Waterfront Commercial Property - "Sue Island Dock Bar" 9,315± Sq. Ft. Building on 1.68± Acres Restaurant, Bar, Retail, Apartment Boat Repair Shop, Boat Slips, Bulkhead 7-Day Beer Wine & Liquor License Furniture, Fixtures & Eq

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Listing Details

Sold Price
$510,000
Auction Date
Auction Time
11:00 AM
Address
900 Baltimore Yacht Club Road, Sue Creek, Essex, Baltimore County, MD, 21221
County
Sue Creek, Essex, Baltimore County
Neighborhood
Sue Creek, Essex,
Scroll down for Complete Details, including: property description, additional photos, and Terms of Sale.

Additional Photos

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Moore, Carney, Ryan and Lattanzi, LLC
4111 E. Joppa Rd., 21236

SUBSTITUTE TRUSTEES' SALE

 

WATERFRONT COMMERCIAL PROPERTY
"Sue Island Dock Bar" - Sue Creek, Essex

9,315± Sq. Ft. Building  1.68± Acres
Restaurant & Bar  Retail  Apartment
Boat Repair Shop  Boat Slips  Bulkhead

 Sale On Premises
900 BALTIMORE YACHT CLUB ROAD
Off 2500 Holly Neck Road
Baltimore County, MD 21221

THURSDAY, FEBRUARY 24, 2011
AT 11:00 A.M.

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


       Under and by virtue of the power of sale contained in a certain Deed of Trust from Dennis S. Peterson to Gary C. Loraditch and William M. Loughran, Trustees, dated March 10, 2005, and recorded among the Land Records of Baltimore County, in Liber 21564, folio 41, the holders of the indebtedness secured thereby having appointed Richard E. Lattanzi, Lisa M.L. Eisemann and/or Kristin H. Williams to act as Substitute Trustees, in place and stead of the aforementioned Trustees, by instrument duly executed, acknowledged and recorded among the Land Records aforesaid, default having occurred under the terms thereof and at the request of the party secured thereby, the undersigned Substitute Trustees will sell at Public Auction, on the premises, the following:


       All that fee simple lot of ground and the improvements thereon, situate and lying in Baltimore County, State of Maryland, and being more fully described in the above referenced Deed of Trust.


       The site comprises 1.6893 acres, according to the Deed and 1.52 acres, according to tax records (being sold "As Is").  The property fronts along the recently dredged Sue Creek with reported average mean low water height 4'-4.5'.  Along the waterfront is a bulkhead and finger piers with 7 boat slips with a water depth of 3'.


       Two story concrete block building, as follows: first floor (7,938± sq. ft.) - rear section (facing the road) has 2 retail/office areas; center section houses a boat repair facility with 2 service bays (each with overhead bay door), storage rooms and 2 rest rooms; front section, known as the Sue Island Dock Bar, faces Sue Creek, has a bar (with dining area), separate dining room, game room, kitchen with crab steaming area, 3 rest rooms, storage rooms, outdoor bar and fenced-in seating area; partial basement (under the restaurant area) used for storage. 


      Second floor (1,377± sq. ft.) - renovated apartment contains a living room with exposed wood beam ceiling, dining room with exposed wood beam, kitchen (with 4-burner range/oven, stainless steel side-by-side refrigerator and dishwasher), 3 bedrooms and full hall bathroom (with stacking washer and dryer), large deck off the kitchen;  private fenced yard with a storage shed.


Click the links to change the photo at right

BUILDING EXTERIOR
Street Side
Crab House
Waterfront Side
Waterfront Deck
Piers and Waterfront
Parking Area
Entrance Sign
 
REPAIR SHOP
Drive-In Door
Repair Bay #1
Repair Bay #2
 
COMMERCIAL
AREA #1

Photo

 
COMMERCIAL
AREA #2

Photo #1
Photo #2
RESTAURANT
Dining Area
Bar
Bar (Seating Area)
Game Area
Outdoor Bar
Outdoor Dining
 
KITCHEN
Food Prep
Grill Area
Sinks
Crab Steaming

 
APARTMENT
Photos of auction property


       LEGAL DESCRIPTION (pdf)


       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 is to be increased to 10% of the purchase price within 24 hours at the office of the Auctioneers.  The holder of the indebtedness, if a bidder at the sale, shall not be required to post a deposit. Balance to be paid in cash at settlement, which shall take place within ten (10) business days following final ratification of the sale by the Circuit Court for Baltimore County at the offices of the Substitute Trustees.  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 purchaser.  Interest to be charged on the unpaid purchase money, at the rate of 7.75% per annum, from date of sale to date of settlement.  All adjustments as of date of sale.  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 existing zoning, the nature and description of the improvements as contained herein as well as all dimensions contained herein;  and subject to easements, agreements, restrictions or covenants of record affecting same, if any.  Purchaser shall be responsible for obtaining physical possession of the property and assumes the risk of loss or damage to the property from the date of sale forward.  The purchaser waives and releases the Substitute Trustees, the holder of the indebtedness, 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 Substitute Trustees are 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 Substitute Trustees, Noteholder or Auctioneer.  Recordation costs, transfer taxes and all other costs incident to settlement, including a $300 document review fee by the Seller's attorney, to be paid by the purchaser.  Time shall be of the essence for the purchaser.  No Buyer's Premium!


       Authority to cancel this sale rests solely with the Substitute Trustees and/or the Auctioneer. Prospective buyers should disregard all other statements and comments made by any other person or entity regarding minimum bids, pricing and cancellations of the sale. Additional terms may be announced at the time of sale. The Substitute Trustees reserve: (1) the right to accept or reject any or all bids; (2) the right to modify or waive the requirements for bidders' deposits and terms of sale and/or settlement; (3) the right to withdraw the Property from the sale before acceptance of the final bid; and (4) the right to cancel or postpone the sale.


Richard E. Lattanzi, Lisa M.L. Eisemann,
Kristin H. Williams, Substitute Trustees

 


 

Moore, Carney, Ryan and Lattanzi, LLC
4111 E. Joppa Rd., 21236

TRUSTEES' SALE
"Sue Island Dock Bar"
Sue Creek, Essex
 

7-DAY BEER, WINE &
LIQUOR LICENSE
Furniture, Fixtures & Equipment

 

 Sale On Premises
900 BALTIMORE YACHT CLUB RD.
Off 2500 Holly Neck Road
Baltimore County, MD 21221

THURSDAY, FEBRUARY 24, 2011
AT 11:00 A.M.

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


        Pursuant to an Order of the Circuit Court for Baltimore County, passed in the matter of Sue Island Yacht Basin, Inc. And Dennis S. Peterson, Licensees, Case No. 03-C-11-001323, the undersigned Trustee will sell at Public Auction to the highest bidder the following:


        7-Day Beer, Wine and Liquor License (Class D), permitting the sales for on and off-premises consumption, issuing out of 900 Baltimore Yacht Club Road, in the 15th Legislative District in Baltimore County.


      Furniture, Fixtures & Equipment:

  • Bally (10' x 10') - Walk-in exterior chiller seafood box
  • Superior self-contained 4-keg beer tap dispensing system (newly installed)
  • Manitowoc 500 lb. cube air cooled ice machine
  • Blodgett double convection oven
  • True 3-door beverage box
  • Jagermeister tap dispensing system
  • 4-door reach in bottle box
  • Large double door glass front refrigerated beverage case
  • 2 - Delfield stainless steel refrigerated work stations
  • True stainless steel refrigerated deli station
  • Pitco Frialator deep fryer
  • Cadico convection oven
  • Stainless steel crab pots
  • Stainless steel shrimp steamer
  • Asst. stainless steel pot sinks, under bar sinks and hand sinks
  • Quantity of laminate top dining tables, bar tables, chairs, bar stools, etc.
  • Quantity of picnic tables, wrought iron tables and chairs

Photos of auction property
New Superior 4-Keg Refrigerated Tap    Reach-In Beverage Box    Refrigerated Beverage Box    Jagermeister Tab Dispenser    3-Compartment Undercounter Sink    True Beverage Box
Manitiwoc Cube Ice Machine    3-Compartment Pot Sink    Delfield Refrigerated Work Station
Delfield Refrigerated Work Station With Sink    Deli Station    Blodgett Convection Oven
Crab Steaming Pots    Pitco Deep Fryer    Shrimp Steamer    Exterior Reach-in Box, Sink, etc


        TERMS OF SALE:  Liquor License - A $5,000 deposit, payable by certified check or cashier's check, will be required of the purchaser at time and place of sale.  Balance to be paid in cash at settlement, which shall take place within ten (10) business days following final ratification of the sale by the Circuit Court for Baltimore County at a location designated by the above-captioned Solicitor.  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.  If settlement is delayed for any reason, there will be no abatement of interest.  All adjustments as of date of sale.  Time shall be of the essence for the purchaser.  The transfer of this liquor license is subject to the approval of the Board of Liquor License Commissioners of Baltimore County 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 by the buyer to the County of Baltimore and/or State of Maryland.  Chattles - Cash or certified funds in full at the time and place of sale.  To be sold as an entirety only.  Immediate removal required pursuant to announcement at the time of sale. 


No Buyers Premium!


Richard E. Lattanzi, Lisa M.L. Eisemann, Kristin H. Williams, Trustees