Email: info@ajbillig.com
6500 Falls Road, Baltimore, MD 21209
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COMMERCIAL BUILDING
Zoned I-1 Industrial – Corner Lot
Known As
2231 WICOMICO STREET
Corner Hollins Ferry Road
Baltimore City, MD 21230
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:
2231 Wicomico Street is located at the corner of Hollins Ferry Road in the St. Paul neighborhood in southwest Baltimore City. Surrounding neighborhoods include Morrell Park and Westport. The location is exceedingly convenient for many business types. I-95 and Washington Boulevard (Alt US-1) are both within one-half mile. The Baltimore Washington Parkway (MD-295) is a little over one mile away, and other major commuter routes, including the Baltimore Beltway, are very easily accessible. The I-1 zoning district provides for an array of commercial uses, further described below, and varying property uses can be found in the immediate area. According to MDOT, approximately 3,832 cars per day (AADT) drive along Hollins Ferry Road next to the property. The auction presents an opportunity to purchase a commercially zoned property with excellent potential in a very convenient location and good exposure.
For more information about the area, please visit:
CityView Map – cityview.baltimorecity.gov
SITE:
Lot size – 34′ x 100′, more or less, according to public tax records. Plat
Approximately 34′ front along Wicomico Street, and 100′ along Hollins Ferry Road
3-4 vehicle off-street parking
All public utilities
ZONING:
Zoned I-1, Light Industrial
According to the Baltimore City Zoning Summary, C-1 zoning comprises “Light manufacturing, fabricating, processing, wholesale distributing and warehousing uses.”
Example permitted uses within an I-1 district, according to the City Zoning Code, include:
Example Conditional Uses (or special exception) include:
For more information about Baltimore City Zoning, please visit:
Department of Planning – planning.baltimorecity.gov
IMPROVEMENTS:
Free-standing building – constructed in 1920 and containing 1,316 square feet of building area above grade, according to public tax records. The building is believed to require full renovation.
TITLE:
In fee simple; sold free and clear of liens.
TAXES:
Published annual real estate taxes are approximately $306.80, based on a full value assessment of $13,000.
SUMMARY TERMS OF SALE:
Please see the contract of sale for complete terms.
A $10,000 deposit, or 10% of the purchase price (whichever is greater), will be required of the purchaser. 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, ground 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 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 except where otherwise mandated by local, State or Federal law. Time is of the essence.
No Buyer’s Premium!
