"Upper Fells Point"

 REAL ESTATE AUCTION 

– $250,000 Suggested Opening Bid –

Three Story, Brick
OFFICE BUILDING
2,590 Sq. Ft. ◆ Zoned B-3-3

Sale On Premises
2200 EASTERN AVENUE
Corner S. Collington Avenue
Baltimore, MD 21231

WEDNESDAY, APRIL 19, 2017
AT 2:00 P.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:
2200 Eastern Avenue is situated at the northeast corner of Eastern and Collington Avenues in the Upper Fells Point neighborhood of east Baltimore, two blocks west of Patterson Park. The surrounding neighborhood is a mixture of residential and commercial properties, adjoining Fells Point, Canton and Butcher’s Hill. The area is bordered by Broadway to the west, S. Washington to the east, Lombard Street to the north and Eastern Avenue to the south. Downtown Baltimore is about one mile west of the property.

Upper Fells Point dates to the eighteenth century and was established as a seaport. Beginning in the early 1970s, Fells Point and Upper Fells Point were rejuvenated with new and rehabilitated housing, shops, pubs, upscale restaurants, marinas and a renovated city market. Development of new luxury housing in the area is still underway, as the neighborhood is one of Baltimore City’s most desirable urban communities. The location is convenient to downtown employment centers, Johns Hopkins Hospital, I-83, I-95, I-895, and public transportation.

The property has been used as a legal office since 2005. It’s corner location provides good visibility for signage from pedestrian and motor vehicle traffic.

For more information about Upper Fells Point:
http://livebaltimore.com/neighborhoods/upper-fells-point

SITE:
Level rectangular lot fronting 16′ along the north side of Eastern Avenue and 65′ along the east side of Collington Avenue.

All public utilities

Zoning B-3-3, Community Commercial District, permitting a wide variety of uses. For additional information see: Baltimore City Zoning Code

IMPROVEMENTS:
Three Story Brick End-of-Group Commercial Building, built in 1915 and containing 2,590 square feet of gross building area, according to public tax records. The building was completely renovated in 2005.

Exterior
Brick construction
Vinyl-clad double-hung windows
Built-up roofs
Crawl space foundation

Interior
Drywall
Recessed lighting
Carpeting, tile and wood floors
Good finishes and trim

First Floor

• Foyer
• Conference Room – carpeting, built-in credenza
• General Office area – wood floor, 3 work stations
• Rest Room – marble tile floor
• Kitchenette – wood floor
• Mail Room – wood floor
• Library/Office – wood floor

Second Floor

• Office – wood floor, view of Downtown Skyline and Harbor
• Office – carpeting
• Rest Room – wood floor

Third Floor

• Office Suite with 2 Anterooms – carpeting
• Rest Room – marble floor

Please check back for updated and interior photos.

Mechanical
2 – Ruud gas forced air furnace/central air conditioning units
Gas water heater
Sump pump
Updated electrical and plumbing

TITLE:
The property is in fee simple and sold free and clear of liens. Baltimore City Deed Liber 6400, folio 533.

TAXES:
Published annual real estate taxes for 2016 are $8,075.81, based on a full value assessment of $348,700.

TERMS OF SALE:
A $20,000 deposit, payable by certified check or 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. 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 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, 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.