"Catonsville"

Frank G. Lidinsky, Attorney
Law Office of Frank G. Lidinsky, PA
8600 LaSalle Road, Suite 320
Towson, MD 21286

ESTATE SALE

– CATONSVILLE –

BAR & RESTAURANT
4,000± Sq. Ft. Building – Paved Parking Lot
0.22± Acre ✦ Zoned BL ✦ Pole Sign

★ 7-Day Liquor License ★

Sale On Premises
180 WINTERS LANE
Off Baltimore National Pike (US-40)
Baltimore County, MD 21228

WEDNESDAY, APRIL 12, 2017
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:
180 Winters Lane is located in the Catonsville area of western Baltimore County. The property was formerly operated as the Brick House bar and restaurant.

The property is situated just south of Baltimore National Pike (US-40), less than one-half mile from Baltimore Beltway (I-695) Exit 15. Winters Lane is a well-traveled road providing access between Baltimore National Pike, Edmondson Avenue and Frederick Road. According to CoStar (DataMetrix Products), the average daily traffic count in front of the property is roughly 6,000 cars. The surrounding area is made up of well-established communities that utilize the major commuter routes of I-70, I-695, I-95 and Baltimore National Pike for access to major employment centers in Downtown Baltimore, Washington D.C., Columbia and Linthicum/BWI. UMBC is a short distance to the south. The combination of residents and commuters in the area provides a strong potential customer base for the current arrangement as a bar and restaurant, or for businesses of any kind.

SITE:
Level lot comprising 9,496 square feet, or 0.22 acre, more or less

The lot fronts approximately 85′ along Winters Lane, and 120′ on Shipley Avenue

Two curb cuts on Winters Lane and two curb cuts on Shipley Avenue

Asphalt paved parking area in the front for 4-5 vehicles

Asphalt paved parking area in the rear for 10-12 vehicles

Pole sign

Large frame storage building (potential for more parking)

All public utilities

Zoning:
BL – Business Light
A portion of the rear of the property may be zoned DR 5.5
For more information about Baltimore County Zoning, please visit:
http://www.baltimorecountymd.gov/Agencies/planning/zoning/

IMPROVEMENTS:
One story building, containing 3,960 square feet of gross building area, according to public tax records. Rough dimensions of the building indicate a square footage larger than stated in the tax records.

Exterior
Brick facade
Multiple entrance doors
Built-up roof
Constructed on grade

Interior
Package goods store
Large bar and lounge
Second large bar and lounge
Commercial kitchen
Office
Storage Areas
Multiple Rest Rooms

ANNUAL REAL ESTATE TAXES:
Published annual real estate taxes are $5,264.32, based on a full value tax assessment of $351,400. 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:
http://dat.maryland.gov/realproperty/Pages/Assessment-Appeal-Process.aspx

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 “B” – 7-Day Beer, Wine and Liquor License. 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.  Off-premises sales may be permitted, but no more than 20% of the floor space may be used for package goods and 50% of total sales must be food.

MANNER OF SALE:
The Real Estate and furniture, fixtures and equipment will be offered first and the bid reserved; the liquor license will then be offered and the bid reserved; finally everything will be offered as an entirety. The property will be sold in the manner producing the greatest amount.

TERMS OF SALE:
Real Estate – A deposit of $15,000, payable by cashier’s check, will be required of the Purchaser at time and place of sale. If sold as an entirety with the liquor license, the deposit shall be $25,000 at the time of sale. The deposit shall be increased to 10% 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. 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.

Liquor License – A $10,000 deposit by cashier’s check is required of the purchaser at the time and place of sale. If sold separately, balance to be paid within 48 hours. If sold with the real estate balance due at the real estate settlement. Time is of the essence.

NO BUYER’S PREMIUM!

Sale by Order of The Estate of Roosevelt Fletcher, by:
Frank G. Lidinsky, Successor Personal Representative

C