1500 W Baltimore St 3,660 SF Retail Building Baltimore, MD 21223 $200,000 ($54.64/SF)

POST AUCTION - BUY-IT-NOW: $200,000
FRANKLIN SQUARE
END-OF-GROUP
STOREFRONT BUILDING
3,660 Sq. Ft. GBA - Zoned C-2 ? Enterprise Zone
Arranged for Storefront & Apartment
Known As:
1500 W. BALTIMORE STREET
Corner N. Stricker Street
Baltimore City, Maryland 21223
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:
1500 W. Baltimore Street is a three-story end-of-group storefront building prominently located at the corner of W. Baltimore Street and N. Stricker Street in the Franklin Square neighborhood of southwest Baltimore City. The property contains 3,660 ± square feet of gross building area and is zoned C-2, permitting a wide variety of commercial and residential uses. The building was formerly arranged for a storefront business on the first floor and apartment space on the upper levels. With excellent visibility, corner exposure, and proximity to major employment centers, the property presents an excellent opportunity for investors, business owners, or live-work users seeking a renovation or adaptive-redevelopment project in an area experiencing ongoing revitalization.
LOCATION:
1500 W. Baltimore Street is located in the Franklin Square neighborhood of southwest Baltimore City, positioned just west of Downtown. Surrounding neighborhoods include Poppleton, Harlem Park, and Penrose/Fayette Street Outreach. Situated along W. Baltimore Street, one of the city’s main east–west corridors, the property benefits from excellent visibility and strong daily vehicle and foot traffic. The corridor features a mix of storefronts, restaurants, small offices, and residential properties and benefits from close proximity to major employers, including the University of Maryland Medical Center, Grace Medical Center, and the University of Maryland BioPark. The location also provides convenient access to Lexington Market, Hollins Market, the B&O Railroad Museum, Camden Yards, and M&T Bank Stadium, placing it within reach of many of Baltimore’s most recognizable landmarks.
The surrounding area has experienced a steady resurgence in recent years, with rehabilitation projects, new residential construction, and commercial investment extending throughout the immediate area. The Hollins Market renovation, expansion of the UM BioPark, and the Southwest Partnership’s redevelopment initiatives continue to spur investment in the area. With easy access to Downtown Baltimore, I-395, I-95, and US-40, Franklin Square offers both accessibility and opportunity in an area that continues to experience significant reinvestment and revitalization.
For more information about the area, please visit:
Franklin Square – livebaltimore.com
Southwest Partnership – swpbal.org
CityView Map – cityview.baltimorecity.gov
CoDeMap – cels.baltimorehousing.org
SITE:
Lot size: 0.0380-acre, more or less, according to public tax records
Fronts 18' on W. Baltimore Street and 89' on N. Stricker Street.
Block Plats
CELS Map
CityView Map
ZONING:
Zoned C-2, commercial.
The property is within an Enterprise Zone, offering an array of incentives for business owners and developers. For more information click the link below:
Enterprise Zone and Focus Area – www.baltimoredevelopment.com
IMPROVEMENTS:
Three story end-of-group brick storefront building – constructed in 1920, containing 3,660 square feet of gross building area, according to public tax records. The property was formerly arranged for an ice cream parlor on the first floor and apartment on the upper levels. Exterior features include brick construction, a steel fire escape, wood double hung windows, multiple exterior entrances and flat built-up roof.
The property is arranged as follows:
First Floor –
Bar area – wood flooring, tile flooring behind bar
Powder room – wood flooring
Powder room – wood flooring
Unfinished storefront/storage space
Second floor –
Kitchenette – tile flooring
Powder room – wood flooring
Dining area – wood flooring
Living area – wood flooring w/wood burning fireplace
Third Floor –
Bedroom – LVP flooring
Unfinished middle floor area – potential for bedroom w/bath
TITLE:
In fee simple; sold free and clear of liens.
TAXES:
Current annual real property taxes are $1,194.16 based on a full value tax assessment of $50,600.
SUMMARY TERMS OF SALE:
Please see the contract of sale for complete terms.
Live Auction Bidders – A deposit of $20,000, 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 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 deposit of $20,000 or 10%, whichever is greater, payable by cashier’s check or wire transfer, is required of the purchaser by 4 P.M. on the day of the auction. No exceptions.
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.
See Auctioneer's website or flyer for more complete information. List price is opening bid for the auction only.