Email: info@ajbillig.com
6500 Falls Road, Baltimore, MD 21209
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Featuring Live & Online Simulcast Bidding
– $100,000 Opening Bid –
COMMERCIAL BUILDING
2,926 Sq. Ft. GBA ✦ Zoned C-1
Rented for $2,060/Month
Known As
6711 HOLABIRD AVENUE
Baltimore City, MD 21222
Online Bidding Opens
FRIDAY, JANUARY 7, 2022
Live Onsite Auction
TUESDAY, JANUARY 11, 2022
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.
LOCATION:
6711 Holabird Avenue is located in the Graceland Park neighborhood at the eastern edge of Baltimore City. The surrounding area is more generally referred to as Dundalk, with the Baltimore County line one-half block east. The property is nicely positioned on Holabird Avenue, providing a well-known location with ample exposure. MDOT reports 14,323 cars per day (AADT) along Holabird Avenue in front of the property. Dundalk Avenue is located immediately west, providing proximate access for consumers and staff utilizing both I-95 and the Baltimore Beltway (I-695).
A number of industrial areas, including the ports and marine terminals located south and west of the property, provide a robust source of business for operations of all types. Well known businesses in close proximity include Jimmy’s Famous Seafood, Squires Italian Restaurant, Johns Hopkins (Bayview and additional auxiliary locations) and Amazon. Immediately surrounding businesses include retail, dining, offices, religious use and service providers.
The property is located within an Opportunity Zone, providing an array of incentives for property and business owners. The property is also located within a Baltimore City Enterprise Zone, providing additional tax and employment incentives.
For more information about the area, please visit:
CityView – cityview.baltimorecity.gov
Dundalk – www.dundalkusa.org
For more information about Opportunity and Enterprise Zones, please visit:
Opportunity Zones – dhcd.maryland.gov
Enterprise Zone – baltimoredevelopment.com
SITE:
Lot size – 5,237 square feet, or 0.12 acre, more or less, according to public tax records. Plat
Approximately 35′ front along Holabird Avenue. 10′ alley accessing rear of the property.
2-3 vehicle off-street parking
All public utilities
ZONING:
Zoned C-1 Commercial
According to the Baltimore City Zoning Summary, C-1 zoning comprises “Commercial clusters or pedestrian-oriented corridors of commercial uses that serve the immediate neighborhood. Ensures compatibility between neighboring residential and commercial uses.”
Example permitted uses within a C-1 district, according to the City Zoning Code, include:
For more information about Baltimore City Zoning, please visit:
Department of Planning – planning.baltimorecity.gov
IMPROVEMENTS:
In-line masonry commercial building – constructed in 1933 and containing 2,926 square feet of gross building area, according to public tax records. The building is believed to be closer to 4,000 square feet, including a rear mezzanine.
Features include all brick and masonry construction, rear roll-up door, commercial show windows and large sign structure. Torch down rubber roof, rear portion new in 2018. The building is arranged for a large open showroom, powder room, rear two story warehouse section with both side-hinge and roll-up garage doors. The second story has an additional access point with pulley system. Gas forced air heat.
The property is currently rented for $2,060 per month to a retail workshop.
ADDITIONAL 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 $2,120.86, based on a full value assessment of $89,867.
SUMMARY TERMS OF SALE:
Please see the contract of sale for complete terms.
Live Auction Bidders – a $10,000 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. All adjustments, including taxes, ground rent, rent and 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. 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 in 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.
