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This Auction has been CANCELED
Sold prior to the auction.
To the Highest Bidder Over $125,000
0.79± Acre – Zoned C-2 – Two Buildings
34 S. CATON AVENUE
Opposite Lohrs Lane
Baltimore City, MD 21229
– CANCELED –
MONDAY, OCTOBER 19, 2020
WEDNESDAY, OCTOBER 21, 2020 AT 1:00 P.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.
34 S. Caton Avenue is located in the Saint Joseph’s neighborhood in Southwest Baltimore. Surrounding neighborhoods include Irvington, Allendale and Carroll – South Hilton. Saint Joseph’s Park binds the rear property line. Caton Avenue leads directly to I-95 approximately 1.2 miles south. Nearby Frederick Avenue, Wilkens Avenue, US-40 and Hilton Parkway provide excellent access throughout the area, including to Downtown Baltimore and the Baltimore Beltway (I-695).
Lot size – 0.788 acre, more or less.
The lot is roughly triangular, with approximately 225′ front on S. Caton Avenue
Partially fenced and large curb cut on S. Caton Avenue
All public utilities
C-2 – According to the TransForm Baltimore Zoning District Summary, C-2 districts are intended to comprise “Small to medium-scale commercial use, typically located along urban corridors. Designed to accommodate pedestrians and, in some instances, the automobile. Mixed-use development is appropriate within this district.”
For more information about Baltimore City, please visit:
Transform Baltimore – planning.baltimorecity.gov
The property is improved by two buildings. According to tax records, the primary building was constructed in 1930, and is believed to contain approximately 7,000 square feet of gross building area. The second building, at the front of the property, is believed to contain approximately 1,800 square feet of gross building area. The property is currently being use for automotive service, repair and storage.
The property is currently tenant occupied, with the tenant in arrears. The tenant had previously been paying $2,500/month, and is believed to have occupied the property for more than 10 years. No lease is currently available. It will be the buyer’s responsibility to make arrangements with the tenant regarding ongoing occupancy, as well as possession if the tenant is ultimately not to remain.
Subject to a $180 ground rent; sold free and clear of all liens
Published annual real estate taxes are $2,270.93, based on a full value assessment of $96,600.
SUMMARY TERMS OF SALE:
Please see the contract of sale for complete terms.
A $12,500 deposit, or ten percent (10%) of the Purchase Price (whichever is greater), in cash or cashier’s check to be delivered to the Auctioneer’s office at 6500 Falls Road, Baltimore, MD 21209, or sent by wire transfer, by Thursday, October 22, 2020 at 1:00 P.M. 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 Property will be sold subject to Baltimore City violation notices, 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.
No Buyer’s Premium!