PUBLIC AUCTION

Renovated, 2 Story
COMMERCIAL BUILDING

- Former Tavern -

Photo of

Sale On Premises
1917 GREENMOUNT AVENUE
"Barclay Neighborhood"
Near Corner of North Avenue
BALTIMORE, MD 21218

TUESDAY, JUNE 19, 2007
AT 11:00 A.M.


       THE INFORMATION CONTAINED HEREIN HAS BEEN OBTAINED FROM SOURCES DEEMED RELIABLE AND BELIEVED TO BE ACCURATE. HOWEVER, NO EXPRESS OR IMPLIED WARRANTY IS MADE AS TO THE ACCURACY OF THESE REPRESENTATIONS.

GENERAL INFORMATION

LOCATION:

The property is located in the Barclay neighborhood, just east of the Abel neighborhood and Charles Village. The Baltimore City Board of Education is located just one block to the west as well as the new Baltimore City arts district. The area is undergoing rejuvenation with numerous renovation projects underway within blocks of the subject building.

Location Map

For directions from your location, visit:
http://www.mapquest.com/directions/main.adp

SITE:

16' x 106'7", more or less

BLOCK PLAT

ZONING:

B-2-3, commerical

For the Baltimore City Zoning Code, visit:
http://www.ci.baltimore.md.us/government/legislative/zoning/

IMPROVEMENT
DESCRIPTION:

Two story brick corner commercial building arranged as a tavern with package goods area, bar room with bar & back bar with knotty pine walls and quarry tile flooring, kitchen and 2 rest rooms, on the first floor, large party room (with exposed brick walls and exposed beam 10'-13' ceiling), game room and storage room, on the second floor; full basement; newly installed gas forced hot air furnace.

Photos of auction property
FIRST FLOOR PHOTO #1    PHOTO #1      RESTROOMS      SECOND FLOOR PHOTO #1    PHOTO #2      GAME ROOM

ANNUAL REAL
ESTATE TAXES:


$504

TITLE:

Annual $90 ground rent; sold free and clear of all liens

INSPECTION:

10:00 a.m. on the day of the auction


TERMS OF SALE

       Deposit payable by certified or cashier's check of $5,000 will be required of the purchaser at time and place of sale. The deposit is to be increased to 10% of the purchase price within 24 hours at the office of the Auctioneers. Balance to be paid in cash within 45 days. If payment of the balance does not take place within the specified time, the deposit will be forfeited and the property may be resold at the risk and expense of the defaulting 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, ground rent and all other public charges and assessments, payable on an 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, without express or implied warranty as to the nature and description of the improvements as contained herein; and subject to easements, agreements, restrictions or covenants of record affecting same, if any. Purchaser assumes 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 Auctioneer. The purchaser agrees to waive the right of inspection for lead paint as provided under current Federal and State Law. Cost of all recordation and transfer taxes to be paid by the purchaser. TIME IS OF THE ESSENCE.

NO BUYERS PREMIUM!

Broker participation is invited.
BROKER REGISTRATION FORM