"Southwest Baltimore"

Live Auction Bidders – a $15,000 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 (wire or cashier’s check).

Online Auction Bidders – a $15,000 deposit, or 10% of the purchase price, whichever is greater, payable by wire transfer or cashier’s check, will be required of the Purchaser by 4:00 p.m. on the day of the auction at the auctioneer’s office. When you register for an online auction, a “ping” will be placed on your credit card and immediately voided, you will not be charged the deposit amount.

A 5% or $5,000 buyer’s premium, whichever is greater, 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
$100,000 Opening Bid

SOUTHWEST BALTIMORE

WAREHOUSE
6,700 Sq. Ft. GBA ● 0.34± Acre ● Zoned I-1
Drive-In Bay & Fenced Parking

Sale on Premises
2330 HOLLINS STREET
Corner of S. Warwick Avenue
Baltimore City, Maryland 21223

Online Bidding Opens
MONDAY, APRIL 15, 2024

Live On-Site Auction
TUESDAY, APRIL 16, 2024
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:
2330 Hollins Street is located in the Shipley Hill neighborhood in Southwest Baltimore. The property sits one-half mile south of US-40, approximately 2 miles north of both I-95 and MD-295 (BW Parkway), and 3.5 miles north of the Baltimore Beltway (I-695). Several other major commuter routes are also in close proximity. Downtown Baltimore is less than 2 miles east. The immediate area is a mix of industrial properties, automotive businesses, religious facilities and a multifamily apartment complex. Traditional Baltimore rowhome oriented neighborhoods and Gwynns Falls – Leakin Park fill out the surrounding community. The auction provides an opportunity to purchase a reasonably sized warehouse, with a drive-in bay and parking, with excellent access throughout the Baltimore metropolitan area.

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

SITE:
The site is comprised of two tax records known as Baltimore City Block 2152, lots 4B and 6

Total lot size is 0.338 acre, more or less, according to public tax records

Ingress and egress from Hollins Street at the corner of S. Warwick Avenue, and drive-in bay access from Booth Street. The lot is terraced, with the building located above a level, fenced parking area for roughly 8-10 vehicles.

All public utilities

Plat

ZONING:
I-1 – Light Industrial

According to Baltimore City’s Zoning District Summary, the I-1 zone comprises “Light manufacturing, fabricating, processing, wholesale distributing and warehousing uses.”

For more information about zoning, please visit:
Department of Planning – planning.baltimorecity.gov

IMPROVEMENTS:
Single story masonry block warehouse building – constructed in 1945 and containing 6,700 square feet of gross building area, according to public tax records. Features include drive-in bay with roll-up door, updated HVAC, updated electric, updated plumbing, flat built-up roof, 12′ or higher ceiling heights, approximately 20′ clear span area. Partial basement. The property has been mostly gutted, but remains arranged for a large, partially divided warehouse area, offices and 4 powder rooms.

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

TAXES:
Published annual real estate taxes are:
Lot 6 – $3,820.84 based on a full value tax assessment of $161,900
Lot 4B – $42.48 based on a full value tax assessment of $1,800
Total – $3,863.32 based on a total tax assessment of $163,700

SUMMARY TERMS OF SALE:
Please see the contract of sale for complete terms.
Live Auction Bidders – a $15,000 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 (wire or cashier’s check).

Online Auction Bidders – a $15,000 deposit, or 10% of the purchase price, whichever is greater, payable by wire transfer or cashier’s check, will be required of the Purchaser by 4:00 p.m. on the day of the auction 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. 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. A 5% or $5,000 buyer’s premium, whichever is greater, will be added to the final bid price.