"Abell - Better Waverly" Corner Carry-Out "Soul Shack Carry-Out" (Turnkey & Fully Equipped) Real Estate Included!

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Listing Details

Sold Price
$70,000
Auction Date
Auction Time
11:00 AM
Address
2915 Greenmount Avenue, Baltimore, MD, 21218
County
Baltimore City
Neighborhood
Abell - Better Waverly
Scroll down for Complete Details, including: property description, additional photos, and Terms of Sale.

Additional Photos

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ABSOLUTE AUCTION
To The Highest Bidder Above $75,000!

"ABELL - BETTER WAVERLY"
 

 

Turn-Key Fully Equipped
CORNER CARRY-OUT
"Soul Shack Carryout"
(Owner Retiring After 16 Years)

 


Real Estate  Fixtures  Equipment

Sale On Premises
2915 GREENMOUNT AVENUE
Off 500 E. 30th Street, 21218

WEDNESDAY, MAY 6, 2009
AT 11:00 A.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 and square footage mentioned herein are more or less.

LOCATION & DIRECTIONS:

The Soul Shack Carryout has been a fixture in the community for over 16 years. Greenmount Avenue is the major commercial street for the neighborhood, with the commercial properties servicing the Abell neighborhood and Charles Village immediately to the west and Better Waverly to the east.  Greenmount Avenue is situated on the MTA bus line.

Photos of auction property
STREET SCENE TO SOUTH     STREET SCENE TO NORTH

The auction presents the rare opportunity to purchase a turnkey operation, including:

  • Real Estate - three story brick corner building with off-street parking
  • Fixtures & Restaurant Equipment
 

For directions from your location, visit: maps.google.com


For more information about Better Waverly, visit LiveBaltimore.com's Neighborhood Page

 

SITE AREA

Lot size: 16' front, 16' rear, with depths of 99'4" (along E. 30th Street) and 100'4", all more or less.

Public water, sanitary sewer, gas, electricity and telephone service are in the site.

Rear parking pad for up to 5 vehicles (curb cut)


BLOCK PLAT (pdf)

 

IMPROVEMENTS

Three story brick corner building contains a commercial space used as a carry-out restaurant on the ground level and a former apartment on the two upper levels (separate exterior entrance). The building has gas forced hot air heat with a modern furnace and central air conditioning  (air conditioning needs some electrical work on the exterior).

*NEW Interior Photos - see Equipment List (below)

First Floor - Acoustical tile ceiling with florescent lighting; linoleum flooring

Customer Service Area - Lexan security window with turnstile

Commercial Kitchen - stainless steel 8' updraft hood with Kidde fire protection ansul system, built-in True deli case and assorted refrigerated kitchen equipment, tables, etc. (listed below)

Wash/storage room - stainless steel 3 compartment pot sink and assorted kitchen equipment (listed below)

Built-in walk-in refrigerated cooler box (10'8" x 8')

Rest Room

Upper Levels - formerly used as one apartment (rough condition and needs renovation) Second Floor contains 2 rooms, kitchen and bathroom; Third Floor has one large room

Full Basement - unimproved

 

ZONING

B-2-3, community business district
For the zoning code, see the Baltimore City Zoning Code (pdf)

 

REAL ESTATE TAXES

Published 2009 real estate taxes are $1,396

 

TITLE

The property is in fee simple and will be sold free and clear of all liens.  Deed Liber 3801, folio 393.

 

EQUIPMENT LIST:

To be offered as an entirety only, no detail sale

  • True refrigerated glass front stainless steel deli case
  • Anvil stainless steel and glass warming display case
  • True double door glass front refrigerated beverage box (purchased new in July, 2008 for $2,600)
  • Royal 710ML electronic cash register
  • True stainless steel refrigerated sandwich preparation unit
  • Toastmaster commercial grill
  • Pitco Frialator deep fryer
  • Sir Lawrence deep fryer
  • Superior 2-burner portable gas range
  • Delfield stainless steel double door freezer
  • Stainless steel food preparation and work tables
  • Hobart commercial slicer
  • Scotsman cube ice machine (purchased in 2008 for $2,000)
  • Stainless steel 8' updraft hood with Kidde ansul system
  • Stainless steel 3-compartment pot sink
  • Stainless steel hand sink
  • Miscellaneous pots, pans, small appliances, etc.

Photos of auction property
DELI CASE       SERVICE COUNTER       NEW BEVERAGE BOX
COOKING AREA #1       COOKING AREA #2       DELFIELD FREEZER
STAINLESS STEEL WORK TABLE       SLICER       ICE MACHINE
3-COMPARTMENT POT SINK

 

INSPECTION TIME

10:00 a.m. on the day of sale only.

 

MANNER OF SALE

The assets will be offered as follows, with the bids reserved, and as an entirety.  The sale will be made in the manner producing the greater amount.

 

First Offering - Real Estate, deposit $5,000
Second Offering - Fixtures and Equipment, deposit $2,500
Third Offering - All of the assets will be offered as an entirety, deposit $7,500

 

 

TERMS OF SALE

Deposits, as stated above, payable by certified check or cashier's check, will be required of the Purchaser at time and place of sale. 

Real Estate and Entirety - 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 within 45 days.  If payment of the 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.  All adjustments, including taxes, all public charges and assessments payable on an annual basis, and 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.  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.


Second Offering, if sold separately - Balance to be paid in cash or approved funds within 24 hours. Removal required by Friday, May 8 at 4:00 p.m.

Time is of the essence for all buyers.

No Buyer's Premium!

Broker participation is invited.
BROKER REGISTRATION FORM (pdf)

 

FINANCING

Call for pre-qualification:

Mr. Craig Kessler
Greentree Mortgage Corporation

2 Park Center Court - Suite 200
Owings Mills, Maryland  21117
410-654-3900 direct
410-702-4511 fax
ckessler@loanofficer.com

or

Jeffrey Roes
Charles Schwab & Co., Inc./Charles Schwab Bank

Vice President - Financial Consultant
1853 William Penn Way #12
Lancaster, Pa 17601
Toll free: 888-218-9741
Local: 717-394-3515
Fax: 717-392-4265