"Woodlawn"

 This Auction has been CANCELED.
Sold prior to the auction.

$100,000 Opening Bid

FULLY LEASED
RESTAURANT BUILDING

Known As
2039-2041 ENGLEWOOD AVENUE
A/K/A 2039-2041 Englewood Road
Near Windsor Mill Road & Gwynn Oak Avenue
Baltimore County, MD 21207

This Auction has been CANCELED.
Sold prior to the auction.

BIDDING OPEN:
FRIDAY, AUGUST 21, 2020

BIDDING CLOSE:
TUESDAY, AUGUST 25, 2020 AT 2:00 P.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:
2039-2041 Englewood Avenue, sometimes referred to as Englewood Road, is located in the historic downtown area of Woodlawn in Baltimore County. Positioned near the intersections of Gwynn Oak Avenue, Windsor Mill Road and Englewood Avenue, the property retains an excellent posture along a village main street type of corridor featuring a number of other small businesses. The Social Security Administration, a primary employer in the area, is only one mile south. Additional businesses, schools, religious facilities and the surrounding neighborhood at large provide an ample customer base for restaurants and other retail uses. Traffic along Windsor Mill Road immediately north of the property is estimated by SHA at 18,142 cars per day, another 6,625 cars per day along Gwynn Oak Avenue to the rear of the building, and 17,291 cars per day along Gwynn Oak Avenue northeast of Windsor Mill Road.

For more information about the area, please visit:
Baltimore County Government – www.baltimorecountymd.gov
Woodlawn Replaced Powhatan Mill & Town – www.hsobc.org
GIS Traffic Count Data – www.roads.maryland.gov

SITE:
Rectangular lot comprising 5,700 square feet, or 0.13 acre, according to public tax records. Designated as lot numbers 40 and part of 41 on the “Broadacres” plat.

Approximately 50′ road frontage

5-6 car rear parking

Pole sign

All public utilities

ZONING:
Zoned BL-AS – Business Local within an Automotive Service subdistrict. According to Baltimore County’s Citizen’s Guide to Zoning, “Typical Uses Permitted by Right (include): Retail sales, personal services, restaurant, bank, office, tavern, food store, (and) medical clinic.”

A small corner of the parking lot may be zoned RO, according to the County GIS map.

For more information, visit: Baltimore County Zoning

IMPROVEMENTS:
Two story free-standing building – constructed in 1933 and containing 3,020 square feet of gross building area. The building is arranged as a restaurant with an apartment on the second floor. There is a pole sign in front of the property, and an additional rear lit sign on the roof.

Restaurant area – Finishes include carpet, ceramic tile and drop ceiling. Arranged for a dining area (approximately 60 patrons), a bar area and expediting station, 2 powder rooms, full commercial kitchen with hood system, prep areas and refrigeration (stand-up and walk-in).

Apartment – Used predominantly for storage. Arranged for 4 rooms rooms and full bath.

Mechanical – Forced air heat and central air conditioning. 2 electric meters. Three 200 amp. electrical service lines.

RENTAL INFORMATION:
The property is currently occupied by China Wok Chinese Restaurant, which the current tenant has operated for approximately 15 years. Base monthly rent is $2,850 ($34,200 annually), with the tenant responsible for water and sewer, and real property taxes in excess of $2,850 (annually).

Please complete a Waiver and Confidentiality Agreement form to view the lease.

TITLE:
In fee simple; sold free and clear of all liens

TAXES:
Published annual real estate taxes are $5,203.61, based on a full value assessment of $124,300.

SUMMARY TERMS OF SALE – PLEASE REFER TO THE CONTRACT FOR THE COMPLETE TERMS OF SALE:
A $10,000 deposit, or ten percent (10%) of the Purchase Price (whichever is greater), in cash or cashier’s check to be delivered to the Auctioneer’s office at 6500 Falls Road, Baltimore, MD 21209, or sent by wire transfer, within 24 hours of Tuesday, August 25, 2020 at 2:00 P.M. (the bid closing). Deposit funds shall be held by A. J. Billig & Co., LLC. 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, rent, all other public charges and assessments payable on a monthly or annual basis, and sanitary and/or metropolitan district charges, if any, to be adjusted for the current year to date of settlement. The property will be sold in “AS IS” condition, and subject to easements, agreements, restrictions or covenants of record affecting same, if any, and subject to the existing lease of the tenant in place. Purchaser assumes the risk of loss from the date of contract forward. 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. Security deposit, if any, shall be adjusted at the time of settlement. 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. A 5% buyer’s premium will be added to the final bid price.