Alex Cooper Real Estate


Upcoming Auctions


Featured
Foreclosures / Court Ordered Auctions

  • S
  • M
  • T
  • W
  • T
  • F
  • S
  August 6th @ 2:00PM
Bankruptcy Auction Sale: 48,000+/- Sq Ft. & 3,300+/- Sq. Ft. Commercial/Industrial Buildings Zoned B-3-2 on 1.51+/- Acres in "East Baltimore"
700-708 E. Monument St., Baltimore, MD 21202
View Slideshow





By the order of the United States Bankruptcy Court District of Maryland (Baltimore) Case#: 08-26265-NVA, Re: Baltimore Opera Company, Inc. (Brian A. Goldman, Trustee)


Improved by 2 brick buildings totaling approximately 51,000+/- square feet. Lot size approximately 1.51+/- acres.

Structure #1 is a 48,000 +/- square foot, two story, brick and block commercial/industrial building. The dimensions break down as follows:

Full lower level with 9' ceilings totaling 22,261+/- square feet.
Light shop with 16' ceilings totaling 1,422+/- square feet.
Rehearsal room with 20' ceilings totaling 5,540+/- square feet.
Paint deck with 12' ceilings totaling 5,451+/- square feet.
Workshop with 12' ceilings totaling 10,412+/- square feet.

In addition to the above there are numerous other rooms.  Structure #2 is a 3,300+/- square foot, one story brick building.  The property has five ground rents totaling $140 to be paid semi-annually.


The buildings also feature:

* 4 Loading bay doors with adjustable ramps and load lights.
* 8 Truck bays
* Three lofts
* Zoned Commercial (B-2-3)
* Great location, minutes to I-83 and the Inner Harbor.

 



5% Buyers Premium Added To The Hammer Price

Summary of Terms of Sale: A deposit in the form of cash, cashier's check or certified check for $50,000 is due at the time and place of sale. The difference to bring the deposit up to 10% of the purchase price is due 3 business days after the sale in the auctioneer's office. Settlement is 60 days from sale date. Purchaser to obtain property and personal injury insurance as of sale date. If payment of the balance of the purchase price 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. The Purchaser will pay interest on the unpaid portion of the purchase price from date of sale to date of settlement at the rate of 8% per annum. All expenses, including real estate taxes, sanitary and/or metropolitan district charges, special assessment and private utility charges are to be adjusted to date of sale 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
Jon Levinson
410-828-4838
jon@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.



Other Views