Absolute Attorney's Auction To The Highest Bidder "Greektown" Two Story Tavern Real Estate, Liquor License, Fixtures and Equipment

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Listing Details

Sold Price
$70,000
Auction Date
Auction Time
11:00 AM
Address
646 S. Newkirk Street, Baltimore, MD, 21224
County
Baltimore City
Neighborhood
Greektown
Scroll down for Complete Details, including: property description, additional photos, and Terms of Sale.

Additional Photos

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David H. Cohen, Attorney
Cohen & Forman, LLC
334 St. Paul Place
Baltimore, MD 21202

★ ABSOLUTE ★
ATTORNEY'S AUCTION

To the Highest Bidder - Regardless of Price!
                         
GREEKTOWN
Opposite Athena Square
New Home Development

TWO STORY TAVERN
Real Estate ◆ Liquor License
Fixtures and Equipment

Sale On Premises
646 S. NEWKIRK STREET
Corner Foster Avenue
Baltimore, MD 21224

THURSDAY, MAY 31, 2012
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, 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 & DIRECTIONS:

646 S. Newkirk Street is situated at the northwest corner of S. Newkirk Street and Foster Avenue in the Greektown neighborhood of southeastern Baltimore City.  Within walking distance of Johns Hopkins Bayview Hospital Campus, the property was formerly occupied as the "Latin Quarters Baltimore."  The building is opposite Athena Square, a townhouse development under construction with homes starting at $289,900.


Greektown has great access to I-95 and I-895 and public transportation to the entire metropolitan area.  Known for some of Baltimore's best restaurants and nightlife, Greektown has undergone gentle redevelopment while maintaining it's neighborhood charm.


Link for Greektown information:
http://www.livebaltimore.com/neighborhoods/list/greektown

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

 

SITE AREA

Rectangular lot - 14' on S. Newkirk Street by 70' on Foster Avenue


Zoning R-8, residential, permitted non-conforming use for a tavern


All public utilities


BLOCK PLAT (pdf)

 

IMPROVEMENTS

Two story end of group brick building, comprising approximately 1,428 square feet of gross building area and 714 square feet of basement space.  The building has a front glass block first floor window, vinyl-clad replacement windows throughout, and a built-up roof.


First Floor
Bar - knotty pine walls, pressed tin ceiling, two ceiling fans, three-compartment stainless steel under bar sink, reach-in bottle box, pool table, amusement area with poker machine and 2 rest rooms.
Photos of auction property
BAR    CEILING    AMUSEMENT AREA

 


Second Floor
Apartment with separate side entrance - carpeted living room, kitchen with gas range/oven and refrigerator, full ceramic tile bath, carpeted bedroom and mud room.
Photos of auction property
LIVING ROOM    KITCHEN    BATH

 


Basement
Unfinished basement has walk-in cooler, sink and outside exit


Mechanical
Gas steam heat
Gas water heater
150-amp. electric service

 

REAL ESTATE TAXES

Published real estate taxes for 2011 were $3,358.

 

TITLE

The real property is in fee simple and sold free and clear of liens.  Deed Liber 9246, folio 646.

 

LIQUOR LICENSE

6-Day Class D Beer, Wine & Liquor License permits sales for on and off premises consumption until 1:00 a.m.  The transfer of this liquor license is subject to the approval of the Board of Liquor License Commissioners of Baltimore as in the case of an original application, and it shall be the sole responsibility of the purchaser to obtain said approval.  In addition, in line with Article 2B of the Annotated Code of Maryland, any tangible personal property taxes, retail sales, amusement, admission and/or withholding taxes must be paid to the City of Baltimore and/or State of Maryland.

 

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 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, license fees, all other 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, and agrees to waive the right of inspection for lead paint, as provided under current Federal and State law.  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. 6% Maryland Retail Sales & Use Tax shall be paid on the fixtures and equipment at settlement. Time is of the essence.


No buyer's premium.


BIDDER PRE-REGISTRATION

Online pre-registration is now closed. Please register with the Auctioneer at the auction site.


BROKER COOPERATION:

Broker participation is invited. See our: BROKER REGISTRATION FORM (pdf). 

The completed form must be returned to the Auctioneer's office by 5:00 P.M. on Wednesday, May 30, 2012.