3818 Roland Ave - Office/Residential FOR SALE


Baltimore, MD 21211- Hampden
$300,000 USD
410-206-3522
3818 Roland Ave, Baltimore, MD for Sale
$300,000 USD
Office/Residential - FOR SALE
1/21
null | Request Cap Rate

3818 Roland Ave
Baltimore, MD 21211
Hampden


HIGHLIGHTS

  • Real Estate Auction to The Highest Bidder Over $300,000
  • 5 Minute walk to the "Avenue"
  • Corner Property
  • Garage Parking
  • Easy Access to I-83 (JFX)

OVERVIEW

REAL ESTATE AUCTION Featuring Live & Simulcast Online Bidding – To the Highest Bidder Over $300,000 – HAMPDEN Two Story Brick FREESTANDING BUILDING 5,277 Sq. Ft. GBA – 0.14± Acre – Garage REDEVELOPMENT OPPORTUNITY: Single Family, Multi-Family, Commercial or Special Purpose Sale On Premises: 3818 ROLAND AVENUE Corner Rectory Lane Baltimore City, Maryland 21211 Online Bidding Opens MONDAY, APRIL 7, 2025 Live Onsite Auction Begins WEDNESDAY, APRIL 9, 2025 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. GENERAL INFORMATION: 3818 Roland Avenue is an architecturally unique building situated in a prime development location in North Baltimore’s Hampden neighborhood. The two story brick structure has a Charleston Single House design, with covered porches, bow windows and a variety of architectural details. Over the course of the building’s 100+ year lifespan it has been used for a variety of purposes, including both commercial and residential uses. With close proximity to a number of major area developments, including the newly redeveloped Rotunda mixed-use complex, the property is ideally situated for development as a single family home, apartment buildings, office, storefront or special purpose use. Concept drawings for use as an apartment building are available under the improvement description. The auction presents an opportunity to acquire a well-located building with good square footage, off-street parking and plenty of upside potential. LOCATION: 3818 Roland Avenue is located in the Hampden neighborhood in North Baltimore. Roland Park and Medfield are located to the north, Jones Falls Expressway (I-83) and Woodberry to the west, Wyman Park and Johns Hopkins University to the east and Remington to the south. Hampden itself has seen a tremendous amount of development over the past couple of decades, as have the immediately surrounding areas. In addition to Johns Hopkins University, other major nearby employers include Loyola University of Maryland, Union Memorial Hospital and Sinai Hospital. Retail shopping in the immediate area is great, with the Rotunda a couple of blocks east, The Avenue (W. 36th Street) a couple of blocks south, and the Falls Road corridor two blocks west. Parks and recreational opportunities also abound nearby. Roland Avenue itself is among the most architecturally impressive in Maryland, and is home to a variety of stately homes, the Roland Park Water Tower, independent and public school buildings and a number of religious facilities. For more information about the area, please visit: Neighborhoods – livebaltimore.com CityView Map – cityview.baltimorecity.gov Community Development Map – cels.baltimorehousing.org SITE: Lot size – 49' x 125', comprising 6,125 square feet or 0.14 acre, more or less, according to public tax records 49' frontage on Roland Avenue. 125 frontage along Rectory Lane. Curb cut and parking pad (in front of 3 car garage) on Rectory Lane All public utilities. Block Plat CELS Map ZONING: R-6 Residential For more information about zoning, please visit: Department of Planning – planning.baltimorecity.gov IMPROVEMENTS: Two story brick building – according to tax records was constructed in 1920, contains 3,518 square feet above grade, 1,759 square feet below grade and a 24' wide garage. Exterior styling is as a Charleston Single House, with covered front and side porches on the first and second floor, bow windows, oriel, decorative brick work and roof detail. The property is currently arranged for commercial use on the first floor and residential use on the second floor. Features include dual zone HVAC, front and rear stairwells, internal ramp to basement, some replacement windows and some new lighting and electrical service. The first floor is arranged for 3 rooms with wood floors and powder room. The second floor is arranged for a living room, dinining room and kitchen combination, 3 bedrooms (or offices), two full baths and laundry area. Partially finished basement with front and rear access. The property has received some updating and renovation over the past couple of years, but further renovation, notably for different intended uses, is required. Concept Drawings: Existing Elevations Proposed Elevations Proposed Floor Plan Floor Plan Schematic Revisions TITLE: In fee simple; sold free and clear of all liens. TAXES: Current annual real estate taxes are $13,738.34 based on a full value tax assessment of $582,133. SUMMARY TERMS OF SALE: Please see the contract of sale for complete terms. Live Auction Bidders – a $30,000 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 by within 24 hours at the Auctioneer’s office (company or personal checks for the increased deposit will be accepted at the sale site or wiring instructions will be provided). Online Auction Bidders – a $30,000 deposit, payable by cashier’s check or wire, will be required of all online bidders prior to the start of the live auction. The deposit will be held in escrow until the completion of the auction and will be retained from the winning bidder. Other bidder deposits will be returned within one business day. Interested parties who do not provide a deposit in advance as stated above will not be permitted to bid. The deposit shall be increased to 10% of the purchase price by cashier’s check or wire transfer by 4:00 P.M. on the day of auction. Deposit Escrow Agreement Note: Full terms of sale available from listing broker and via sample contract. Property to be sold to the highest bidder over $300,000. Please see link to broker's website for further registration information and access to the online bidding platform.

FOR SALE DETAILS

PRICE

$300,000 USD

PRICE/SF

$85 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Office/Residential

ADD'L SUBTYPES

Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

3

BUILDING CLASS

C

YEAR BUILT

1920

SPRINKLERS

-

PARKING SPACES

5

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

6,125 SF

ZONING

R-6

APN/PARCEL ID

3563A-039

ASK ABOUT THIS PROPERTY

Charles BilligA.J. Billig & Co. AuctioneersMore Info
410-206-3522

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Charles BilligA.J. Billig & Co. AuctioneersMore Info
410-206-3522

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.