Absolute Above $45,000 - "Downtown Baltimore"

ABSOLUTE ESTATE AUCTION
To The Highest Bidder Over $45,000

Free Standing Brick
COMMERCIAL BUILDING
Zoned C-5-HS ◆ 3,836 Sq. Ft.

Sale On Premises
313 TYSON STREET
a/k/a 313-317 Tyson Street
Between W. Mulberry and Saratoga Sts.
Baltimore City, MD 21201

FRIDAY, FEBRUARY 2, 2018
AT 12:00 NOON

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:
313 Tyson Street is located in the Downtown area of Baltimore City. The property is conveniently situated near the Central Business District, Mount Vernon and University of Maryland at Baltimore campus. The location offers excellent access to I-83 (JFX), I-95 and US-40 (W. Franklin and W. Mulberry Streets), making the location attractive to commercial users of all types. New development projects are situated nearby along Park Avenue, Howard Street and W. Mulberry Street. Many of Baltimore City’s best known attractions are also within a short distance, including the Washington Monument, Lexington Market, Royal Farms Arena, the Inner Harbor and Oriole Park at Camden Yards.

For more information about the area, please visit:
http://godowntownbaltimore.com/
&
https://livebaltimore.com/neighborhoods/downtown/

SITE:
Lot – 51’7″ x 75′, more or less

Baltimore City Block 578, Lot 53

Fenced lot – concrete parking pad (2-3 vehicles)

All public utilities

Zoning: C-5-HS, Downtown Commercial District, Howard Street Mixed-Use Subdistrict. For more information, see the Baltimore City Zoning Code.

IMPROVEMENTS:
Brick free standing building – constructed in 1900 and containing 3,862 square feet of building area, according to public tax records. Formerly used as a fur storage facility, property features include substantial masonry construction, interior vault door and potential front loading dock (currently covered by masonry block). The building is arranged for a large unfinished storage space with mezzanine, small office, additional room currently used for storage and powder room. Needs updating and cosmetic repairs.

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

TAXES:
Annual real estate taxes are $1,699.20

TERMS OF SALE:
A $5,000 deposit, payable by certified check or 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, February 5, 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, covenants of record affecting same or housing code violations, 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.

No Buyer’s Premium!

Sale By Order of the Estate of J. Eric Aumann