"East Baltimore Midway"

Featuring Live & Simulcast Online Bidding
– $200,000 Opening Bid –

HUB, Enterprise & Opportunity Zones

One Story Masonry
INDUSTRIAL BUILDING
7,500 SF ◆ Zoned I-1 ◆ Parking

Known As
2116 AISQUITH STREET
Baltimore, MD 21218

On-Line Bidding Opens
FRIDAY, FEBRUARY 26, 2021

Live On-Site Auction Begins
TUESDAY, MARCH 2, 2021
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:
2116 Aisquith Street is located in East Baltimore, north of 20th Street, west of Harford Road, south of 25th Street and east of Kirk Avenue. The surrounding neighborhood is a mixture of residential, commercial and industrial land uses. The property is located in HUB, Opportunity and Enterprise business zones, providing tax incentives for business and property owners. Public transportation is within walking distance.

SITE:
81’3″ x 125′, rectangular lot, comprising approximately 10,155 square feet or 0.233 acre. Plat
Zoning I-1, industrial
All public utilities
Paved parking for 8 cars
The building encompasses the majority of the site. A 6′ walkway bounds the west side of the building.

IMPROVEMENTS:
One story brick and concrete block industrial building, built in 1950 and containing 7,500 square feet of gross building area, according to public tax records.

Exterior – brick front facade, overhead drive-in door, pedestrian door, built-up roof (recently repaired)

Interior – general office area – concrete floor, drywall, florescent lighting, 3 private offices, rest room; warehouse area – concrete floor, 12′ ceiling height, 2 rest rooms, drive-in loading, mercury vapor lighting

Mechanical – gas forced air heat and central air in offices, 6 overhead gas space heaters and central air conditioning in warehouse; 200 ampere single and three-phase electrical service, 40-gallon gas water heater

Building and Proposed Renovation Plans

TITLE:
The property is in fee simple and sold free and clear of liens. Baltimore City Deed Liber 20084, Page 34.

TAXES:
Published annual real estate taxes are $4,713, based on a full value assessment of $199,733.

SUMMARY TERMS OF SALE:
Please see the contract of sale for complete terms.
A $25,000 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. If the property is purchased by an online bidder, the entire 10% deposit, payable by cashier’s check or wire, is due at the Auctioneer’s office by 4:30 p.m. on the day of sale. 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.