REAL ESTATE AUCTION Live Onsite & Simulcast Online Bidding $200,000 Opening Bid DOWNTOWN BALTIMORE OFFICE BUILDING 4,100± SF - Zoned C-5-TO Located Opposite Clarence M. Mitchell, Jr. Baltimore City Courthouse Known As 214 E. LEXINGTON STREET Baltimore, MD 21202 Online Bidding Opens TUESDAY, JUNE 10, 2025 Live Onsite Auction WEDNESDAY, JUNE 11, 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: 214 E. Lexington Street is located in Downtown Baltimore, one block from City Hall and opposite the Baltimore City Circuit Courthouse. The property has been occupied by Fred W. Frank Bail Bonds and Lexington National Insurance Corporation since 1991. The building is well-maintained and suitable for single or multi-tenant occupancy. LOCATION: The property is situated on the north side of Lexington Street, east of Calvert Street and west of Guilford Avenue, in Baltimore’s central business district. The site is within walking distance of City Hall, Baltimore Circuit and District Courts, government office buildings, the Inner Harbor, restaurants, apartments and large parking facilities. Public bus and Metro subway service are nearby. The property is convenient to the Jones Falls Expressway (I-83) and I-95. SITE: Lot size 24’6? x 67', comprising 1,641 square feet. The building encompasses most of the lot. Plat Zoning C-5-TO, permitting a wide variety of commercial land uses Public utilities IMPROVEMENTS: Three Story Masonry Inline Office Building, constructed in 1905, containing 4,100 square feet of gross building area above grade and 1,641 square feet below grade, according to public tax records. The building has two front entrances and double-hung windows. The built-up roof was partially re-coated in 2018 and received further maintenance in 2024. Interior finishes are drywall, carpeting, acoustical tile ceilings and florescent lighting. First Floor – reception counter, open plan office area, private office, two rest rooms, rear exit Second Floor – large office with brick fireplace, large office with kitchenette, small office, rest room, storage closet Third Floor – two rooms, brick fireplace, ceramic tile rest room with shower Basement – unfinished, two stairways Mechanical – two electric heat pump/central air conditioning units (installed 2017), single and three-phase electrical power, electric water heater TITLE: The property is in fee simple and sold free and clear of liens. Baltimore City Deed Book SEB 3017, Page 368. TAXES: Published annual real estate taxes are $5,855, based on a full value tax assessment of $248,100. SUMMARY TERMS OF SALE: Please see the contract of sale for complete terms. Live Auction Bidders – a $25,000 deposit, 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 $25,000 deposit, 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. The deposit shall be increased to 10% of the purchase price by cashier’s check or wire transfer by 4:00 P.M. on the day of auction. Deposit Escrow Agreement 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. Interest to be charged on the unpaid purchase money, at the rate of 12% per annum, from date of contract to date of settlement. All adjustments, including taxes, all other public charges and assessments payable on a monthly or annual basis, and sanitary and/or metropolitan district charges, if any, to be adjusted for the current year to date of contract and assumed thereafter by the purchaser. The property will be sold in “AS IS, WHERE IS” condition, subject to easements, agreements, restrictions or covenants of record affecting same, if any. Purchaser assumes the risk of loss from the date of contract forward. The Purchaser waives and releases the Seller, the Auctioneers, and their respective agents, successors and assigns from any and all claims the Purchaser and/or its successors and assigns may now have or may have in the future relating to the condition of the property, including but not limited to the environmental condition thereof. If the Seller is unable to convey good and marketable title, the purchaser’s sole remedy in law or equity shall be limited to the refund of the deposit. Upon refund of the deposit this sale shall be null and void and of no effect, and the purchaser shall have no further claim against the Seller or Auctioneers. Recordation costs, transfer taxes and all costs incidental to settlement to be paid by the purchaser except where otherwise mandated by local, State or Federal law. Time is of the essence. A 5% buyer’s premium will be added to the final bid and will become part of the purchase price.