"East Baltimore"

Live Auction Bidders – 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 by 11:00 A.M., Friday, June 2, 2023, at the Auctioneer’s office (wire or cashier’s check).

Online Auction Bidders – a $5,000 or 10% deposit, whichever is greater, payable by cashier’s check or wire, will be required of the purchaser by 4:30 P.M. on the day of auction.

A 5% buyer’s premium will be added to the final bid price. For complete Terms Of Sale, see the Summary Terms Of Sale at the bottom of this page and see the Sample Contract.

Featuring Live & Simulcast Online Bidding
$35,000 Opening Bid

EAST BALTIMORE

CORNER
INDUSTRIAL BUILDING
3,481 Sq. Ft. GBA ✦ Drive-In Bay ✦ Fenced Parking
Zoned I-MU – Industrial Mixed-Use

Sale On Premises:
1270 E. 20TH STREET
Corner Curtain Avenue
Baltimore City, MD 21218

Online Bidding Opens
Tuesday, May 30, 2023

Live Onsite Auction Begins
Thursday, June 1, 2023
At 12:30 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:
1270 E. 20th Street is located in the East Baltimore Midway Neighborhood in East Baltimore City. Surrounding neighborhoods include Oliver, Barclay, Darley Park and Coldstream Homestead Montebello. The location is effectively in the center of Baltimore City, with excellent proximity to a number of major employers, including those in Downtown Baltimore, Johns Hopkins Hospital and University Campuses, Morgan State University and Baltimore City Government Offices. The property has good access to the Jones Falls Expressway, I-895 and I-95.

The neighborhood is home to a mix of established businesses and startups, making the location ideal for businesses in different phases of growth. The property sits adjacent from a Walgreen’s Drug Store, two carry-out restaurants, the District Court building and a Baltimore City Department of Education storage facility. A number of other businesses are in the immediate area, and more residential portions of the neighborhood are within 2-3 blocks. The auction provides a value-add opportunity in a convenient location with a history of successful businesses.

For more information about the area, please visit:
Neighborhoods – livebaltimore.com
CityView GIS Map – cityview.baltimorecity.gov
Community Development Map – cels.baltimorehousing.org
City Of Baltimore – www.baltimorecity.gov

SITE:
Triangular lot – 2,925 square feet, more or less, according to tax records

The lot fronts 89’4.5″ on Curtain Avenue and 94’3″ on E. 20th Street. Curb cuts on both Curtain Avenue and 20th Street, which provide ingress and egress for fenced rear parking or storage area. Curb cut on Curtain Avenue also provides access to drive-in bay.

All public utilities

Plat

ZONING:
I-MU – Industrial Mixed-Use

According to the Baltimore City Zoning District Summary, the I-MU district comprises “Industrial Mixed-Use Zoning. Primarily for existing industrial buildings and permits both light industrial uses and a variety of nonindustrial uses, such as dwellings, commercial, creating a mixed-use environment.”

For more information about Baltimore City Zoning, please visit:
Zoning – dhcd.baltimorecity.gov

IMPROVEMENTS:
Two story brick freestanding industrial building – constructed in 1920 and containing 3,481 square feet of gross building area, according to public tax records. The building features drive-in access, flat torch down roof and mixed windows. Needs renovation.

TITLE:
Subject to a $25 annual sub ground rent, due in semi-annual installments on March 1 and September 1; sold free and clear of all liens.

TAXES:
Current annual real estate taxes are $1,142.24, based on a full value tax assessment of $48,400.

SUMMARY TERMS OF SALE:
Please see the contract of sale for complete terms.
Live Auction Bidders – 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 by 11:00 A.M., Friday, June 2, 2023, at the Auctioneer’s office (wire or cashier’s check).

Online Auction Bidders – a $5,000 or 10% deposit, whichever is greater, payable by cashier’s check or wire, will be required of the purchaser by 4:30 P.M. on the day of auction.

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, 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. Time is of the essence. A 5% buyer’s premium will be added to the final bid price.