Email: info@ajbillig.com
6500 Falls Road, Baltimore, MD 21209
Click 'AJ' icon to access map directions.
The property will be open 1 hour prior to the live onsite auction.
Live Auction Bidders – a $10,000 deposit for each property, or $20,000 if sold as an entirety, 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., Monday, May 1, 2023, at the Auctioneer’s office (wire or cashier’s check).
Online Auction Bidders – a $10,000 deposit for each property, or $20,000 if sold as an entirety, payable by cashier’s check or wire, will be required of all online bidders by 12:00 Noon on Thursday, April 27, 2023. 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. 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. The deposit shall be increased to 10% of the purchase price by cashier’s check or wire transfer by 4:30 P.M. on the day of auction. Deposit Escrow Agreement
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 or see the Sample Contract.
Featuring Live & Simulcast Online Bidding
HIGHLANDTOWN
3 UNIT MIXED-USE BUILDING
Zoned C-1 Commercial ✦ Fully Occupied
Known As
328 S. HIGHLAND AVENUE
Near Bank Street
Baltimore City, MD 21224
Online Bidding Opens
WEDNESDAY, APRIL 26, 2023
Live Onsite Auction Begins
FRIDAY, APRIL 28, 2023
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:
328 & 330 S. Highland Avenue are located in the Highlandtown neighborhood in Southeast Baltimore. Highlandtown is among Baltimore’s best known neighborhoods, having been a hub of community life in the southeastern portion of the City for more than 150 years. The neighborhood has been experiencing a renaissance over the past 20 years. New entertainment venues, restaurants and stores complement the familiar, long-standing businesses that have made the location home for decades. New and renovated apartment buildings are positioned throughout the neighborhood, along with countless home renovations and new construction. Proximity to some of the City’s largest employers, as well as convenient access to major highways and commuter routes, makes the location ideal for residents and consumers of all types.
The property is located in the heart of the neighborhood. The Creative Alliance, Southeastern Branch of the Enoch Pratt Free Library, Matthew’s Pizzeria and dozens of other noteworthy businesses are within a few blocks. Johns Hopkins East Baltimore and Johns Hopkins Bayview are each within 2 miles. Patterson Park is less than one-quarter mile west.
The auction provides an opportunity to purchase a property in a prime location with a long rental history. The opportunity to continue the value-add initiatives of the current owner further enhances the long term revenue potential at the site, or one or both of the properties could be considered as a full redevelopment opportunity.
For more information about the area, please visit:
Highlandtown – livebaltimore.com
A Tour of Highlandtown and Patterson Park – baltimore.org
City of Baltimore – www.baltimorecity.gov
328 S. HIGHLAND AVENUE – Opening Bid: $100,000
The property is improved by a two story semi-detached storefront building detailed as follows:
TITLE:
In fee simple; sold free and clear of all liens
ADDITIONAL INFORMATION:
Please complete the Waiver and Confidentiality agreement to receive:
MANNER OF SALE:
The properties will be offered individually first, with the bids reserved. They will then be offered as an entirety. The properties will be sold in the manner producing the greatest result, in the sole discretion of the Seller.
SUMMARY TERMS OF SALE:
Please see the contract of sale for complete terms.
Live Auction Bidders – a $10,000 deposit for each property, or $20,000 if sold as an entirety, 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., Monday, May 1, 2023, at the Auctioneer’s office (wire or cashier’s check).
Online Auction Bidders – a $10,000 deposit for each property, or $20,000 if sold as an entirety, payable by cashier’s check or wire, will be required of all online bidders by 12:00 Noon on Thursday, April 27, 2023. 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 4:30 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. All adjustments, including taxes, rent and 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. Security deposits, if any, shall be adjusted at the time of settlement. The property will be sold in “AS IS” condition, and subject to the existing leases of the tenants in place, easements, agreements, restrictions or covenants of record affecting same, if any. The Property will be sold subject to Baltimore City violation notices, if any. The purchaser agrees to waive the right of inspection for lead paint, as provided under current Federal and State law. 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% buyer’s premium will be added to the final bid price.
