"Southeast Baltimore - Highlandtown Area"

"O'Ryan's Pub" - Commercial Building, Parking Lot & Liquor License
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Listing Details

Sold Price
$240,000
Auction Date
Auction Time
2:00 PM
Address
53-55 S. Kresson Street & 4400-4410 E. Lombard Street, Baltimore, MD, 21224
County
Baltimore City
Neighborhood
Southeast Baltimore, Highlandtown Area
Inspection
At 1:00 p.m. on the day of the auction. Showings may be scheduled prior to the auction based on demand. Please email info@ajbillig.com or call 410.296.8440 to state your interest in inspecting the property prior to sale.
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

SOUTHEAST BALTIMORE
Highlandtown Area


COMMERCIAL BUILDING
Arranged for Bar, Liquor Store & Apartments

0.20+/- ACRE PARKING LOT
Separate Tax Bill - Zoned M-3 Industrial
- 2 Operating Billboards -

- 7 DAY BEER, WINE & LIQUOR LICENSE -

Sale On Premises
53-55 S. KRESSON STREET &
4400-4410 E. LOMBARD STREET
Known as "O'Ryan's Pub"
Baltimore City, MD 21224

TUESDAY, JUNE 14, 2016
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:
53-55 S. Kresson Street and 4400-4410 E. Lombard Street are located in the Kresson neighborhood of southeast Baltimore City, near Highlandtown, Greektown, Brewer's Hill and Orangeville. The property sits immediately west of I-895 exit 12. Traffic counts along E. Lombard Street are estimated to be 18,000 cars/day, with more than 200,000 cars/day passing a short distance away along I-895, I-95 and US-40 (according to State Highway Administration statistics). The Johns Hopkins Bayview campus, which has been expanding rapidly over the last several years, is approximately 1/4 mile to the east. The location serves as a major thoroughfare for both residents and employees of nearby neighborhoods and major employers.

O'Ryan's Pub has served the neighborhood for many years, and has at times included a deli, liquor store and apartments. Currently the building operates as a bar with the liquor store portion used for storage, and the apartments occasionally used by the owner or employees. 4400-4410 E. Lombard Street currently provides parking for the bar, and also features two operating Clearchannel billboards. The lot has ample frontage on Lombard Street, and could easily be developed for more intensive use. The auction offers an opportunity to buy a commercial building, liquor license and development parcel, separately or together, and utilize them for their respective highest and best uses.

SITE:
53-55 S. Kresson Street - 36'2" x 86'2", more or less
Zoned M-3, Industrial, approved use for 8 rooming units and tavern
All public utilities

4400-4410 E. Lombard Street - 95'5" x 92'1", or 0.197 acre, more or less
Used for parking
Asphalt paved - approximately 20 parking spaces
Large curb cut on E. Lombard Street
Zoned M-3, Industrial
2 Clear Channel Billboards generating $1,150/year
Please check back for a copy of the lease.

For more information, see the Baltimore City Zoning Code

Block plats:

53-55 S. Kresson Street

4400-4410 E. Lombard Street

Baltimore Cityview aerial map
kresson53-55 lombard4400-4410 cityview aerial

IMPROVEMENT DESCRIPTION:
Two interconnecting two-story buildings - according to tax records, the buildings were constructed in 1900, contain 4,720 square feet above grade and storage basement. The buildings feature a brick storefront facade, vinyl clad replacement windows, multiple exterior entrances and ample storage. Sale of the buildings includes all furniture, fixtures and equipment.

Exterior
Brick exterior
Built-up roof
Aluminum down spouts and rain gutters
Vinyl clad replacement windows

53 S. Kresson Street - Northern portion of the building. The first floor was formerly used for a liquor store and deli known as "O'Ryan's Pub Deli." The store area is arranged for a service counter, commercial kitchen, walk-in box, several display refrigerators and ample storage. The space is currently used for tavern storage. The second floor is arranged for a two room, kitchen and bath apartment that adjoins the apartment in 55 S. Kresson Street.

55 S. Kresson Street - Southern portion of the building along Lombard Street. The first floor is currently operated as "O'Ryan's Pub," and features a fully stocked bar, 20 person bar seating, table space for seating of an additional 40 people, gaming area, commercial kitchen (currently used for storage) and powder room. Finishes include ceramic tile floors, wood floors, drop ceiling and drywall. The second floor is arranged for a two room, kitchen and bath apartment.

Gas forced air furnaces and central air conditioning. Storage basement.

Note: The building is currently owner occupied. Alternative uses include multiple tenancy, expansion and redevelopment.

ANNUAL REAL ESTATE TAXES:
53 S. Kresson - Annual real property taxes are $5,314.72 based on a full value assessment of $225,200
4400 E. Lombard Street - Annual real property taxes are $1,331.04 based on a full value assessment of $56,400

TITLE:

The property is in fee simple; and is being sold free and clear of all liens.

INSPECTION:
At 1:00 p.m. on the day of the auction. Showings may be scheduled prior to the auction based on demand. Please email info@ajbillig.com or call 410.296.8440 to state your interest in inspecting the property prior to sale.

LIQUOR LICENSE
LBD7 - 7 day beer, wine and liquor tavern license.  Permitting the sale of beer, wine and liquor for consumption on the premises and off premises sales from 6:00 a.m. to 2:00 a.m. daily. The transfer of the liquor license is subject to the approval of the Baltimore City Liquor Board, as in the case of an original application and it shall be the sole responsibility of the purchaser to obtain said approval. The license is being sold free and clear of all liens and encumbrances.

For more information about Baltimore City Liquor Licenses, please visit:
http://llb.baltimorecity.gov/

MANNER OF SALE
First offering - 53-55 S. Kresson Street, including all furniture, fixtures and equipment will be offered first and the bid reserved. Deposit: $10,000.
Second offering - 4400-4410 E. Lombard Street will be offered second and the bid reserved. Deposit: $5,000.
Third offering - The liquor license will be offered third. Deposit: $5,000.
Fourth offering - Finally everything will be offered as an entirety.  Deposit: $20,000.

The property will be sold in the manner producing the greatest amount.

TERMS OF SALE:
Real Estate - Deposits as noted above, or a $20,000 deposit if sold as an entirety, payable by cashier's check, will be required of the Purchaser at time and place of sale.  The deposit(s) 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 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" condition, and 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 agrees to waive the right of inspection for lead paint, as provided under current Federal and State law.  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.

Liquor License - A $5,000 deposit by cashier's check is required of the purchaser at the time and place of sale.  If sold separately, balance to be paid within 48 hours. If sold with the real estate balance due at the real estate settlement. Time is of the essence.