"Southwest Baltimore"

INDUSTRIAL PROPERTY
0.29± Acre – Zoned I-1
2 Story Building – Fenced Yard

Known As:
501 S. GILMOR STREET
Off Cole Street
Baltimore City, MD 21223

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:
501 S. Gilmor Street is located in the New Southwest – Mount Clare neighborhood in Southwest Baltimore. The area has a long industrial history, owing in large part to proximity to the B&O Railroad and associated stations, spur lines and related businesses. The B&O Railroad Museum is located a short distance northeast, and the property abuts a rail line and property owned by the museum, which also contains a newly constructed Baltimore City equestrian facility. The property is approximately 1.3 miles from I-95 and I-295, and has good proximity to Downtown Baltimore and US-40.

For more information, please see:
New Southwest / Mount Clare – livebaltimore.com
CityView – cityview.baltimorecity.gov

SITE:
Lot size – 12,852 square feet, or 0.295 acre, more or less.

The lot is triangular, with 108′ frontage on Gilmor Street, 238′ along a 10′ alley and 262′ along the B&O Railroad Museum property.

Fenced yard. Curb cut on Gilmor Street.

All public utilities

ZONING:
I-1, Light Industrial Zoning. According to the Transform Zoning webpage, I-1 zoning comprises “Light manufacturing, fabricating, processing, wholesale distributing and warehousing uses.”

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

IMPROVEMENTS:
Two story brick freestanding building. According to tax records, the building contains 2,106 square feet of gross building area.

Note: The building currently has a demolition order from the Baltimore City Department of Housing. The status of the case is in appeal. The property will be sold subject to the existing posture of the demolition notice. An updated status will be provided in advance of the auction closing.

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

TAXES:
Published annual real estate taxes are $1,357, based on a full value assessment of $57,500.

SUMMARY TERMS OF SALE:
Please see the contract of sale for complete terms.
A $5,000 deposit, or ten percent (10%) of the Purchase Price (whichever is greater), in cashier’s check to be delivered to the Auctioneer’s office at 6500 Falls Road, Baltimore, MD 21209, or sent by wire transfer. 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!