4 LOTS - COMMERCIAL * RESIDENTIAL MD Maryland Baltimore Maryland - MD - Baltimore - Near Harbor - 21225 City Start Price USD 1.00 Current Price USD 8,988.88 Time Left - Bid Count 20 Buy It Now Price USD 59,999.00 Reserve Price - Start Time Friday, October 24, 2008 End Time Sunday, November 23, 2008 Location Baltimore, MD See more about '4 LOTS - COMMERCIAL * RESIDENTIAL MD Maryland Baltimore' Description Location: Brooklyn in Baltimore City -- KEEP FOR FUTURE BUILDOUT. COMMERCIAL OR RESIDENTIAL OPPORTUNITY!! NEW DEVELOPMENT 1 BLOCK AWAY WITH 30+ HOMES AT $180,000+. MAY MAKE GREAT CONTRACTOR SHOP - COMBO - STORAGE BUILDING ON THESE LOTS. NO CHEAPER ANYWHERE ELSE!! 523 - 529 Freeman St. (4) total Lots Baltimore, MD 21225 Property Type: Land -- 4 Lots - +/- 2,632 Sq Ft Total Overview: These 4 lots located in Brooklyn area of Baltimore City have a combined square footage of +/- 2,632. Zoned B-2-2 add 4 new homes with garages or add Zoning B-2-2 uses.   You must verify all potential uses.  THESE LOTS HAVE VERY VALUABLE ZONING USES FOR THE RIGHT BUSINESS OWNER OR INVESTOR. *  You may find help with verifying uses on pgs 168-179 of the Balt City Zoning Ordinance Book.  Cut and paste the following link to your browser:      http://cityservices.baltimorecity.gov/charterandcodes/Code/Art%2000%20-%20Zoning.pdf *   May be able to build so many different things on these lots.  You will see pics of four townhouses that were on the lots.  The street has storage garages on the complete other side of the street.  Therefore, in my opinion only, it may be better suited to build some sort of commercial storage or building or garage...etc.  You will need to look up the uses for the zoning on the Baltimore City website and zoning uses.  I would think even from just an investment standpoint, building 1 large storage building for personal/commercial uses, or, building up to (4) would be ideal to rent out.  You may be able to configure other footprints on the lot like a "U" shape with smaller commercial storage units or maybe even a 2 story storage structure.  Something can be done here, you will just have to figure out the highest and best use.  Perfect for someone who is self employed and needs storage space, rather cheaply.  Possibly build a 45x40 building on the 45x56 lot and leave 15' in the front for parking??  *   You will see the previous (4) townhouses that were on here in the pics, but, they were already removed at the cost of @ $12,000 by a professionally licenced demolition company.  I can provide all recipts.  *  For the business owner who rents space to run a business, you may be able to have a steel building dropped on a concrete slab over all four lots with bay doors and a small office inside. Instead of renting for $3,000+ per month you own for half of that. *  If financing is needed, I may have some local lenders who I can turn you on to, who would be very interested in the project.  I may entertain a small seller 2nd, but, only if terms were right.  I may entertain a 1st lien position, to be taken out in 1-2 yrs if terms were right, and construction money was in 2nd position.   *  For FYI - my costs into these lots top out over $100,000.00.   My reserve is much lower.  MY RESERVE IS CONSIDERABLY LOWER THAN THE BUY IT NOW PRICE AS WELL -- BUT YOU'LL BE TAKING A CHANCE TO SEE IF YOU GET IT FOR THAT PRICE -- IF YOU DO YOUR HOMEWORK YOU WILL SEE THE BUY IT NOW PRICE IS AN INCREDIBLE DEAL -- EVEN IN THIS MARKET!!   So, if you wish, you can bid up to the reserve and hope you get it, OR, Take the BUY IT NOW and lock in one great deal.   Currently listed with an agent at $20,000 more than BUY IT NOW. Good luck with your bidding.  I am open to ending the auction early with offers - I will leave it up to you.Buildings removed in the last 60 Days (PICS SHOW PRIOR HOUSES ON LOT) HOUSES MAY NOT BE BEST AND HIGHEST USE OF LAND....HAS COMMERCIAL POTENTIAL!!!!! Each Lot Lot Area (+/-) .02 Acres, (+/-) 658 Sq Ft Lot Dimensions (+/-) 12' x 56' Zoned B-2-2 Road Frontage (+/-) 12 Feet Total Lot Area (+/-) .08 Acres, (+/-) 2,632 Sq Ft Total Lot Dimensions (+/-) 48' x 56' Additional Information: 523 Freeman Street Ground Rent (+/-) $69 525-529 Freeman Street Fee Simple On Nov-20-08 at 13:14:45 PST, seller added the following information:RESERVE PRICE IS LOWERED -- 11/20/08 SINCE THERE IS A LOT OF INTEREST ON THESE LOTS -- I HAVE LOWERED RESERVE $5,000 TO SELL THESE PROPERTIES!!!!  REMEMBER, I AM NOT ONE OF THOSE SELLERS PUTTING THE RESERVE CLOSE TO THE BUY-IT-NOW PRICE!!  ALTHOUGH THE "BUY-IT-NOW" IS AN AWESOME PRICE, ALL I WILL SAY, IS THE RESERVE IS FIVE FIGURES LOWER.  MEANING MIN $xx,xxx LOWER. DO NOT LOSE THIS OPTION TO OWN THESE PROPERTIES.  IF THEY DONT SELL, I HAVE DECIDED TO PURSUE TO CONSTRUCT A STEEL COMMERCIAL BLDG ON THESE LOTS WITH 15' PKG IN FRONT, AN OFFICE INSIDE, BAY DOOR, AND THE REST BEING WORKSHOP/WAREHOUSE (OPEN).  THIS PERFECT FOR A MOVE UP SELF EMPLOYED BUSINESS OR A DOWNSIZING ONE.   I FEEL SOMEONE WILL EASILY BUY IT IN THE $175-225k RANGE, I DONT SEE THE CONSTRUCTION COSTING MORE THAN $50-75k.  YOU MAY MAKE SOME SERIOUS MONEY ON THIS. GOOD LUCK Place a Bid!