"Northwest Baltimore - Next to Pimlico Race Course"

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 within 24 hours at the Auctioneer’s office (wire or cashier’s check).

Online Auction Bidders – a $5,000 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
$40,000 Opening Bid

NORTHWEST BALTIMORE
– Next to Pimlico Race Course –

STOREFRONT BUILDING
1,500 Sq. Ft. GBA ● Zoned C-1
Arranged as Grocery Store

Sale on Premises
5143 PARK HEIGHTS AVENUE
Near Corner of W. Belvedere Avenue
Baltimore City, Maryland 21215

Online Bidding Opens
FRIDAY, OCTOBER 27, 2023

Live On-Site Auction
TUESDAY, OCTOBER 31, 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:
5143 Park Heights Avenue is located in the Central Park Heights neighborhood in Northwest Baltimore. World famous Pimlico Race Course, home of the Preakness, is less than one block away. Other surrounding neighborhoods include Cylburn, Levindale, Arlington and Pimlico Good Neighbors. Park Heights Avenue is among the busiest thoroughfares and commuter routes in the area, boasting 14,234 cars per day (AADT), according to MDOT statistics. Another 12,514 cars per day pass along W. Belvedere Avenue immediately north of the property. Surrounding properties are a mix of restaurants, retail storefronts, small offices, religious facilities and Pimlico itself. Sinai Hospital, another major employer in the area, is less than one mile east. The auction provides an opportunity to purchase a commercial property with good exposure, nice proximity and a sensible amount of square footage.

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:
Lot size: 0.051 acres, more or less. Plat

The lot fronts a little more than 22’6″ along Park Heights Avenue. Depths are approximately 106′ on average.

All public utilities are believed to be in the property

ZONING:
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.”

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

IMPROVEMENTS:
Single story in-line commercial storefront building – constructed in 1920 and containing 1,500 square feet of gross building area, according to public tax records. The property is arranged as a grocery store and carry-out, including retail area, cashier enclosure, prep and service kitchens, walk-in cooler, dry storage and powder rooms. Needs full renovation.

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

TAXES:
Published annual real estate taxes are $1,983.99 based on a full value tax assessment of $84,067.

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 within 24 hours at the Auctioneer’s office (wire or cashier’s check).

Online Auction Bidders – a $5,000 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. 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% or $5,000 buyer’s premium, whichever is greater, will be added to the final bid price.