"Southeast Baltimore - Belnor Squares Park"

Live Auction Bidders – a $30,000 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 with 24 hours at the Auctioneer’s office (wire or cashier’s check).

Online Auction Bidders – a $30,000 deposit, payable by cashier’s check or wire, will be required of all online bidders prior to the start of the live auction. The deposit will be held in escrow until the completion of the auction and will be retained from the winning bidder. Other bidder deposits will be returned within one business day. Interested parties who do not provide a deposit in advance as stated above will not be permitted to bid. The deposit shall be increased to 10% of the purchase price by cashier’s check or wire transfer by 4:00 P.M. on the day of auction.
Deposit Escrow Agreement

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
$250,000 Opening Bid

SOUTHEAST BALTIMORE
– Belnor Squares Park –

Fully Renovated Two Story
CORNER BUILDING
4,040 Sq. Ft. GBA – Zoned C-1

Sale On Premises:
2716 PULASKI HIGHWAY
Opposite Belnor Squares Park
Baltimore City, MD 21224

Online Bidding Opens
TUESDAY, MAY 21, 2024

Live Onsite Auction Begins
THURSDAY, MAY 23, 2024
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.

GENERAL INFORMATION:
2716 Pulaski Highway, originally known as 2716-2718 Pulaski Highway, is located in southeast Baltimore City opposite Belnor Squares Park. The property has undergone comprehensive renovation over the past few years, and is suitable for office, retail or religious use with the current layout. Conversion to residential, multi-family or mixed-use is also possible, and C-1 zoning provides good flexibility. The location, further detailed below, provides excellent access to both Johns Hopkins Hospital campuses (East Baltimore and Bayview), Downtown Baltimore, I-895 and I-95, and the surrounding neighborhoods of McElderry Park, Patterson Park, Highlandtown, Canton, Butcher’s Hill and Ellwood Park – Monument.

LOCATION:
2716 Pulaski Highway is located in the McElderry Park neighborhood in southeast Baltimore. The Patterson Park neighborhood is immediately south of E. Fayette Street on the opposite side of Belnor Squares Park, and Patterson Park itself is approximately two blocks south. Johns Hopkins’ East Baltimore campus is less than one mile west, and the Bayview campus is less than 2 miles east. The property sits along a mixed use corridor, with businesses, residences, non-profits and the Enoch Pratt Library Patterson Park Branch all in the immediate area. In all, the location affords excellent access to a good consumer base, major employers, Downtown Baltimore, major highways and complimentary businesses.

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

SITE:
Lot size – 27′ x 69′, according to public tax records. Plat

Comprising the addresses formerly known as 2716 & 2718 Pulaski Highway. Bound to the west and north by 10′ alleys.

All public utilities

ZONING:
Zoned C-1 Commercial

According to Baltimore City’s Zoning District Summary, the C-1 zone comprises “Commercial clusters or pedestrian-oriented corridors of commercial uses that serve the immediate neighborhood. Ensures compatibility between neighboring residential and commercial uses.”

Permitted residential uses in a C-1 district include rowhouse, live-work, multifamily and day care. Place of Worship is also included in the permitted uses found in the zoning code.

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

IMPROVEMENTS:
Two story brick end-of-group building – constructed in 1920, fully renovated finishing in 2022, and containing 4,050 square feet of gross building area on three floors. Features include a large roof deck, zoned HVAC, replacement windows and new roof. Arranged as follows:

Exterior:

• Brick exterior
• Vinyl-clad replacement windows
• Flat built up roof
• Multi floor roof deck with trex planks
  • Roof top deck roughly 20’ x 25’
  • 2nd floor landing deck roughly 15’ x 15’
• Concrete rear patio

Interior:

First floor –

• Open layout – Luxury vinyl flooring, decorative brick accent wall, exposed aluminum vents and ornate light fixtures
• Rear room with tile flooring
• Restroom
• Janitorial closet
• Exit to rear

Second floor –

• Open layout – Luxury vinyl flooring, decorative brick accent wall, exposed aluminum venting and recessed lighting

Basement/utilities –
Unfinished basement
Electric 35 gallon water heater
Gas forced air heat and central air conditioning – 2 zones
2 sump pumps
1 electric/gas meter
2 electric panels with 200 amp electrical

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

TAXES:
Current annual real estate taxes are $1,016.39, based on a full value tax assessment of $43,067.

SUMMARY TERMS OF SALE:
Please see the contract of sale for complete terms.

Live Auction Bidders – a $30,000 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 with 24 hours at the Auctioneer’s office (wire or cashier’s check).

Online Auction Bidders – a $30,000 deposit, payable by cashier’s check or wire, will be required of all online bidders prior to the start of the live auction. The deposit will be held in escrow until the completion of the auction and will be retained from the winning bidder. Other bidder deposits will be returned within one business day. Interested parties who do not provide a deposit in advance as stated above will not be permitted to bid. The deposit shall be increased to 10% of the purchase price by cashier’s check or wire transfer by 4:00 P.M. on the day of auction.
Deposit Escrow Agreement

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.