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July 21st @ 12:30PM

Prime Commercial & Industrial Assemblage Located in "Little Italy/Fells Point"

409 S. Spring Street and 1423 Bank Street, Baltimore, MD 21231

Aerial View of 409 S. Spring Street and 1423 Bank Street

Note: 409 S. Spring Street and 1423 Bank Street are being sold only as an entirety.

1423 Bank Street Description

Prime unimproved commercial lot with 16' of road frontage along Bank Street and 81' of road frontage along Spring Street. Total Lot size is 1,312 +/- Sq. ft. or 0.03 +/- acres.

The lot is zoned B-3-3 Community Commercial. This zoning provides an excellent opportunity to create retail frontage along Bank Street with access to the large Spring Street industrial building.

409 S. Spring Street Description

The property is improved by a 14,400 +/- sq. ft. one and three story, owner occupied industrial building.

The first level contains:

70' x 38' large open area with access to Spring Street through an overhead garage door.
70' x 30' area which is partitioned into warehouse, storage and workshop sections.
70' x 42' large open area with access to Spring Street through an overhead garage door.
70' x 38' large open area used as a workshop.

The second level contains:

70' x 38' area which is partitioned into a showroom, offices, residential living area (family room & kitchen) and restroom.

The third level contains:

70' x 38' area which is partitioned into three bedrooms and a full bathroom.

Ground Rent: This information will be available shortly.

Summary of terms of sale: A deposit in the form of cash, cashier's check or certified check for $40,000 is due at the time and place of sale. The difference to bring the deposit up to 10% is due 3 business days after the sale in the auctioneer's office. Settlement is 60 days from the sale date. If payment of the balance of the purchase price or deposit is not paid within the specified period, the deposit will be forfeited and the property may be resold at the risk and expense of the defaulting purchaser. All expenses, including real estate taxes, and sanitary and/or metropolitan district charges, are to be adjusted to date of settlement and assumed thereafter by the purchaser. Cost of all documentary stamps, settlement costs and transfer taxes to be paid by the purchaser. The property will be sold in "As is" condition without express or implied warranty as to the nature and description of the improvements. The property will be sold subject to easements, agreements, restrictions or covenants of record affecting the same, if any. Dimensions and acreage are more or less. Time is of the essence as to the terms of this contract.

Click Here For The Full Sale Terms In PDF Format

Contact Agent

Matthew Cooper
410-977-4711
matt@alexcooper.com

Note: The information contained herein was obtained from sources deemed reliable, but is offered for informational purposes only. The Auctioneer, the Sellers, and their respective agents and representatives do not make any representations or warranties with respect to the accuracy of the information contained herein. Prospective purchasers are urged to make their own inspection.