"Hampden"

ONLINE REAL ESTATE AUCTION

11 STORAGE GARAGES
0.10± Acre ✦ Zoned R-7 ✦ Additional Parking

Known As
BLOCK 3670A LOT 025
Rear 3300 Block Beech Avenue
Baltimore, MD 21211

BIDDING OPENS:
MONDAY, MARCH 22, 2021

BIDDING CLOSES:
THURSDAY, MARCH 25, 2021 AT 11:00 A.M.

– Starting Bid: $100,000 –

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:
The property is located in the Hampden Neighborhood in North Baltimore. The garages sit at the rear of the 3300 block of Beech Avenue, near W. 33rd Street, Keswick Road and Harding Place. Wyman Park and the Stony Run walking trail are approximately one block east. The Hampden commercial core is located immediately northwest, including The Avenue (W. 36th Street), Miracle on 34th Street and an array of well known retail businesses. Johns Hopkins University is within 4 blocks, and the Jones Falls Expressway (I-83S) is approximately ½ mile west.

The area has been well-known as a center of entertainment, shopping and culture in Baltimore for decades, and features a number of well known parades and events throughout the year. Over the past several years Hampden and the surrounding neighborhoods, including Woodberry, Remington and the Jones Falls Area, have been experiencing a significant amount of development. Projects include large mixed-use adaptive reuse of the mill buildings along the Jones Falls, a full redevelopment of the Rotunda site, new apartment projects, new home construction and numerous home renovations.

For more information about the area, please visit:
Hampden – livebaltimore.com
CityView – cityview.baltimorecity.gov

SITE:
Lot size – 116′ x 40′, comprising 4,640 square feet, or 0.107 acre, more or less. Plat

The garages are accessible via (10’+) alley access from Beech Avenue, Keswick Road and Harding Place. A concrete apron sits in front of the garages, providing additional surface parking.

ZONING:
R-7 residential, last approved use was garages.

For more information about Baltimore City, please visit:
Transform Baltimore – planning.baltimorecity.gov

Zoning Map

IMPROVEMENTS:
11 masonry storage garages with swing-out doors. Five of the 11 garages are currently occupied, with an average rent of $170/month. The structure, notably in conjunction with the 6 vacant garages, needs improvement. Please see additional information below for rent roll and additional financial information.

The property is suitable for redevelopment for additional storage capacity, or potentially more comprehensive residential or mixed-use. Surrounding properties comprise a variety of uses, including homes, retail businesses, studios and offices. Please see the zoning link above for more information about prospective property uses.

ADDITIONAL INFORMATION:
Please complete a Waiver and Confidentiality Agreement form to view the rent roll and additional financial information.

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

TAXES:
Published annual real estate taxes are $289.50 based on a full value assessment of $12,267.

SUMMARY TERMS OF SALE – PLEASE REFER TO THE CONTRACT FOR THE COMPLETE TERMS OF SALE:
A $10,000 deposit or ten percent (10%) of the Purchase Price (whichever is greater), in a cashier’s check to be delivered to the Auctioneer’s office at 6500 Falls Road, Baltimore, MD 21209, or sent by wire transfer, by Thursday, March 25, 2021 at 4:30 P.M. 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. 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 leases of the tenants 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. 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.

No Buyer’s Premium!