Row of Downtown Buildings Near Lexington Market Sells for Nearly $1M

10/13/20

By Ed Gunts, Baltimore Fishbowl

It’s not often that an entire row of buildings in downtown Baltimore comes up for sale, but that’s what happened this month when nine properties in the 200 block of Park Avenue went up for auction and triggered a flurry of last-minute bids.

The winning bidder offered $960,000 to acquire the nine buildings at 219 to 237 Park Avenue, beating out 13 other parties that registered for the sale, conducted virtually by A,.J. Billig & Co. Auctioneers. Bidding began online on October 9, with a starting price of $500,000, and ended at 1:05 p.m. today.

So many bids came in during the last half hour that the original end time of 1:00 p.m. was extended to give bidders a chance to submit final offers. From 12:30 p.m. to 1:05 p.m., bids increased from below $700,000, mostly in $10,000 increments, to the top figure of $960,000. There were 35 bids in all, including 12 after 1 p.m.

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