"Milton-Montford"

 REAL ESTATE AUCTION 

– $30,000 Suggested Opening Bid –

TWO STORY COMMERCIAL BUILDING
Zoned C-1 Community Commercial

Sale On Premises
2436 E. MONUMENT STREET
Baltimore, MD 21205

THURSDAY, JUNE 15, 2017
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:
The property is located in the Milton-Montford neighborhood in east Baltimore City. The building sits approximately 0.6 mile east of Johns Hopkins Hospital, 1.2 miles north of Patterson Park and is situated in a thriving corridor in East Baltimore. Save-A-Lot is located about one block to the east with Northeast Market 0.5 mile to the west.

The area is conveniently located close to I-895, and has easy access to I-695 (The Baltimore Beltway) and I-95. Metro Light Rail and bus service are within walking distance, as are shopping, bars and restaurants. Average daily vehicle count in front of the property is 18,000.

For additional information:
https://livebaltimore.com/neighborhoods/
http://bmoremainstreet.com/
and
http://www.marylandroads.com/

SITE:
Rectangular lot: 13′ x 70’4″, more or less

Street parking

Zoned C-1 Community Commercial Zoning District
For more information about the Transform Baltimore Zoning Code, please visit:
http://planning.baltimorecity.gov/programs/transform-baltimore

All public utilities

IMPROVEMENTS:
Two Story Brick Inside-Group Commercial Building, constructed in 1920, containing 1,300 square feet of gross building area, according to published tax records. The building was formerly used as a salon and mattress retail store. A commercial entry is located near the corner of East Monument Street and North Milton Avenue. The building features open floor layouts, bath, small kitchen area, rear access to a paved area with alley access and a rear covered porch off the second level.

TITLE:
The property is in fee simple and sold free and clear of liens.

TAXES:
Published annual real estate taxes are $590.00.

TERMS OF SALE:
A $5,000 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. 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.  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