2 Mixed-Use Buildings in Mount Vernon

Two Adjacent Mixed-Use Buildings being sold separately and as an entirety.
OPENING BID WILL BE $400,000 PER PROPERTY.
1011 N. Charles St - Exceptional opportunity to purchase a substantially leased 6-unit apartment building conveniently located in the "Mt. Vernon" community of Baltimore City.
The property's Current Gross Scheduled Monthly Rent for the 5 occupied apartments is $6,035 (Annualized $72,420). The estimated market rent for the first floor vacant office unit is $2,800 (Annualized $33,600)
Potential Gross Annual rent at full occupancy is estimated at $106,000.
SITE: 27' X 185' +/- parcel zoned C-2 (Commercial) which is served by public water and sewer.
IMPROVEMENTS: 4-story masonry building which contains 7,680 +/- sq. ft. of above-grade building area.
The first floor is currently vacant and used as offices. (1,813+/- SF). It includes a private entrance, large reception area, conference room, 3 private offices, kitchenette and rear entrance to parking area.
There are 5 apartments on the 2nd-4th floors. These include 4 large 1BR/1BA units and 1 large 2BR/1BA unit. The building has 6 parking spaces in the rear.

1009 N. Charles St. - An exceptional opportunity awaits with this 10,019 +/- Sq. Ft. office building in Baltimore's prestigious Mount Vernon neighborhood. For many years, this address was home to Rita St. Clair Associates, a testament to the building's beautifully appointed interior and prime location.
SITE: 25' X 184' +/- parcel zoned C-2 (Commercial) which is served by public water and sewer.
IMPROVEMENTS: 5-Level building which contains 10,019 +/- sq. ft. of above-grade building area.
Main Level: Enter this exceptional property from either the convenient parking area or via a separate entrance on Charles Street, and be immediately captivated by its exquisite original details. The grand main room impresses with rich parquet floors, ornate moldings, and a magnificent marble fireplace crowned by an intricately carved mantel and a gleaming gilded overmantel mirror. The adjacent room, adorned with mosaic tile floors, leaded glass windows, and elegant marble wainscoting, leads to the sophisticated library. This haven features parquet floors, a striking beamed ceiling, extensive built-in bookshelves with leaded glass doors, and a beautifully carved wood overmantel mirror above the fireplace.
Lower Level: Features a reception area, conference room, 3 large work areas, bathroom and solarium.
Second floor: 2 private offices, full bathroom and a work/file area.
Third floor: Unimproved space with 2 large work areas, office/storage and 2 fireplaces.
Fourth floor: Unimproved space with 2 large work areas, office/storage, stairway to attic and 2 fireplaces.
The building has 4 parking spaces in the rear.

LOCATION: Mount Vernon is a designated National Landmark Historic District and a city Cultural District. It boasts stunning 19th century architecture and well kept parks. Being close to downtown, Mount Vernon is well-served by public transit and is blocks from Light Rail. The neighborhood is home to 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!
Zoning Code: Description of the C-2 Commercial Zone
The property is in a C-2, Community Commercial Zone. It allows for a variety of residential, institutional, and commercial uses. Pages 447-450 of the Baltimore City Zoning Code document, lists Permitted (P) and Conditional (CB & CO) Uses.
"10-204. C-2 Community Commercial District. (a) Areas for which intended. The C-2 Community Commercial Zoning District is intended for areas of small to medium scale commercial use, typically located along urban corridors, that are designed to accommodate pedestrians and, in some instances, automobiles. (b) Standards. The C-2 District standards are crafted to: (1) ensure compatibility among neighboring residential, commercial, and entertainment uses; (2) maintain the proper scale of commercial use; and (3) maintain a balance between high traffic volume and pedestrian circulation."

Diligence Package: Copy of the 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 23rd & ends Tuesday, January 28, 2024 at 12:00PM
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. If a lot receives a bid within the last 3 minutes. it will remain open for an additional 3 minutes. If any further bidding occurs, the extension timer will reset to 3 minutes. If no further bidding activity occurs, the lot closes when the timer runs out.