"Pigtown"

ONLINE AUCTION

CORNER TAVERN
Full Kitchen ✦ Apartment ✦ Curb Cut

Known As
“FIELDER’S TAVERN”
1184-1186 NANTICOKE STREET
Corner W. Ostend Street
Baltimore City, MD 21230

BIDDING OPEN:
THURSDAY, MARCH 26, 2020

BIDDING CLOSE:
MONDAY, MARCH 30, 2020
AT 12:00 P.M.

– Suggested Opening Bid: $135,000 –

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:
Fielder’s Tavern is located in the Washington Village – Pigtown neighborhood in South Baltimore, and is within the Pigtown National Historic District. The property enjoys excellent proximity to the Stadium Complex and Warner Street Entertainment District, while also retaining its South Baltimore neighborhood charm. Nearby attractions include M&T Bank Stadium, Oriole Park at Camden Yards, the Horseshoe Casino, multiple breweries and a number of planned venues, including Hammerjacks, Top Golf and the Paramount Baltimore concert venue. The average daily traffic count at the corner of Ostend Street is 7,350, providing good regular exposure at the site, in addition to the higher traffic attributable to Ravens games, Orioles games and other major events. The location within the historic district may provide an opportunity for historic tax credits.

For more information about the area, please visit:
Washington Village – Pigtown – livebaltimore.com
GIS Traffic Count Data – www.roads.maryland.gov
CityView – cityview.baltimorecity.gov
Historic Districts – chap.baltimorecity.gov

SITE:
Lot size – 26′ x 74’6″, more or less

Frontage on W. Ostend Street and Nanticoke Street

Curb cut on W. Ostend Street

All public utilities

ZONING:
R-8 – Residential – Approved use for tavern and carry-out

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

IMPROVEMENTS:
Two story end-of-group tavern building – constructed in 1898, containing 2,522 square feet above grade and 1,118 square feet of unfinished basement space. The building is arranged for a tavern, carry-out (full kitchen) and an efficiency apartment. Finishes include exposed brick walls, tile floors, drop ceiling and commercial lighting.

Tavern – Bar seating for 10-12, gaming area or additional seating area, two powder rooms and auxiliary space on the second floor for additional seating or private events. Currently approved for Keno. Gas forced air heat and central air conditioning. Electric baseboard heat on second floor.

Carry-out – Full kitchen with hood system, range-oven, fryer, prep area and prep sink. Suitable for separate use or in conjunction with tavern operation.

Apartment – Efficiency apartment with kitchenette and full bath. Electric baseboard heat.

Unfinished basement with storage and utility area. Two 200 amp. panel boxes with a sub panel in the carry-out (one electric meter).

ANNUAL REAL ESTATE TAXES:
Published annual real estate taxes are $3,838.14, based on a full value tax assessment of $162,633.

TITLE:
Subject to annual ground rents of $36 (1184) and $42 (1186), both due in semi-annual installments on 1/1 & 7/1; and is being sold free and clear of all liens.

FIXTURES & EQUIPMENT:
Remaining bar and kitchen equipment are included. Equipment includes 3 stand-up beverage coolers, horizontal beer cooler, gas range-oven with flat-top and broiler, fryer, tables, chairs, decorations. Keno machines excluded. Digital jukebox excluded. Additional exclusions may be announced at the auction.

LIQUOR LICENSE:
7-Day Beer, Wine & Liquor License (LBD-7)

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.

SUMMARY TERMS OF SALE:
Please refer to the contract of sale for complete terms and conditions. A $10,000 deposit, or ten percent (10%) of the Purchase Price (whichever is greater), in cash or cashier’s check to be delivered to the Auctioneer’s office at 6500 Falls Road, Baltimore, MD 21209, or sent by wire transfer, within 24 hours of Monday, March 30, 2020 at 12:00 P.M. (the bid closing). Deposit funds shall be held by A. J. Billig & Co., LLC. Balance to be paid in cash at settlement, which shall take place on May 15, 2020, or earlier if agreed upon in writing by Purchaser and Seller. 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. 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.

NO BUYER’S PREMIUM!