"Southwest Baltimore"

$25,000 Opening Bid

TWO STORY
FORMER THEATER BUILDING
– 5,925 Square Feet GBA –

Known As:
1900 FREDERICK AVENUE
Corner S. Monroe Street
Baltimore City, MD 21223

BIDDING OPENS:
FRIDAY, NOVEMBER 20, 2020

BIDDING CLOSES:
TUESDAY, NOVEMBER 24, 2020 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:
1900 Frederick Avenue is located at the corner of Monroe Street in the Both-Boyd neighborhood in Southwest Baltimore. The Grace Medical Center, formerly Bon Secours Hospital, is located about 2 blocks northwest. The location features excellent access throughout the area, with I-95 and I-295 approximately 1.5 miles south, US-40 about ½ mile north and Downtown Baltimore about 2 miles east. According to State Highway Administration statistics, 12,950 cars per day on average pass the site along S. Monroe Street.

For more information, please see:
Boyd-Booth – livebaltimore.com 
CityView – cityview.baltimorecity.gov 
GIS Traffic Count Data – www.roads.maryland.gov

SITE:
Lot size – 0.045 acre, according to public tax records. Plat

The property fronts 26’6″ along Frederick Avenue, 24’11.25″ along Hollins Street and 74’8″ on S. Monroe Street

Curb cut on Frederick Avenue

All public utilities

ZONING:
R-8 residential, vacant, formerly approved for a printing plant

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

IMPROVEMENTS:
Two story brick end-of-group storefront building – constructed in 1900 and containing 5,925 square feet of gross building area, according to public tax records.

The building is believed to have originally been constructed as a theater. According to Cinematreasures.org, “The Victor Theatre was situated on a steep hillside which provided an ideal slope for the auditorium. Located at the corner of Frederick Avenue and Monroe Street, it opened around 1911 and closed in 1918.” The property was subsequently used as a printing press facility by Oliver Press from the 1950s until the early 2000s. Most recently, the property was tenant occupied by a church.

Features include some original details, including pressed tin ceiling, very high ceiling heights, access along both Hollins Street and Frederick Avenue. The building is currently arranged for a sanctuary, fellowship rooms, private offices and cellar basement. Believed to have three-phase electric.

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

TAXES:
Published annual real estate taxes are $660.80, based on a full value assessment of $28,000.

SUMMARY TERMS OF SALE:
Please see the contract of sale for complete terms.
A $3,000 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 Tuesday, November 24, 2020 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. 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. 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. 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!