"East Baltimore - South Clifton Park"

Live Auction Bidders – a $10,000 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 (wire or cashier’s check).

Online Auction Bidders – a $10,000 or 10% deposit, whichever is greater, payable by cashier’s check or wire, will be required of the purchaser by 4:30 P.M. on the day of auction. When you register for an online auction, a “ping” will be placed on your credit card and immediately voided, you will not be charged the deposit amount.

No Buyer’s Premium. For complete Terms Of Sale, see the Summary Terms Of Sale at the bottom of this page and see the Sample Contract.

Featuring Live & Simulcast Online Bidding
$50,000 Opening Bid

EAST BALTIMORE
South Clifton Park

TWO STORY
CORNER LIQUOR STORE & BAR
Known as “Robbie’s Nest”

Including:
7 Day Liquor License (LBD7),
Furniture, Fixtures & Equipment

Sale On Premises:
2250 E. NORTH AVENUE
A/K/A 2246-2250 E. North Avenue
Corner N. Patterson Park Avenue
Baltimore City, MD 21213

Online Bidding Opens
MONDAY, JULY 17, 2023

Live Onsite Auction Begins
WEDNESDAY, JULY 19, 2023
AT 11:00 A.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:
2250 E. North Avenue, comprising 2246, 2248 and 2250 E. North Avenue, has been operating as a neighborhood tavern and liquor store for the past several decades. The site represents a well-known, visible location with 15,793 cars per day (AADT) passing along North Avenue (US-40 Bypass) and another 5,364 cars per day (AADT) along N. Patterson Park Avenue, according to MDOT statistics. Being positioned at the corner of a signalized intersection provides further exposure, and signage is especially visible without immediately adjoining properties. The subject corridor is a significant commuter route for those coming in and out of Downtown Baltimore and the Johns Hopkins Hospital East Baltimore Campus, in addition to those residing in the immediate area. The auction provides an opportunity to buy a long-standing location, with liquor license, and renovate to one’s own specific business perspective and taste.

For more information about the area, please visit:
Neighborhoods – livebaltimore.com
CityView Map – cityview.baltimorecity.gov
Community Development Map – cels.baltimorehousing.org
City of Baltimore – www.baltimorecity.gov

SITE:
Lot size – 40′ x 80′, comprising 3,200 sq. ft, or 0.073 acre, more or less

Plat

Originally three lots, now combined into one tax bill, the lot fronts a total of 40′ on E. North Avenue and 80′ along N. Patterson Park Avenue

All public utilities

ZONING:
R-8, permitted use as a tavern

For more information about Baltimore City Zoning, please visit:
Zoning – dhcd.baltimorecity.gov

IMPROVEMENTS:
Two story corner tavern building – constructed in 1920 and believed to contain 2,000 square feet of finished area, above grade, and approximately 1,000 square feet of basement space. Enclosed courtyard at formerly 2248 W. North Avenue. The building is arranged as a tavern and liquor store, with retail area, bar area, unfinished basement, walk-in cooler, office area and utility spaces. Needs full renovation.

LIQUOR LICENSE & FFE:
The sale includes a 7 day class D “Tavern” (LBD7) liquor license, and whatever furniture, fixtures and equipment located on-site at the time of the auction.

The transfer of this liquor license is subject to the approval of the Board of Liquor License Commissioners of Baltimore as in the case of an original application, and it shall be the sole responsibility of the purchaser to obtain said approval.

Liquor License

TITLE:
Sold subject to three ground rents totaling $177/year ($56, $56 & 65); sold free and clear of all liens.

TAXES:
Current annual real estate taxes are $1,302.72, based on a full value tax assessment of $55,200.

SUMMARY TERMS OF SALE:
Please see the contract of sale for complete terms.
Live Auction Bidders – a $10,000 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 (wire or cashier’s check).

Online Auction Bidders – a $10,000 or 10% deposit, whichever is greater, payable by cashier’s check or wire, will be required of the purchaser by 4:30 P.M. on the day of auction.

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. 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!