"Hampden" Well Known Eatery "McCabes" Fine Food & Spirits Real Estate, Liquor License, Furniture, Fixtures & Equipment

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Listing Details

Sold Price
$345,000
Auction Date
Auction Time
11:00 AM
Address
3845 Falls Road, Baltimore City, MD, 21211
County
Baltimore City
Neighborhood
Hampden
Scroll down for Complete Details, including: property description, additional photos, and Terms of Sale.

Additional Photos

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PUBLIC AUCTION
                    
HAMPDEN


Well Known
PUB & EATERY
"McCabes"
Fine Food & Spirits

Real Estate  Liquor License
Furniture, Fixtures & Equipment

Sale On Premises
3845 FALLS ROAD
Off 38th Street, Baltimore, MD 21211

TUESDAY, APRIL 14, 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:

McCabe's Fine Food & Spirits has been a fixture of the Hampden restaurant scene for the past 27 years.  Situated along the east side of Falls Road, between The Avenue (36th Street) and 40th Street, McCabe's has been a favorite destination of bar and restaurant patrons from Hunt Valley to Federal Hill.  Its convenience to the Jones Falls Expressway (I-83) makes McCabe's the perfect place to stop before or after a ball game, the theater or a midtown shopping trip.  The site is within walking distance of the Metro light rail.  Public bus service is at the door.

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

  • Real Estate - three interconnected buildings with upper level development potential for three dwelling units
  • 7-Day Beer, Wine & Liquor License
  • Furniture, Fixtures, Decorations, Bar & Restaurant Equipment
  • A Respected Ongoing Business. McCabe's closed in February 2009.

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


LiveBaltimore Neighborhood Link:
http://www.livebaltimore.com/neighborhoods/list/hampden

 

SITE AREA

Rectangular lot - approximately 47' x 129'.  The lot is terraced to provide for ground level access along Falls Road and second floor access from Crother Street in the rear.

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

BLOCK PLAT (pdf)

 

IMPROVEMENTS

Three, interconnected, three-story brick in-line buildings, containing retail space on the ground level and three former dwelling units above.  The buildings have built-up roofs, 3 front entry doors to Falls Road and 3 rear exit doors at grade with Crother Street.

First Floor

Bar - ceramic tile floor, exposed brick and stone walls, attractive wooden bar and backbar, 12 seats, draft beer system, reach in boxes, underbar sink, cash register


Dining Room - exposed brick walls, vinyl floor, 45 seats (11 tables)


Commercial Kitchen - updraft and fire extinguisher system, 6-burner range/double oven/grill, stainless steel work tables, dishes, utensils, cookware, glassware, True refrigerator


Prep-Kitchen - ice machine, stainless steel work tables and shelving, meat slicer, walk-in cooler, etc.  Note - dishwasher is leased and not included in the auction.

2 - Rest Rooms

Oil forced hot air heat

Package air conditioning

Upper Levels

The second and third floor have been gutted for rehabilitation.  Formerly containing 3 two-level dwelling units, each unit has a separate rear entrance.

 

ZONING

B-1-2, neighborhood business district

For more information, see the Baltimore City Zoning Ordinance (pdf)

 

REAL ESTATE TAXES

Published 2009 real estate taxes are $4,350.64

 

TITLE

The property is in fee simple and will be sold free and clear of all liens.  Deed Liber 6242, folio 204.

 

LIQUOR LICENSE

7-Day Class LB Beer, Wine and Liquor License - permits sales for on-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.  The license is sold free and clear of all liens.

 

FURNITURE, FIXTURES & EQUIPMENT:

To be offered as an entirety only, no detail sale - tables, chairs, decorations, cash register, stainless steel range/oven, work tables, refrigerator, freezer, utensils, slicer, draft beer system, bar equipment and stools, etc.

 

INSPECTION TIME

The property may be inspected by appointment with the Auctioneers or one hour prior to the time of sale.  For appointments email info@ajbillig.com or call 410-752-8440.

 

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 -

Second Offering -

Third Offering -
Real Estate, deposit $20,000

Liquor License, Furniture, Fixtures and Equipment, deposit $5,000

All of the assets will be offered as an entirety, deposit $25,000

 

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, liquor and any other license fees, 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.  Liquor license fee shall be adjusted as of the date of sale.

Time is of the essence for all buyers.

No buyer's premium.

Broker participation is invited.
BROKER REGISTRATION FORM (pdf)