"Laurel"

High Visibility Tavern Building
0.18 Acre +/- with On-Site Parking and Apartment
Formerly Occupied By: "Sportsman's Pub"
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Listing Details

Sold Price
$160,000
Auction Date
Auction Time
2:00 PM
Address
116 S. Washington Boulevard (US-1), Laurel, MD, 20707
County
Prince George's County
Neighborhood
Laurel
Inspection
The property will be open one hour before the auction, and for one scheduled open house based on demand. Please call 410.296.8440 or email info@ajbillig.com to state your interest in inspecting the property prior to the auction.
Financing
See our Financing Page for a list of auction-oriented lenders.
Scroll down for Complete Details, including: property description, additional photos, and Terms of Sale.

Additional Photos

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REAL ESTATE AUCTION

LAUREL

HIGH VISIBILITY
TAVERN BUILDING
0.18 Acre +/- ◆ On-Site Parking ◆ Apartment

Sale On Premises
116 S. WASHINGTON BOULEVARD (US-1)
Formerly Occupied By:
"Sportsman's Pub”
Prince George’s County, MD 20707

THURSDAY, MAY 21, 2015
AT 2:00 P.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.

LOCATION:
116 S. Washington Boulevard is located in downtown Laurel, just south of Main Street. Laurel is a well known historic City between Baltimore and Washington D.C., and overlaps several counties. The community features historic buildings, well utilized storefronts and larger commercial complexes. Washington Boulevard (US-1) is a 3 lane road with a brick street scape. According to Maryland State Highway Administration statistics published March 16, 2015, more than 17,000 cars per day pass the site. The property may be suitable for redevelopment. 

For more information about Laurel, please visit:
http://www.cityoflaurel.org/
and
http://www.princegeorgescountymd.gov/

SITE:

  • Level lot containing 7,750 square feet, or 0.18 acre, more or less - according to public tax records
  • Fronts approximately 50' along Washington Boulevard, and 170' along an alley binding the north side of the building. Public parking in front of the property.
  • Macadam paved parking lot for approximately 8 cars
  • Formerly enclosed patio area suitable for another 8-10 car parking
  • All public utilities

washington116 gisaerial

Zoning:

washington116 zoning

IMPROVEMENTS:
Two Story Freestanding Tavern Building with Apartment - according to public records, the building was constructed in 1940 and contains 5,320 square feet of gross building area.  The tavern portion of the building is currently vacant, and the apartment is currently rented for $900/month to a month to month tenant. The building is arranged as follows:

Exterior
Brick, masonry and siding
Flat built-up and aluminum pitched roof
Light-up box sign

Interior
First Floor - laminate floor, mix of open and drop ceilings
Open bar area with "u" shaped bar
Stage area
Two powder rooms
Game area
Two private offices with safe

The tavern area is in need of renovation. Equipment has been removed, and there is no current liquor license.

Second Floor - apartment
Living room
Kitchen
Two bedrooms
Full bath
Separate exterior entrance

The apartment is currently rented for $900/month, on a month to month lease.

Mechanical
Gas forced air heat
Central air conditioning

TITLE:
The property is in fee simple and sold free and clear of liens.

TAXES:
Published annual taxes for 2014-2015 are $11,487.07 based on a full value assessment of $583,600. Purchasers may petition for a reduction in the assessment of their property in conjunction with a purchase price substantially less than the currently assessed value of the property. Purchasers are encouraged to contact SDAT concerning the appeals process and may see the following link for helpful information:  http://www.dat.state.md.us/sdatweb/appeal.html.

INSPECTION:
The property will be open one hour before the auction, and for one scheduled open house based on demand. Please call 410.296.8440 or email info@ajbillig.com to state your interest in inspecting the property prior to the auction.

TERMS OF SALE:
A $10,000 deposit, payable by certified check or 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.  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 sale to date of settlement. Taxes, rents and all other public charges and assessments, payable on a monthly or annual basis, including sanitary and/or metropolitan district charges, if any, to be adjusted for the current year to date of sale and assumed thereafter by the purchaser. The property will be sold in "AS IS" condition, and subject to easements, agreements, restrictions or covenants of record affecting same, if any. The Purchaser agrees to waive the right of inspection for lead paint, as provided under current Federal and State law.  Purchaser assumes the risk of loss from the date of sale 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.

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