410-296-8440
www.ajbillig.com
6500 Falls Road, Baltimore, MD 21209
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"Locust Point" Brick Corner Tavern - "J Patrick's Pub" 3+ Apartments, 4,500+ Square Feet Furniture, Fixtures & Equipment LBD-7 Entertainment Liquor License

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Listing Details

Sold Price
$430,000
Auction Date
Auction Time
11:00 AM
Address
1367-1371 Andre Street, Baltimore, MD, 21230
County
Baltimore City
Neighborhood
Locust Point
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Allan J. Gibber, Attorney
Neuberger, Quinn, Gielen, Rubin & Gibber, P.A.
1 South Street - 27th Floor
Baltimore, MD   21202

ESTATE AUCTION

- LOCUST POINT-

 

"J Patrick's Pub"
BRICK CORNER TAVERN
3+ Apartments
4,500+ Square Feet
(Family Owned & Operated Since 1987)

 

Fully Equipped
Furniture, Fixtures & Equipment

LBD-7 Entertainment Liquor License
(Sold to the Highest Bidder)

Sale On Premises
1367-1371 ANDRE STREET
Corner of E. Clement Street
Baltimore, Maryland 21230

THURSDAY, JANUARY 10,  2013
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:

1367-1371 Andre Street is located in the Locust Point neighborhood, home to the famous Under Armour headquarters, Domino Sugar, Phillips Seafood and so much more.   Situated on the south side of the Baltimore Inner Harbor, and just east of Federal Hill and Riverside Park, this tight knit community has undergone a major transformation.  The newly constructed Silo Point mega-million dollar condominium building is located directly behind J Patrick's Pub.  As major investment in the community has poured in, the neighborhood has retained much of it's flavor and charm.  Locust Point is located just minutes from I-95 and the Downtown business district.  J Patrick's Pub has been family owned and operated since 1987 and has received national recognition as a true and authentic Irish Pub.


The auction presents an unique opportunity to purchase an existing tavern/restaurant, with redevelopment potential, in a developing location.

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


For more information about Locust Point, visit:
http://www.livebaltimore.com/neighborhoods/list/locustpoint


For more information about Silo Point, visit:
http://www.silopoint.com/home.html


For some recent articles written about Mr. Joseph P. Byrne (late owner) and the pub, visit:
http://www.baltimoresun.com/news/obituaries/bs-md-ob-joseph-byrne-20120710,0,7858631.story?page=1


http://www.irishcentral.com/story/ent/from_the_hob/joe-patrick-byrne----an-unforgettable-great-publican-163265056.html

 

SITE AREA

Two adjacent rectangular parcels (with interconnecting buildings) as follows:


1367-1369 Andre Street:   24' x 60', more or less


1371 Andre Street: 13' x 60', more or less


Public water, public sewer and natural gas


BLOCK PLAT (pdf)

 

IMPROVEMENTS

The improvements consist of two interconnecting three story brick buildings with a tavern on the first floor and 3 apartments and rooming unit above.  On the front of the building is an ATM machine owned by First Mariner Bank. For more information, see the ATM AGREEMENT (pdf).


Tavern/Restaurant (137 Person Capacity)


Apartments (Each self contained with separate water heater and separately metered electric baseboard heat)


Basement


Mechanical

 

ZONING

 R-8, with a non-conforming permitted use as a tavern, 3 dwelling units and 3 rooming units, according to the office of planning and zoning.


For additional zoning information, please check with the Baltimore City Office of Planning and Zoning for complete potential and permitted uses for the property (410) 396-4126) or visit:
http://www.baltimorecity.gov/Government/CityCharterCodes.aspx

 

REAL ESTATE TAXES

Annual 2012-2013 Real Estate Taxes -


1367-1369 Andre Street: $4,353


1371 Andre Street: $3,706

 

TITLE

1367-1369 Andre Street:  $90 ground rent (payable in semi-annual installments on the 27th day of April and October)


1371 Andre Street:  In Fee Simple


The properties are being sold free and clear of all liens and encumbrances.

 

LIQUOR LICENSE

LBD7 - 7 day beer, wine and liquor license permitting live entertainment (License #0016) and permitting the sale of beer, wine and liquor for consumption on the premises and off premises sales from 6:00 a.m. to 2:00 a.m. daily and live entertainment. The transfer of the liquor license is subject to the approval of the Baltimore City Liquor Board, 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 being sold free and clear of all liens and encumbrances.


LIQUOR LICENSE (pdf)


For questions about the liquor license, contact the Baltimore City Liquor Board at (410-396-4377) or visit:
http://www.baltimorecity.gov/Government/BoardsandCommissions/LiquorBoard.aspx

 

INSPECTION TIME

Available for inspection by 10:00 a.m. on the day of the auction or by appointment only.  Call 410-296-8440, or email info@ajbillig.com.

 

MANNER OF SALE

The real estate and furniture, fixtures and equipment will be offered first and the bid reserved; the liquor license will then be offered and the bid reserved;  finally everything will be offered as an entirety.  The property will be sold in the manner producing the greatest amount.

 

TERMS OF SALE

Real Estate - Deposit payable by certified or cashier's check of $25,000 ($30,000 if everything is sold as an entirety) 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 office of the Auctioneers.  Balance to be paid in cash at settlement, which shall take place 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 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 Estate, Personal Representative for the Estate, 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.   Recordation costs, transfer taxes and all costs incidental to settlement to be paid by the purchaser, except where otherwise mandated by local, State or Federal law.  Time is of the essence.


Liquor License (To be sold to the Highest Bidder) - Deposit of $5,000 for the liquor license, balance due within 14 days (unless sold as an entirety with the real estate).  The transfer of the liquor license is subject to the approval of the Baltimore City Liquor Board, as in the case of an original application and it shall be the sole responsibility of the purchaser  to obtain said approval.  Personal property is being sold with the real estate only and is subject to 6% Maryland Retail Sales Tax.


NO BUYER'S PREMIUM!


Maureen Beahn, Personal Representative
for the Estate of Joseph P. Byrne

 

FINANCING

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

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