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Featuring Live & Online Simulcast Bidding
$50,000 Opening Bid
CORNER LIQUOR STORE
Corner Storefront Building
6-Day Class A Liquor License
Furniture, Fixtures, Equipment
1900 W. NORTH AVENUE
Corner of N. Monroe Street
Baltimore City, MD 21217
Online Bidding Opens
MONDAY, MAY 23, 2022
Live Onsite Auction
TUESDAY, MAY 24, 2022
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.
1900 W. North Avenue is located in the Mondawmin neighborhood of west Baltimore City. Surrounding neighborhoods include Panway/Braddish, Penn North, Coppin Heights and Walbrook. The property is located on North Avenue, which features dining, retail and entertainment options. Commuters can also take advantage of North Avenue for east/west travel and I-83 (2 miles) for north/south travel. Druid Hill Park is within half a mile of the property and boasts a lake, disc golf course, trails and the Maryland Zoo in Baltimore. Major employers in the area include Coppin State University (0.5 mile), the shops at Mondawmin Mall (0.8 mile) and Baltimore City Community College (1.5 miles).
For more information, please see:
Neighborhoods – livebaltimore.com
Corner lot – 14’6″ x 80′, more or less. Plat
All public utilities
C-1 Commercial, approved for liquor store and one dwelling unit.
According to the TransForm Baltimore Zoning Code, the C-1 zoning includes “commercial clusters or pedestrian-oriented corridors of commercial uses that serve the immediate neighborhood.”
For more information about Baltimore City zoning, please visit:
Zoning – dhcd.baltimorecity.gov
Two story brick end of group building arranged for a storefront on the first floor, and apartment on second floor – according to public tax records, the building was constructed in 1920.
In fee simple; sold free and clear of liens. Baltimore City Deed Book PMB Liber 6838, folio 294.
Published annual real estate taxes are $448.40, based on a full value assessment of $19,000.
Class A (BWL) – 6 day beer, wine and liquor license. According to the Baltimore City Liquor License Types page, Class A BWL consists of “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.
For more information, see: Liquor License Types – llb.baltimorecity.gov
Inventory will be transferred on a dollar cost basis as published in the Maryland Beverage Guide, at the purchaser’s option.
SUMMARY TERMS OF SALE:
Please see the contract of sale for complete terms.
Live Auction Bidders – 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 by 11:00 A.M., Wednesday, May 25, 2022, at the Auctioneer’s office.
Online Auction Bidders – a 10% deposit, payable by cashier’s check or wire transfer, will be required of the purchaser by 4:30 P.M. on the day of auction, 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 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, ground rent, 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. The Property will be sold subject to Baltimore City violation notices, 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 except where otherwise mandated by local, State or Federal law. Time is of the essence. A 10% buyer’s premium will be added to the final bid price.