List price to be opening bid at online only auction. Online auction to be conducted on Auctioneers website. Bidding begins Thursday, January 30th & ends Tuesday, February 4, 2025, at 12:00 PM. Estate Sale: Brick Building Located in "Downtown" Baltimore City Configured w/6 Units plus Garage.
An exceptional opportunity awaits with this 8,440 +/- Sq. Ft. building in Downtown Baltimore. For many years, the owner's apartment unit was occupied by Vince Alimo.
SITE: 26' X 126' +/- parcel zoned C-5HT (Commercial) which is served by public water and sewer.
IMPROVEMENTS: 4-Level building plus 2 lower levels. The building has a garage in the 2nd lower level and a parking space in the back alley. The building is configured with 3 residential units, 2 units previously used as offices and a retail space on the main level. There is currently a tenant in the retail space on the main level and a residential tenant in the upper level 2 unit. All other units are vacant. The owners unit on upper level 1 includes 2 bedrooms, 1 1/2 baths, kitchen with a dining area, living room, dining room and laundry room.
Note: The PR for the estate has been maintaining the property. In late 2024 she had the front of the building repaired and painted with Baltimore City approval, with a cost of over $40,000. She has updated and maintained the furnaces in the building. Most of the units have furnaces, a hot water heater and electric meter.
Zoning: C-5-HT Downtown Historic and Traditional Subdistrict. The purpose of the C-5-HT Downtown Historic and Traditional Subdistrict is to establish these standards for structures in an area of Downtown containing substantial historic and traditional architecture that has evolved since the founding of the City. Given the character of that development, this district is designed to require relatively low heights and the use of materials that reflect the existing development context. The above information is from Article 32 Zoning, Published by Baltimore City Department of Legislative Reference.
LOCATION: Downtown Baltimore is the central business district for the city. There are numerous restaurants throughout downtown, including Sotta Sopra as a neighbor. There are a mix of institutions, including the Peabody Conservatory, Walters Art Museum, University of Baltimore, Maryland Historical Society, Maryland Institute College of Art, Joseph Meyerhoff Symphony Hall, Baltimore School for the Arts, Lyric Opera House, Center Stage & much more!
Diligence Package: A copy of the leases, lead certificates, a purchase and sale agreement with assorted addenda are located in the documents section of the auctioneer's website, link below. In order to gain access, you must create a free account as well as accept a non disclosure agreement.
Auction Notes: Online Auction Only! Bidding begins Thursday, January 30th & ends Tuesday, February 4, 2025 at 12:00 PM.
Online Bidding Notes: The initial deposit must be made via credit card, wire transfer or by Cashier's Check. Please review the online bidding terms and deposit transmittal form in the Documents Section for more details.