LIQUOR STORE

PUBLIC AUCTION

Three Story Building:
LIQUOR STORE &
2 SHELL APARTMENTS
&
★ 6-Day Beer, Wine & Liquor License ★

Sale On Premises
245 N. CAREY STREET
Corner W. Saratoga Street
Poppleton, Baltimore City, MD 21223

WEDNESDAY, DECEMBER 13, 2017
AT 1:30 P.M.

– Suggested Opening Bid: $50,000 –

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:
245 N. Carey Street is located in the Poppleton neighborhood in southwest Baltimore City. Surrounding neighborhoods include Hollins Market, Franklin Square, Harlem Park and the University of Maryland Baltimore Campus. The property sits immediately south of commuter routes in and out of downtown Baltimore, and a short distance east of the West Baltimore MARC station, providing a strong potential customer base through the proximate corridor. According to State Highway Administration GIS Traffic Count Map, approximately 6,200 cars per weekday travel along this segment of Saratoga Street, 3,300 cars per weekday along this segment of N. Carey Street and approximately 15,400 cars per weekday along this segment of W. Mulberry Street, immediately north of the property (annual averages). The auction represents an opportunity to buy an established business, operated by the current owners for 25 years, with a potential for further expansion and development utilizing the upper two floors.

For more information about the area, please visit:
https://livebaltimore.com/neighborhoods/

For more information about traffic statistics nearby, please visit:
http://www.roads.maryland.gov/index.aspx?PageId=838

SITE:
Lot – 15′ x 69′, more or less

All public utilities

Zoning:
R-8 Residential – Approved non-conforming use for liquor store.

IMPROVEMENTS:
Three story brick end-of-group building – according to public tax records, the building was constructed in 1900. The property features a buff brick facade, separate exterior entrance to upper units, interior and exterior access to lower level storage room, good exposure from eastbound Saratoga Street and southbound Carey Street. The first floor is arranged for a liquor store, with security enclosure, several standup coolers, storage shelving and laminate floor. Lower level, inventory storage and utility space. Upper floors each contain a shell apartment unit. 2 electric meters. Oil boiler.

The owner has a current active license with the Maryland Lottery.

Prospective purchasers are encouraged to perform their own due diligence with respect to application and renewal of gaming licenses with the Maryland State Lottery and Gaming Control Agency.

For more information, please visit: http://gaming.mdlottery.com/

ANNUAL REAL ESTATE TAXES:
Published annual real estate taxes are $2,652.64.

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

LIQUOR LICENSE:
Class “A” – Beer, Wine & Liquor License Number LA 031- Off Sale package goods, no on-premises consumption – 6 days, 6:00 a.m.- Midnight. No Sunday sales except Sundays between Thanksgiving Day and New Year’s Day, upon issuance of a special license for each Sunday.

The transfer of this liquor license is subject to the approval of the Board of Liquor License Commissioners for Baltimore City 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.

To obtain copy of liquor license, please complete the: Waiver and Confidentiality Agreement, sign it and return it to the office of the Auctioneer by email: info@ajbillig.com or fax: 410-296-4420.

For more information about Baltimore City Liquor Licenses, please visit:
https://llb.baltimorecity.gov/

MANNER OF SALE:
The real estate, liquor license and non-excluded fixtures and equipment will be sold as an entirety only. Excluded items will be announced at the time of sale.

TERMS OF SALE:
A deposit of $7,000, payable by cashier’s check, will be required of the Purchaser at time and place of sale. The deposit shall be increased to 25% of the purchase price within 24 hours at the Auctioneer’s office. 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, 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 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. Seller makes no warranties regarding the condition of the property, zoning of the property, use of the property for a particular purpose or any other warranties whatsoever, save those relating to the Seller’s ability to convey free, clear, good and marketable title. 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.

NO BUYER’S PREMIUM!