"Southeast Baltimore - Highlandtown Area"

Live Auction Bidders – a $75,000 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 $75,000 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

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
$500,000 Opening Bid

SOUTHEAST BALTIMORE
– Highlandtown Area –

INDUSTRIAL BUILDING
21,985 Sq. Ft. GBA ● 0.32± Acre
Zoned I-2 Industrial ● Fenced Parking

Sale On Premises:
4001 E. BALTIMORE STREET
Near S. Haven Street
Baltimore City, Maryland 21224

Online Bidding Opens
TUESDAY, JULY 30, 2024

Live Onsite Auction Begins
THURSDAY, AUGUST 1, 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:
4001 E. Baltimore Street comprises a roughly 22,000 square foot industrial building in southeast Baltimore City. Surrounding businesses include Mid Atlantic Baking, Hazlo International Foods, Kelco, Monument City Brewing, Urban Axes and many others. Comprehensive redevelopment projects in the immediate area include the King Cork & Seal property, Highland Forge Community and Highlandtown Plaza Co-Op. An array of other projects are in various stages of completion throughout the Haven Street corridor south to Boston Street and the port. Proximity to both Johns Hopkins East Baltimore and Bayview campuses, the ports, I-895, I-95 and Downtown Baltimore make the site extremely attractive for different types of use or comprehensive redevelopment. The property is also located within an Enterprise Zone, providing property and employment tax incentives. The auction provides an opportunity to purchase a property in a high demand, high-development oriented area with substantial upside potential.

LOCATION:
The property is located in the Baltimore Highlands neighborhood in southeast Baltimore City. Surrounding neighborhoods include Highlandtown, Patterson Park, Kresson, Canton Industrial Area, Brewer’s Hill and the Canton Neighborhood. As discussed above, proximity to many of Baltimore’s most significant employers (Johns Hopkins, Mid Atlantic Baking, Amazon and many others), the Ports of Baltimore, Downtown Baltimore and major commuter routes makes the location ideal for ongoing commercial use or possible residential or mixed-use development. Immediately surrounding properties are predominantly commercial, including both industrial and retail uses, with historic residential communities within a couple of blocks in any direction.

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

SITE:
Lot size – 0.323 acre, more or less, according to public plat and tax records

The lot is pie shaped with approximately 160′ of frontage along E. Baltimore Street. The lot features two large curb cuts on E. Baltimore Street with access to front facing drive-in dock loading and the side fenced parking area.

The parking area, situated for approximately 8-10 vehicles, also has roll-up access to the interior loading dock.

All public utilities. Three phase electrical service.

Block Plat

ZONING:
I-2 – General Industrial Zoning

According to the Baltimore City Zoning District Summary, the I-2 district is intended for “Manufacturing, fabricating, processing, wholesale distributing and warehousing. Commercial uses and open storage allowed.”

A planned unit development (PUD), planned residential development (PRD) or other comprehensive special exception may provide additional property uses beyond the base zoning.

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

IMPROVEMENTS:
Masonry warehouse building – constructed in 1900 and containing 21,985 square feet of gross building area, according to public tax records. The building is believed to have been built in two phases, each of which later than 1900. The building is arranged for warehouse and basic storage, having been operated by Felco Packaging Specialists for most of the past 80 years. Features include three phase electric, new roof (2022) and drive-in dock loading.

The interior is arranged for an interior loading dock, warehouse, office and utility areas. Ceiling heights range from 10′ to 20’+. Ceiling heights in most storage areas are 10-14′. There is a freight elevator in the building, which is dated but believed to be operational. Roll-up doors are automatic.

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

TAXES:
Current annual real estate taxes are $8,802.80, based on a full value tax assessment of $373,000.

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

Live Auction Bidders – a $75,000 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 $75,000 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. 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.