Description:

AN AFFORDABLE OPPORTUNITY FOR A GROWING CONGREGATION
St Gregory the Great, a ±9130-SF brick religious facility on three levels, affords plenty of space for ministry, and is ideal for an active congregation. The main entrance on Gilmor Street provides a wheelchair ramp for guests to enter the narthex, with double staircases to the sanctuary. The modern-style sanctuary features abstract stained glass windows and pew seating for approximately 150, plus generous space on either side of the altar for choir seating and musicians. The main level of the building includes multiple offices/classrooms, storage, ADA-compliant restrooms, and a spacious multi-purpose room with kitchenette. The lower level, currently used as a food pantry, is a large multi-purpose space with ceramic tile flooring, storage, and restrooms. A European-style two-occupant elevator provides sanctuary access (serviced in May). The majority of chattels will not convey with the sale.

The exterior of the property offers additional amenities, with a fenced meditation garden, grassed yard, enclosed courtyard (which also houses HVAC equipment), and a gated paved parking lot for approximately 15 vehicles (automated gate requires servicing). The 20-year standard shingle roof is expected to be nearing the end of its life.  The HVAC system comprises While the property could benefit from updates, it is essentially turnkey and ready for use.  The building is listed on the Maryland Inventory of Historic Properties; and, according to records, there is no easement restricting exterior alterations (see documents).  The broker and seller make no representations or warranties as to use, zoning, or condition.  Buyers should address all concerns during the feasibility period.  The property will be sold as is.

The seller has its own LOI, purchase agreement, and closing agent. The property deed will contain restrictive covenants. Showings are by appointment, and prospective buyers must be registered and qualified. Registered and qualified buyers may request a copy of the facilities condition report -- please email broker.

There will be an open house scheduled June 14, Saturday, 2-4, and all are welcome.

       Property Highlights                            

• Price: $438,000 | $47.97psf.
• Address: 1542 Gilmor Street, Baltimore, MD, 21217.
• Building size: ±9130 SF.
• Average floor size: 3043 SF.
• Parcel size: ±0.2 of an acre.
• Zoning: R-8 (residential, limited commercial uses; church by right).
• Historical inventory:  property is located in a historical district, and has also been inventoried by MHIP: B-4337 (see documents at the bottom of this page).  MEDUSA indicates there are no easments restricting the owner's ability to renovate the exterior.  Contact MHIP for additional details.
• Parking: paved, gated, and fenced for ±15 vehicles.
• HVAC: split systems with interior air handling units and exterior condensing units, along with site-mounted package units.  (Two AC units needing replacement; sanctuary is served by the remaining operational unit).

Sample Mortgage Terms

• Sale price: $438,000
• 25% down: $109,500
• Loan amount: $328,500
• Interest rate: 75%
• Amortization: 20 years

             Monthly payment of $2,497

   * * These figures are for illustrative purposes only.  Your lender may offer different terms.

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