"Brooklyn Park"

REAL ESTATE AUCTION

FREESTANDING COMMERCIAL BUILDING:
Arranged for Restaurant, Catering Hall & Apartment
&
26± CAR PARKING LOT

Sale On Premises
4118-4200 4^TH STREET
A/K/A 4118-4200 Fourth Street
Corner of Edison Street
Anne Arundel County, MD 21225

THURSDAY, DECEMBER 5, 2019
AT 12:30 P.M.

– Suggested Opening Bid: $35,000 –

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:
The property located at 4118-4200 4th Street is most famously known as “Club 4100,” a Baltimore area institution for several decades prior to ownership changes beginning in 2007. According to a previous listing for the property, the bar and restaurant was “frequented by sports legends and TV personalities such as Johnny Unitas, Tom Matte, Mike Curtis, Gino Marchetti, Brooks Robinson, Cal Ripken, Boog Powell, Art Donovan, Gary Williams, Tony Siragusa, Oprah Winfrey, Jerry Turner and Al Sanders. It (was) home to the Lion’s Club, Terrapin Club and the Marine Club for numerous years.” More recently, the commercially used portions of the building have been vacant, and are well positioned for the establishment of a new restaurant and catering facility or redevelopment to an alternative use.

The location at the corner of 4th Street and Edison Street in the Brooklyn Park area of Anne Arundel County provides proximate access to major commuter routes, including Ritchie Highway (MD-2, 2 blocks west), Patapsco Avenue (0.5 mile north) and I-895 (less than 1 mile north). The Fairfield Marine Terminal, several large industrial businesses surrounding the Port and the BWI Thurgood Marshall Commercial Corridor provide a substantial amount of people working in the area, in addition to those living nearby. Port Covington and the Baltimore Central Business District are also within a few miles.

SITE:

4118 4th Street (Building) –

• Lot Size: 50′ x 125′, comprising 6,250 square feet or 0.143 acre, more or less
• 50′ frontage along 4th Street, 125′ frontage along Edison Street
• 2 signs
• Landscaping, including grape vines, former koi pond and sculptures

4200 4th Street (Parking Lot) –

• Lot size: 101′ x 70′, comprising 7,070 square feet or 0.162 acre, more or less
• 101′ frontage on 4th Street, 70′ frontage on Edison Street
• Curb cut on Edison Street
• Macadam paved for 26± vehicles
• All public utilities

Plat for 4118 4th Street

Location Drawing – Location drawing provided by prior owner, and is being provided in conjunction with this sale without warranties of any kind, whatsoever.

ZONING:
C-1 – Local Commercial Districts

According to the Anne Arundel County Summary of Zoning Districts, “This District is generally intended for neighborhood convenience commercial uses/development where individual uses do not exceed 25,000 square feet in area (or for Offices, a maximum of 50,000 sq. ft.). Maximum lot coverage by structures and parking is 75%. Maximum Floor Area Ratio is 1.0. Maximum height is 45 feet based on minimum setbacks and can increase to 72 feet provided setbacks are increased as per formula.

For more information about Anne Arundel County Zoning, please visit:
https://www.aacounty.org/departments/planning-and-zoning/zoning/

IMPROVEMENTS:
4118 4th Street is improved by a two story freestanding building – constructed in 1950 and containing 7,133 square feet of gross building area, according to public tax records. The building is arranged for a restaurant, catering hall and storage, on the first floor; full apartment with separate entrance on the second floor. Exterior features include a masonry structure, brick facade, covered front porch, separate entrances to each of the spaces, asphalt shingle roof and replacement windows.

The restaurant portion is segmented into a former tavern area, dining area, full kitchen and powder rooms. Needs full renovation.

The apartment is arranged for a living room, dining room, kitchen, separate laundry room, 3 bedrooms and bath.

Electric and other utilities are not fully self contained between the units.

ANNUAL REAL ESTATE TAXES:
4118 4th Street – Published annual real estate taxes are $3,629.98, based on a full value assessment of $305,300.

4200 4th Street – Published annual real estate taxes are $1,050.15, based on a full value assessment of $100,300.

Purchasers may petition for a reduction in the assessment of their property in conjunction with a purchase price substantially less than the currently assessed value of the property. Purchasers are encouraged to contact the Maryland State Department of Assessments & Taxation concerning the appeals process, and may see the following link for helpful information:
https://dat.maryland.gov/realproperty/Pages/Assessment-Appeal-Process.aspx

TITLE:
The properties are in fee simple; and are being sold free and clear of all liens.

FIXTURES & EQUIPMENT:
Remaining bar and kitchen equipment are included. Any excluded items will be announced on the day of the auction.

SUMMARY TERMS OF SALE:
Please refer to the contract of sale for complete terms and conditions. A $7,500 deposit, payable by 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. Deposit funds shall be held by A. J. Billig & Co., LLC. Balance to be paid in cash at settlement, which shall take place on or before Tuesday, January 21, 2020. 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. The Purchaser agrees to waive the right of inspection for lead paint, as provided under current Federal and State law. 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. 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.

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