhood in central Baltimore City, which is currently undergoing a huge revitalization leading to the development of many new homes and businesses. The building sits approximately 0.25 mile east of Johns Hopkins Hospital, .6 mile north of Patterson Park, and is situated in a thriving corridor in central Baltimore. Just one block from Northeast Market, this property sits in the center of a commercial hub featuring shopping, food and ample foot traffic. The area is conveniently located close to I-895. Metro Light Rail and bus service are within walking distance. According to the State Highway Administration GIS Traffic Count Map, approximately 13,732 cars per weekday travel along this segment.
Rectangular lot: 13'6" x 90', more or less
One car off street parking
Zoned C-1 Commercial Clusters or pedestrian - oriented corridors of commercial use that serve the immediate neighborhood.
For more information, see the current Baltimore City Zoning Code.
All public utilities
Three Story Brick Inside-Group Commercial Building, constructed in 1900, containing 2,847 square feet of gross above grade building area, according to public tax records. The building was formerly used as an Optometrist office. A commercial entry is located on the front of the building at street level facing E. Monument Street. The building features first floor front retail space, exam room and rear office space/storage area. The second floor features office space with 2 rear offices, a large front room and powder room. Second Floor could be converted into residential space. Third floor contains 2 rooms. The building has drop ceilings and drywall throughout. Powered by 100 amp electrical service, and oil heat with tank located in rear of building.
The property is subject to an annual ground rent of $40.50 (due 1/1 & 7/1); and sold free and clear of liens.
Published annual real estate taxes are $2,323 based on a full value assessment of $98,433.
A $2,500 deposit, payable by 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 by 11:00 A.M., Monday, March 19, at the Auctioneer's office. Deposit funds shall be held by A. J. Billig & Co., LLC. 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 contract to date of settlement. All adjustments, including taxes, all other public charges and assessments payable on a monthly or annual basis, and sanitary and/or metropolitan district charges, if any, to be adjusted for the current year to date of contract 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 contract 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
Sale by order of Estate of Irwin Fuss