REAL ESTATE AUCTION - Live onsite and simulcast online bidding - Wednesday, December 3 to Thursday, December 4 at 11:00 a.m. See auctioneers website for complete details. $200,000 opening bid. GENERAL INFORMATION: The auction includes a commercial property assemblage on the west side of Pennsylvania Avenue near the historic Seton Hill neighborhood of Downtown Baltimore. The property is located on the west side of Pennsylvania Avenue and includes two storefront buildings, recently vacated by a Carribean Restaurant, and an adjacent surface parking lot. The sale provides an opportunity to purchase potential income producing properties or for redevelopment sites in a very desirable location. LOCATION: The property is situated in the western portion of Downtown Baltimore, north of Franklin Street (US-40), south of MLK Jr. Boulevard, west of St. Mary’s Park and east of the former Baltimore Social Security Administration Building, which is being redeveloped as the new headquarters for the Maryland Department of Health. The site is within walking distance of the University of Maryland Medical Center and professional schools, University of Baltimore, Maryland Institute College of Art, theaters, restaurants, employment centers, stadiums and attractions. The central location provides excellent highway access to I-83, I-95, US-40 and the Baltimore-Washington Parkway (MD-295). Large-scale residential and commercial developments are underway nearby. SITE: Three contiguous lots, situated on the west side of Pennsylvania Avenue, comprising approximately 11,412 square feet of land. Approximately 8,607 square feet consist of an asphalt paved surface parking lot. The balance is improved by adjoining four-story buildings. Block Plat Public utilities ZONING: 510 Pennsylvania Avenue - C-2, Community Commercial District 512 Pennsylvania Avenue - C-2, Community Commercial District 514 Pennsylvania Avenue - R-8, Residential IMPROVEMENTS: 510 Pennsylvania Avenue - 6,444 square feet of building area, 1,611 square feet of basement space, circa 1920. Four-story in-line storefront building. 512 Pennsylvania Avenue - 4,656 square feet of building area, 1,164 square feet of basement space, circa 1920. Four-story end-of-group building. 510-512 Pennsylvania Avenue were recently occupied by a Carribean Restaurant for $3,800 per month. The buildings are interconnected. Portions have gas forced air heat and central air conditioning, condition of the HVAC systems is unknown. 514 Pennsylvania Avenue - paved parking lot PUBLISHED ANNUAL REAL ESTATE TAXES: 510 Pennsylvania Avenue - $3,587, based on a full value assessment of $152,000. 512 Pennsylvania Avenue - $3,455, based on a full value assessment of $146,400 514 Pennsylvania Avenue - $2,589, based on a full value assessment of $109,700 Total Annual Taxes - $9,631 TITLE: The properties are in fee simple and sold free and clear of liens. Baltimore City Deed Book FMC 15180, Page 1. SUMMARY TERMS OF SALE: Please see the contract of sale for complete terms. Live Auction Bidders - A $25,000, payable by cashier's check, will be required of the purchaser at time and place of sale. If necessitated by price, the deposit shall be increased to 10% of the purchase price by cashier’s check or wire transfer by 11:00 a.m. on Friday, December 5, 2025 (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, payable by cashier’s check or wire transfer, 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. If necessitated by price, the deposit shall be increased to 10% of the purchase price by cashier’s check or wire transfer by 11:00 a.m. on Friday, December 5, 2025. 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. 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. Interest to be charged on the unpaid purchase money, at the rate of 12% per annum, from the date of contract to date of settlement. 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. Time is of the essence. A 5% buyer’s premium will be added to the final bid price and shall become part of the contract price.