"Patterson Park - Highlandtown National Historic District"

REAL ESTATE AUCTION

MIXED-USE BUILDING
6,034 Sq. Ft. GBA ◆ 50% Occupied
Zoned I-MU Industrial

Sale On Premises
3221 NOBLE STREET
Off N. East Avenue
Baltimore City, MD 21224

TUESDAY, OCTOBER 31, 2017
AT 2:00 P.M.

– Suggested Opening Bid: $100,000 –

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:
3211 & 3221 Noble Street are located in the Patterson Park neighborhood, within the Patterson Park-Highlandtown National Historic District. The contiguous buildings are situated immediately north of E. Baltimore Street, approximately 3 blocks east of Patterson Park. The convenient location is proximate to I-895, I-95 and the surrounding neighborhoods of Highlandtown, Baltimore Highlands, Canton, Brewer’s Hill, Butcher’s Hill and Fells Point. Johns Hopkins East Baltimore and Bayview Campuses are each within 1.5 miles. The property is suitable for individual owner occupants, leasing to multiple tenants or further commercial or residential development.

For more information about the area, please visit:
https://livebaltimore.com/neighborhoods/patterson-park-neighborhood/

SITE:
Lot – 3,180 square feet, or 0.07 acre, more or less

The lot fronts 46’5″ on Noble Street

10′ rear alley

Block Plat

Zoning –

Zoned I-MU: Industrial Mixed Use –

According to the Transform Baltimore Zoning District Summary, I-MU zoning is “primarily for existing industrial buildings and permits both light industrial uses and a variety of nonindustrial uses, such as dwellings, commercial, creating a mixed-use environment.”

For more information about Baltimore City Zoning, please visit:
https://planning.baltimorecity.gov/

IMPROVEMENTS:
Three interconnecting two story buildings – constructed in 1920 and containing 6,034 square feet of gross building area on the first and second floors, according to public tax records.

Exterior
Brick construction
Vinyl-clad replacement windows
Flat built-up roof (recoated and new structural supports 2016)
Aluminum down spouts and rain gutters
Front and rear exits

Interior
First floor: Three separate occupied commercial spaces. The spaces have a variety of finishes, including wood floors, tin and exposed ceilings. Uses are storage and light manufacturing. Each tenant pays $500/month, on annual leases. See below for access to the leases.

Second floor: Shell space. Accessed from a common stairwell in the front of the building. Exposed walls and wood floor. Suitable for storage, conversion to commercial or residential use.

Partial basement

Mechanical
Updated 400 amp electrical service
2 meters (1st floor and 2nd floor)

LEASES:
Please fill out a Waiver and Confidentiality Agreement, sign it, and return it to the office of the Auctioneer by fax to 410-296-4420 or email info@ajbillig.com. Once the completed form has been received, you will receive the leases via email. Requests are normally answered Monday-Friday 9 am-4 pm.

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

TAXES:
Annual real estate taxes are $2,029.60

MANNER OF SALE:
3211 and 3221 Noble Street will be offered separately and as an entirety. Click here for details about 3211 Noble Street.

TERMS OF SALE:
A $10,000 deposit, for each property, and $20,000 if sold as an entirety, 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 within 24 hours at the Auctioneer’s office. 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.

No Buyer’s Premium!