"North Baltimore - Harwood Neighborhood"

This Auction has been CANCELED.
Sold Prior To The Auction.

CORNER
STOREFRONT BUILDING
– Rented for $15,600/Year NNN –

Known As
2701 BARCLAY STREET
Corner E. 27th Street
Baltimore City, MD 21218

– CANCELED –

Online Bidding Opens
TUESDAY, APRIL 12, 2022

Live Onsite Auction
THURSDAY, APRIL 14, 2022
AT 1:00 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:
2701 Barclay Street is located in the Harwood neighborhood in North Baltimore. Surrounding neighborhoods include Charles Village, Abell, Better Waverly and Barclay. Johns Hopkins University is approximately one-half mile west. Penn Station is a little over one mile south. Surrounding properties are comprised predominantly of rowhomes and attached commercial and mixed-use buildings.

The area has seen significant development over the past couple of decades. New buildings throughout the Johns Hopkins campus have and continue to be built, with Station North and nearby Remington also receiving a lot of attention for major projects. Old Goucher, Barclay, Harwood and Better Waverly have also seen new buildings and robust revitalization, but going about it more quietly. Major projects along Greenmount Avenue, North Avenue and 25th Street highlight much of the activity, with new and fully renovated townhomes through the neighborhood.

For more information about the area, please visit:
Neighborhoods – livebaltimore.com
Station North Arts District – www.stationnorth.org
Old Goucher – www.oldgoucher.org
CityView Map – cityview.baltimorecity.gov

SITE:
Lot size – 15′ x 75′, more or less. Plat

All public utilities

ZONING:
R-8 – Residential, last approved for store and dwelling unit

For more information about Baltimore City zoning, please visit:
Zoning – dhcd.baltimorecity.gov

IMPROVEMENTS:
Two story corner storefront building – constructed in 1900, containing 1,500 square feet above grade and 750 square feet below, according to public tax records. The building is arranged as a storefront and apartment. It is currently leased for $1,300/month NNN ($15,600/year).

CONFIDENTIAL INFORMATION:
Please complete a Waiver and Confidentiality Agreement form to view the lease.

TITLE:
In fee simple; sold free and clear of liens.

TAXES:
Published annual real estate taxes are approximately $2,398.54, based on a full value assessment of $101,633.

SUMMARY TERMS OF SALE:
Please see the contract of sale for complete terms.
Live Auction Bidders – a $7,500 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 within 24 hours at the Auctioneer’s office.

Online Auction Bidders – a 10% deposit, payable by cashier’s check or wire transfer, will be required of the purchaser by 4:30 P.M. on the day of auction, 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. 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, ground rent, 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. Security deposits, if any, shall be adjusted at the time of settlement. The property will be sold in “AS IS” condition, and subject to the existing lease of the tenant in place, easements, agreements, restrictions or covenants of record affecting same, if any. The Property will be sold subject to Baltimore City violation notices, 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. The Purchaser agrees to waive the right of inspection for lead paint, as provided under current Federal and State law. 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 except where otherwise mandated by local, State or Federal law. Time is of the essence. A 5% buyer’s premium will be added to the final bid price.