Buy It Now: $150,000 - "Patterson Park - Highlandtown National Historic District"

Buy It Now: $150,000

Two Story Building:
TAVERN & APARTMENT
&
★ 7-Day Beer and Wine License ★

3820 E. PRATT STREET
Corner Fagley Street
Baltimore City, MD 21224

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:
3820 E. Pratt Street is located in the Baltimore Highlands neighborhood in southeast Baltimore City, and is part of the Patterson Park-Highlandtown National Historic District. Surrounding neighborhoods include Highlandtown, Patterson Park, Brewer’s Hill, Canton and Kresson. The area has been undergoing a renaissance for the last several years, including significant commercial development, new businesses and a large number of home renovations. Proximity to I-895, I-95, Johns Hopkins Bayview and Patterson Park makes the area attractive for people who live or work in the area.

SITE:
Lot – 13’4″ x 73’1″, more or less

Exterior stairwell to second floor

Fenced yard area (potential off street parking)

All public utilities

Zoning:
R-8 Residential – Approved non-conforming use for tavern and apartment

IMPROVEMENTS:
Two story end-of-group building – the building contains 1,534 square feet of interior space, and 520 square feet of unfinished basement space.

Exterior
Brick and formstone facade with storefront entrance
Vinyl clad replacement windows
Built-up roof

Interior

First Floor – Tavern Area

• Laminate floor, drop ceiling
• Bar area – seating for 20-25, wood bar, beer refrigerators, utility sink, storage and wood details
• Rear room – seating area or pool room
• Two powder rooms

 

Second Floor – Apartment

• Living room – carpet, built-ins
• Kitchen – laminate floor, laminate countertops, range oven, refrigerator/freezer
• Two bedrooms – carpet
• Full hall bath – laminate floor, shower tub

Cellar basement

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.

FIXTURES & EQUIPMENT:
Remaining bar and kitchen equipment are included.

LIQUOR LICENSE:
Class “WD” – Beer and Wine – Tavern/Package Goods 7-day license. License number WD 036. 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.

MANNER OF SALE:
Real estate, liquor license, furniture, fixtures and equipment to be sold as an entirety only.

TERMS OF SALE:
Real Estate – A 10% deposit, payable by 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 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. 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!