"Downtown Baltimore"

Live Auction Bidders – A $25,000, payable by cashier’s check, will be required of the purchaser at time and place of sale. If necessitated by price, the deposit shall be increased to 10% of the purchase price by cashier’s check or wire transfer by 11:00 a.m. on Friday, December 5, 2025 (company or personal checks for the increased deposit will be accepted at the sale site or wiring instructions will be provided).

Online Auction Bidders – A $25,000, payable by cashier’s check or wire transfer, will be required of all online bidders prior to the start of the live auction. The deposit will be held in escrow until the completion of the auction and will be retained from the winning bidder. Other bidder deposits will be returned within one business day. Interested parties who do not provide a deposit in advance as stated above will not be permitted to bid. If necessitated by price, the deposit shall be increased to 10% of the purchase price by cashier’s check or wire transfer by 11:00 a.m. on Friday, December 5, 2025. Deposit Escrow Agreement

A 5% buyer’s premium will be added to the final bid price and shall become part of the contract price. For complete Terms Of Sale, see the Summary Terms Of Sale at the bottom of this page and please see the Sample Contract.

Live Onsite & Simulcast Online Bidding
$200,000 Opening Bid

DOWNTOWN BALTIMORE

“SETON HILL”
COMMERCIAL ASSEMBLAGE
Storefront Building, Warehouses, Land

Investment And
Redevelopment Opportunity

Known As
507-511 & 601 PENNSYLVANIA AVENUE
553-557 SEMINARY COURT
Baltimore, MD 21201

Online Bidding Opens
WEDNESDAY, DECEMBER 3, 2025

Live Onsite Auction
THURSDAY, DECEMBER 4, 2025
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, and were obtained from public tax assessment records. Prospective purchasers are encouraged to perform their own due diligence, in advance of the auction, regarding the permitted uses of the property.

GENERAL INFORMATION:
The auction includes a commercial property assemblage on the east side of Pennsylvania Avenue in the historic Seton Hill neighborhood of Downtown Baltimore. The property was formerly occupied by Penn Lumber Company, and consists of a storefront building, three warehouse buildings, and a fenced yard. There are two month-to-month tenants who have expressed an interest to remain. The sale provides an opportunity to purchase existing income producing properties or as a redevelopment site in a very desirable location.

LOCATION:
The property is situated in the western portion of Downtown Baltimore, north of Franklin Street (US-40), south of MLK Jr. Boulevard, west of St. Mary’s Park and east of the former Baltimore Social Security Administration Building, which is being redeveloped as the new headquarters for the Maryland Department of Health. The site is within walking distance of the University of Maryland Medical Center and professional schools, University of Baltimore, Maryland Institute College of Art, theaters, restaurants, employment centers, stadiums and attractions. The central location provides excellent highway access to I-83, I-95, US-40 and the Baltimore-Washington Parkway (MD-295). Large-scale residential and commercial developments are underway nearby.

SITE:
Six lots, situated on the east side of Pennsylvania Avenue, comprising 14,513 square feet of land. Five lots are contiguous. 601 Pennsylvania Avenue is separated by Seminary Court, a closed Baltimore City street that has been used by the current owners for decades. At the request of the City, gates were installed at the front and rear of the site, with access only by the property owner. The closed Seminary Court adds approximately 2,882 square feet of paved area to the site, the majority of which is fenced. The property is mostly level and about 50% clear.
Block Plat

Public utilities

ZONING:
C-1, Neighborhood Commercial

IMPROVEMENTS AND RENTAL INFORMATION:
507-509 Pennsylvania Avenue – Three story brick in-line storefront building, circa 1920, comprising approximately 3,474 square feet. First floor is currently occupied by B-More Deli and Grocery at monthly rental of $1,800, under a month-to-month tenancy. Balance of building is used as warehouse space with two overhead doors. The warehouse space is leased with the remainder of the site to a restaurant equipment company for $3,000 month, under a month-to-month tenancy.

511 Pennsylvania Avenue – paved lot

553-555-557 Seminary Court – warehouse building

601 Pennsylvania Avenue – warehouse building, open sheds, lot

PUBLISHED ANNUAL REAL ESTATE TAXES:
507 Pennsylvania Avenue – $2,228, based on a full value assessment of $94,400
511 Pennsylvania Avenue – $1,428, based on a full value assessment of $60,500
601 Pennsylvania Avenue – $2,664, based on a full value assessment of $112,800
533 Seminary Court – $387, based on a full value assessment of $16,400
555 Seminary Court – $411, based on a full value assessment of $17,400
557 Seminary Court – $2,601, based on a full value assessment of $110,200

Total Annual Taxes – $9,719

TITLE:
The properties are in fee simple and sold free and clear of liens. Baltimore City Deed Book PMB 7649, Page 22, Book LGA 17457, Page 43, Book LGA 17457, Page 37, Book FMC 8315, Page 438.

SUMMARY TERMS OF SALE:
Please see the contract of sale for complete terms.

Live Auction Bidders – A $25,000, payable by cashier’s check, will be required of the purchaser at time and place of sale. If necessitated by price, the deposit shall be increased to 10% of the purchase price by cashier’s check or wire transfer by 11:00 a.m. on Friday, December 5, 2025 (company or personal checks for the increased deposit will be accepted at the sale site or wiring instructions will be provided).

Online Auction Bidders – A $25,000, payable by cashier’s check or wire transfer, will be required of all online bidders prior to the start of the live auction. The deposit will be held in escrow until the completion of the auction and will be retained from the winning bidder. Other bidder deposits will be returned within one business day. Interested parties who do not provide a deposit in advance as stated above will not be permitted to bid. If necessitated by price, the deposit shall be increased to 10% of the purchase price by cashier’s check or wire transfer by 11:00 a.m. on Friday, December 5, 2025. Deposit Escrow Agreement

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. All adjustments, including taxes, rents, 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 settlement and assumed thereafter by the purchaser. The property will be sold in “AS IS, WHERE IS” condition, subject to easements, agreements, restrictions or covenants of record affecting same, if any, and subject to existing leases and the rights of the tenants in possession of all or part of the premises. 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. A 5% buyer’s premium will be added to the final bid price and shall become part of the contract price.