"East Baltimore Midway"

 REAL ESTATE AUCTION 

$250,000 Suggested Opening Bid

Three Story Masonry
INDUSTRIAL BUILDINGS
57,300± Square Feet ◆ Zoned I-MU

Sale On Premises
2201 AISQUITH STREET
2100 AIKEN STREET
Baltimore, MD 21218

THURSDAY, DECEMBER 5, 2019
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:
2201 Aisquith Street and 2100 Aiken Street are adjacent, interconnected buildings 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 properties are located in Opportunity and Enterprise business zones, providing tax incentives for business and property owners. Public transportation is within walking distance.

SITE:
Two lots totaling 23,911 square feet or 0.55 acre. The lots front approximately 88′ along the east side of Aisquith Street, 150′ along the north side of Curtain Avenue and 201′ along the west side of Aiken Street – see block plat.

Zoning I-MU – Industrial Mixed-Use – primarily for existing industrial buildings and permits both light industrial uses and a variety of non-industrial uses, such as dwellings and commercial, creating a mixed-use environment.

All public utilities are available.

The buildings are located along Curtain Avenue and encompass about two-thirds of the site. The balance is clear and fenced.

IMPROVEMENTS:
According to public tax records, the buildings date to at least 1920 and comprise:

There is additional basement and penthouse space.

2201 Aisquith Street is two and one-half stories, brick, block and stucco construction, built-up and rubber roofs, with drive-in door and first floor machine shop tenant. Upper two floors are vacant.

2100 Aiken Street is three stories, block and stucco construction, rubber roof, has fire sprinkler, two elevators and loading dock. The second floor connects to 2100 Aisquith Street. First floor has nine rented storage units and a rest room. Second and third floors are vacant.

TITLE:
The properties are in fee simple and sold free and clear of liens. Baltimore City Deed Book 10575, Page 480.

TAXES:

SUMMARY TERMS OF SALE:
Please refer to 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. 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. The property will be sold in “AS IS” condition, and subject to easements, agreements, restrictions or covenants of record affecting same, and subject to the rights of the existing tenants, 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.