5003 Harford Rd Local commercial 1 177 m² 80 % Loué À vendre Baltimore, MD 21214 303 660 € (257,90 €/m²)

REAL ESTATE AUCTION
Opening Bid: $350,000
Live Onsite & Online Simulcast Bidding
HEIR’S SALE
– Hamilton-Lauraville Main Street –
COMMERCIAL ASSEMBLAGE
12,674± Sq. Ft. GBA - 0.63± Acre - Zoned C-1
Multi-Tenanted Commercial Buildings,
Paved & Gravel Parking Lots
Known As:
4921, 5001 & 5003 HARFORD ROAD
Corner Ailsa Avenue
Baltimore City, Maryland 21214
$120,000± Gross Annual Income - 80% Occupied – Value Add Opportunity
Online Bidding Opens
MONDAY, JULY 21, 2025
Live Onsite Auction
WEDNESDAY, JULY 23, 2025 AT 11:00 A.M.
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:
The subject assemblage is comprised of three properties known as 4921, 5001 and 5003 Harford Road. 5001 and 5003 Harford Road comprise two adjoining buildings containing 12,674 square feet of gross building area, occupied by 10 tenants paying a total of $10,035/month of gross rent. 4921 Harford Road comprises two parking areas, one paved parking lot for 10+ cars and one fenced and gravel contractor’s yard (neither leased). The property features a pole sign, multiple curb cuts and very healthy traffic counts. The auction provides an opportunity to purchase a well-positioned collection of assets with a long rental history that is prime for value-add improvements or comprehensive redevelopment.
LOCATION:
The property is located in the Waltherson neighborhood in northeast Baltimore City. The commercial district running along Harford Road in front of the property is part of the Hamilton-Lauraville Main Street District. Surrounding neighborhoods include Lauraville, Hamilton, Hamilton Hills and Moravia-Walther. Morgan State University is a little over 1 mile east via either E. Cold Spring Lane or Echodale Avenue. Lake Montebello is approximately 1.3 miles south along Harford Road. Downtown Baltimore and the Baltimore Beltway (I-695) are each within 4 miles, south and north respectively.
The Hamilton-Lauraville Main Street district is a vibrant community of businesses providing a wide variety of retail products, dining options, and countless different services, in addition to community oriented events throughout the year. Well known nearby businesses include Zeke’s Coffee, The Flower Cart, H&H Outdoors, Silver Queen Café, Koco’s Pub, and a handful of local, regional and national chains and franchises. Exposure at the site is healthy, with daily traffic of approximately 6,500 cars per day (AADT) according to MDOT transportation statistics.
For more information about the area, please visit:
Live Baltimore – livebaltimore.com
CityView Map – cityview.baltimorecity.gov
Community Development Map – cels.baltimorehousing.org
SITE:
The site comprises three lots totaling 0.633 acre, more or less.
5001-5003 Harford Road fronts 96' on Harford Road and 172’8? on Ailsa Avenue . Curb cut on Ailsa Avenue. Fenced and partially fenced rear parking areas. All public utilities.
4921 Harford Road fronts 61’6? on Harford Road and 180' on Ailsa Avenue. Two curb cuts on Ailsa Avenue. The front of the lot, closer to Harford Road, is asphalt paved for 10+ vehicle parking. The rear portion of the lot is gravel paved and fenced, previously used as contractor storage (approximately 12 vehicle parking).
Zoned C-1 Commercial, with both commercial and residential uses available.
IMPROVEMENTS & UNIT DESCRIPTIONS:
The property is improved by two adjoining buildings totaling 12,674 square feet of gross building area. The building is of both masonry block and frame construction over three total levels above grade and basement. Mixed finishes. Currently arranged for 12 commercial spaces (including small rear parking area at 5001 Harford Road) and residential apartment (vacant).
See elevation drawings below for space allocation.
There are currently 11 spaces rented for a total of $10,035/month gross rent, or $120,420/year. Landlord is responsible for most utilities and maintenance.
The gravel parking area at 4921 Harford Road is not currently leased. The paved parking area is used by agreement among the existing tenants.
TITLE:
The property is in fee simple and sold free and clear of liens.
FINANCIAL INFORMATION & LEASES:
Available after completion of CA on listing broker's website.
MANNER OF SALE:
Entirety sale only.
SUMMARY TERMS OF SALE:
Please see the contract of sale for complete terms.
Live Auction Bidders – A deposit of $50,000, payable by cashier’s check, will be required of the purchaser at time and place of sale.
Online Auction Bidders – A deposit of $50,000, payable by cashier’s check or wire, will be required of all online bidders prior to the start of the live auction. The deposit will be held in escrow until the completion of the auction and will be retained from the winning bidder. Other bidder deposits will be returned within one business day. Interested parties who do not provide a deposit in advance as stated above will not be permitted to bid.
Deposit Escrow Agreement
The deposit shall be increased to 10% of the purchase price within 24 hours at the Auctioneer’s office (wire or cashier’s check).
NOTES: List price is starting bid for the auction. Full terms of sale available via listing broker's website. Registration available through listing broker's website.