"Upperco - Northern Baltimore County"

“THE COLONIAL INN”
Real Estate ✦ 7 Day Liquor License ✦ Furniture, Fixtures & Equipment

Known As:
15102 HANOVER PIKE
Near Emory Road (MD-91)
Upperco, Baltimore County, MD 21155

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. Some interior photos have been digitally staged for marketing purposes. Fireplaces are not known to be operational.

LOCATION:
The Colonial Inn is located in the Upperco area of Northern Baltimore County. The establishment has been a well-known watering hole for residents in the area for many years. The location offers great exposure along Hanover Pike, a primary commuter route for those traveling between Hanover (PA), Hampstead, Reisterstown and Baltimore. Approximately 16,331 cars pass the site daily, according to State Highway Administration statistics. Emory Road (MD-91, 0.3 miles north) provides additional consumer access for those coming from Finksburg, Gamber and other points southwest. The immediate area is a mix of small subdivisions, farms and local businesses.

The property has been operated as a tavern for the last few decades, but may be suitable for redevelopment for any number of other purposes. The property is positioned along Hanover Pike and 5th Avenue, providing additional means of ingress and egress. The lot provides ample available space for expansion or other substantial redevelopment while retaining a significant amount of parking. Renovation of the building for continued use as a tavern or restaurant remains a great consideration as well.

For more information about the area, please visit:
Baltimore County Government – www.baltimorecountymd.gov
State Highway Administration – www.roads.maryland.gov

SITE:
Lot size: 0.929 acre, more or less

The lot fronts approximately 200′ along Hanover Pike. Access to the property is level with the road (no curbing), providing multiple options for ingress, egress and parking. Frontage along 5th Avenue may provide additional ingress/egress opportunities with further development.

Asphalt and gravel parking areas for 40+ vehicles

2 Pole Signs

Fenced Patio

Well and Septic

ZONING:
The property is zoned BL-CR and BM-CR, according to the Baltimore County Zoning GIS. According to the Baltimore County Zoning website, BL represents a “Business Local—small scale commercial” zone, and BM represents a “Business Major—large scale commercial” zone. CR represents a “Commercial, Rural” district.

Types of permitted uses, based on A Citizen’s Guide to Zoning are as follows:

BL – Retail, service, bank, tavern, food store, medical clinic.
BM – Uses permitted in BL plus service garage, theater, warehouse.

For more information about Baltimore County Zoning, please visit:
What is Zoning? – www.baltimorecountymd.gov

IMPROVEMENTS:
One and two story freestanding commercial building – according to public tax records, the building contains 3,619 square feet. Actual gross square feet of building area is believed to be in excess of 5,000 square feet. The frame building is clad in clapboard and aluminum siding with glass show window. Interior finishes include drywall, exposed ceiling, laminate and ceramic tile floors. The building is arranged as a tavern and liquor store, with retail area, two bar areas, dance floor, game area and two powder rooms.

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

TAXES:
Current annual real estate taxes are $5,125.34, based on a full value tax assessment of $417,933.

LIQUOR LICENSE:
Class D(BWL) – 7 day beer, wine and liquor license, on and off premises, with entertainment. The transfer of this liquor license is subject to the approval of the Board of Liquor License Commissioners for Baltimore County 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 liens. Liquor License

FURNITURE, FIXTURES AND EQUIPMENT:
The property contains an array of furniture, fixtures and equipment, including beverage refrigerators (stand-up and under counter), stools, tables, pool table, shelves and other miscellaneous items.

MANNER OF SALE:
The real estate, license, furniture, fixtures and equipment will be sold as an entirety only. Existing inventory may be available on a dollar for dollar basis.

SUMMARY TERMS OF SALE:
Please see the contract of sale for complete terms.
A 10% deposit, payable by cashier’s check, will be required of the purchaser at time and place of sale. 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. Interest to be charged on the unpaid purchase money, at the rate of 12% per annum, from date of contract to date of settlement. All adjustments, including taxes, 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 contract 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 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. 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.

No Buyer’s Premium!