"East Baltimore - Brewers Hill" Tavern Building 7-Day Liquor License and Fixtures & Equipment

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Listing Details

Sold Price
$203,000
Auction Date
Auction Time
10:30 AM
Address
4017-4019 Eastern Avenue, Baltimore, MD, 21224
County
Baltimore City
Neighborhood
East Baltimore, Brewers Hill
Scroll down for Complete Details, including: property description, additional photos, and Terms of Sale.

Additional Photos

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PUBLIC AUCTION
                               
EAST BALTIMORE
"Brewers Hill"

Two Story Brick
TAVERN BUILDING
7-Day Liquor License
Fixtures & Equipment

 

Currently Leased to "Borinken"
for $2,500/Month Until January 2014

 

Sale On Premises
4017-4019
EASTERN AVENUE
Off 500 S. Haven Street
Baltimore, MD 21224

WEDNESDAY, OCTOBER 16, 2013
AT 10:30 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:

4017-4019 Eastern Avenue is located in the "Highlandtown-Brewers Hill" area of eastern Baltimore City, between the 500 blocks of S. Grundy Street and S. Haven Street.  The property is about one-half mile west of the Johns Hopkins Bayview hospital complex, situated between "Greektown" and "Canton."  The property is located along the south side of the community business district.  Public bus service is at the door.  A recently constructed Walgreen's drug store is opposite the site.


Link to LiveBaltimore description:
http://livebaltimore.com/neighborhoods/brewers-hill

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

 

SITE AREA

Rectangular lot - 24' x 140'
3-4 car parking in rear
All public utilities are in the site

BLOCK PLAT (pdf)

 

IMPROVEMENTS

Two story brick in-line building - according to public tax records, the building was constructed in 1900 and contains 3,236 square feet of gross building area.

 


 


Exterior
Brick walls
Aluminum casement windows
Built-up roof


First Floor
Bar Area - ceramic tile floor, oak bar and back bar
Dance Floor with DJ booth
2 - Rest Rooms
Commercial Kitchen - ceramic tile floor and walk-in cooler


Second Floor
Bar - vinyl floor
Billiard Room
Full Bath
Office/Bedroom
Storage Room


Mechanical
Restaurant and tavern fixtures and equipment, including bottle boxes, under bar sink, kitchen equipment, tables, chairs, stools, decorations, etc.


Gas forced air heat and central air conditioning.


LIQUOR LICENSE:

7-day (Class BD-7) Beer Wine and Liquor License - permits sales for on and off premises consumption.  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.   


LEASE:

The premises is currently leased to the operators of Borinken bar and restaurant for $2,500 per month, with the lease expiring in January 2014.  The tenant has expressed an interest to renew the lease.  The landlord has not renewed due to the sale of the property.

Please check back - a copy of lease to be posted shortly.

 

REAL ESTATE TAXES

Published annual real estate taxes for 2013 are $4,063.

 

TITLE

The assets are sold free and clear of liens.  The real estate is in fee simple.  Baltimore City Deed Liber 11220, folio 484.

 

MANNER OF SALE

The real estate, license and equipment will be offered as an entirety only.

 

TERMS OF SALE

A $15,000 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. All adjustments, including taxes, rents, 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 settlement 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.  Time is of the essence.


No buyer's premium.

 

FINANCING

See our Financing Page for a list of auction-oriented lenders.