"Upper Fells Point" - Kelly's Bar 7-Day Liquor & Package Goods License Tavern Fixtures & Kitchen Equipment Two 3-Story Buildings Suitable for Expansion or Apartments

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Listing Details

Sold Price
$305,000
Auction Date
Auction Time
11:00 AM
Address
2106-2108 Eastern Avenue, Baltimore, MD, 21224
County
Baltimore City
Neighborhood
Upper Fells Point
Scroll down for Complete Details, including: property description, additional photos, and Terms of Sale.

Additional Photos

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PUBLIC AUCTION
In Lieu of Foreclosure
                                   
UPPER FELLS POINT

"Kelly's Bar"

2106-2108 EASTERN AVENUE

Corner Duncan Street, Baltimore, MD 21224
 

- Including -
ADJOINING THREE STORY BUILDINGS
Suitable for Expansion and/or Apartments

7 - DAY LIQUOR & PACKAGE GOODS LICENSE

TAVERN FIXTURES & KITCHEN EQUIPMENT

Sale On Premises
WEDNESDAY, SEPTEMBER 9, 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, square footage and acreage contained herein are more or less.

LOCATION & DIRECTIONS:

Kelly's Bar is situated in the Upper Fells Point area of east Baltimore, between Fells Point, Canton, and Butcher's Hill.  The Baltimore waterfront and Johns Hopkins Hospital are within walking distance.  Highly visible from eastbound or westbound Eastern Avenue, Kelly's has been a neighborhood institution for decades.  The auction presents an outstanding opportunity to purchase valuable real estate and a fully operational business in one of Baltimore's hottest locations.

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

 

SITE AREA

Situated at the northwest corner of Eastern Avenue and Duncan Street, the property is comprised of two lots, fronting 33' along Eastern Avenue by a depth of 80' along Duncan Street.  All public utilities are in the site.  A 10' alley bounds the rear of the property.

BLOCK PLAT (pdf)

 

IMPROVEMENTS

Two, interconnected three story buildings, believed to have been constructed circa 1900.  According to public tax records the buildings comprise approximately 5,771 square feet of gross building area above grade, plus storage basements.  Exterior construction is brick with formstone front, built-up roofs, commercial front entrance, second front entrance, side and rear entrances, a side second floor covered porch, double-hung replacement windows.


The interior is configured as follows:


2108 Eastern Avenue

First Floor - bar and amusement area, paneling, suspended ceiling, terrazzo floor, 16 seats at bar, 20-seat dining area, fully equipped commercial kitchen with range, refrigerator, slicer, shelving, crab stoves, fryer, etc., and 4-rest rooms.

Second Floor - living room, dining room, kitchen, bedroom, bath and laundry

Third Floor - 2 rooms

Basement with storage and walk-in cooler

Updated gas hot water heat

Window air conditioning


2106 Eastern Avenue

First Floor - rear portion is part of Kelly's Bar, front portion is in shell condition

Second Floor - former efficiency apartment and two rooms

Third Floor - shell condition

Basement

 

REAL ESTATE TAXES

Published 2009 real estate taxes -

2106 Eastern Avenue $ 4,498.20
2108 Eastern Avenue    6,164.20

Total

$10,662.40

 

TITLE

The properties will be sold free and clear of liens.  2106 Eastern Avenue is subject to an annual $37.50 ground rent, payable half-yearly on the first days of March and September in each and every year.  2108 Eastern Avenue is subject to an annual $45 ground rent, payable half-yearly on the first days of March and September in each and every year.  Baltimore City Deed Liber 5837, Page 51.

 

LIQUOR LICENSE

Baltimore City Liquor License Type LBD-7 - permits sales on the first floor of the premises of beer, wine and liquor 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.

 

INSPECTION TIME

By appointment with the Auctioneers or one hour prior to the time of sale.

 

TERMS OF SALE

A $25,000 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, ground rent, 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 and building violation notices, 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. The purchaser 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.  Time is of the essence.


No buyer's premium.


Broker participation is invited.
BROKER REGISTRATION FORM (pdf)