443-447 E 25th St Local commercial 790 m² À vendre Baltimore, MD 21218 88 100 € (111,56 €/m²)

ONLINE REAL ESTATE AUCTION
$100,000 Opening Bid
NORTH BALTIMORE
– Barclay Neighborhood –
THREE-BUILDING ASSEMBLAGE
Zoned C-1: Commercial
Known As
443, 445 & 447 E. 25TH STREET
Near the Corner of Greenmount Avenue
Baltimore City, MD 21218
ONLINE BIDDING OPENS
MONDAY, MAY 12, 2025
ONLINE BIDDING CLOSE
WEDNESDAY, MAY 14, 2025 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:
443, 445 & 447 E. 25th Street are located in the Barclay neighborhood in North Baltimore. Surrounding neighborhoods include Old Goucher, Charles Village, Harwood, Charles North and Greenmount West. A portion of the neighborhood, mostly to the south and east, comprises the Station North Arts and Entertainment District. The Maryland Institute College of Art (MICA), University of Baltimore, Johns Hopkins University and Penn Station are all within approximately one and one half mile.
The area has seen significant development over the past 10 years. Station North and nearby Remington have received much of the media attention, with Old Goucher, Barclay, Harwood and Better Waverly also seeing steady investment. Major projects along Greenmount Avenue, North Avenue and 25th Street have also attracted awareness, with new and fully renovated townhomes throughout the neighborhood.
The auction provides an opportunity to buy three contiguous buildings in a location that has been steadily increasing in demand for several years. The buildings are well situated for a variety of multi-family, mixed-use and commercial purposes.
SITE:
The properties are located on the south side of E. 25th Street, one building from the corner of Greenmount Avenue. 445 & 447 E. 25th Street are combined in tax records. 443 E. 25th Street is a separate tax record.
Total lot size 45' x 95'
Public utilities include water, sanitary sewer, gas, electricity, telephone and internet.
ZONING:
The properties are located in a C-1, commercial, zone.
Zoning allows for a variety of residential, commercial and special purposes uses.
IMPROVEMENTS:
Three contiguous three-story commercial buildings, constructed in 1900, according to public tax records. All buildings require renovations and are vacant. A new roof was installed on all buildings within the last 5 years.
443 E. 25th Street is believed to contain 2,700 square feet of total building area. The building is arranged as one large room, on the first floor; gutted and partially framed second and third floors. Unfinished crawl space. Access to the second and third floor is through 445 E. 25th Street.
445 & 447 E. 25th Street are believed to contain 5,800 square feet of total building area. Both buildings share a first floor footprint arranged for a deli and grocery store. The second and third floors are gutted and partially framed. Unfinished basement in the building known as 447 E. 25th Street and a crawl space at 445 E. 25th Street.
MANNER OF SALE:
All buildings will be sold as an entirety offering only. No building will be sold individually.
TITLE:
All properties are in fee simple and sold free and clear of all liens. Baltimore City Deed Book Liber FMC 15250, Folio 478.
TAXES:
Published annual real estate taxes are a total of $5,400 based on a full value tax assessment (combined) of $225,000.
SUMMARY TERMS OF SALE:
Please see the contract of sale for complete terms.
A $10,000 or 10% deposit, whichever is greater, payable by cashier’s check or wire transfer, will be required of the purchaser by 4:00 P.M. on the day of 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 Seller makes no representations or warranties as to the condition of the Property or any improvements thereon and Purchaser acknowledges and agrees to purchase the Property in its “AS IS/WHERE IS” “WITH ALL FAULTS” condition and basis, subject to all easements, agreements, restrictions or covenants of record, zoning, and all laws, regulations, and governmental rules 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. A 6% buyer’s premium will be added to the final bid price.