Go Back WednesdayFebruary 8, 2017 — 1:00pm
Public Auction Sale
Two Mixed-Use Properties Including a Liquor Store Located at a Signalized Intersection in the "Lauraville" Area of Baltimore City
4924 & 4926 Harford Road, Baltimore, MD 21214
Location: On the Premises
Exceptional opportunity to purchase two commercial properties, including a liquor store, conveniently located at the signalized intersection of Harford Road and Ailsa Avenue in the "Lauraville" community of Baltimore City.
The parcels are zoned B-3-1 and are served by public water and public sewer.
** Please Note that the properties will be sold INDIVIDUALLY AND AS AN ENTIRETY. The sale will be made in the manner producing the greater amount.
4924 Harford Road:
The sale includes the real estate, the BWL License (Baltimore City License #: LA 147) and the furniture and fixtures for 4924 Harford Road
THE SALE DOES NOT INCLUDE ANY LIQUOR AND FOOD INVENTORY OR THE POINT OF SALE CREDIT CARD PROCESSING MACHINE
The first floor of the building is used as a retail storefront. This floor includes a front open area with a counter which is currently used as a liquor store, plus 2 rear storage rooms which are used to stock inventory. Typical finishes for this floor include tile floors, wood panel and plaster walls, plaster and tin ceilings and fluorescent lights.
The second floor of the building is currently vacant and is partitioned into a dwelling unit. This floor includes a living room, dining room, kitchen, two bedrooms and a full bathroom. Typical finishes for this floor include wood and tile floors, drop-tile and plaster ceilings and wood panel and plaster walls.
The basement of this building is full, unfinished and includes a half-bathroom.
The liquor store is heated by space heaters and the rest of the building does not include a heating system.
4926 Harford Road:
The first floor of the vacant building is currently partitioned into two units.
- The front unit includes a large open area and a full bathroom. Typical finishes include tile floors, drop-tile ceilings, drywall and plaster walls and fluorescent lights. This unit is heated by a gas fired hot water radiator system.
- The rear unit includes a living room, kitchen, bedroom and full bathroom. Typical finishes include carpet and tile floors, drop-tile ceilings, plaster walls and fluorescent lights. This unit is heated by a gas fired forced hot air system.
The second floor of the building is currently vacant and is partitioned into a dwelling unit. This floor includes a living room/dining room combo, kitchen, three bedrooms, full bathroom and a rough-in for a second full bathroom. Typical finishes include carpet and tile floors, plaster and drywall walls and ceilings and ceiling fans.
Please call for a private appointment today.
Do not miss this opportunity!
Ground Rent: Fee Simple
5% Buyers Premium Added To The Hammer Price
4924 & 4926 Harford Road will be offered individually and as an entirety. The sale will be made in the manner producing the greater amount.
The sale includes the real estate, the BWL License (Baltimore City License #: LA 147) and the furniture and fixtures for 4924 Harford Road.
THE SALE DOES NOT INCLUDE ANY LIQUOR AND FOOD INVENTORY OR THE POINT OF SALE CREDIT CARD PROCESSING MACHINE for 4924 Harford Road.
The transfer of the above referenced BWL License (Baltimore City License #: LA 147) is subject to the approval of the Baltimore City Liquor Board and is not a condition for settlement of 4924 Harford Road
Summary of Terms of Sale: A deposit in the form of cash, cashier's check or certified check for $10,000 per property or $20,000 for the entirety is due at the time and place of sale. The difference to bring the deposit up to 10% is due 2 business days after the sale in the auctioneer's office. If payment of the additional deposit or the balance of the purchase price is not made within the specified periods, the deposit will be forfeited and the property may be resold at the risk and expense of the defaulting purchaser. Settlement is 60 days from the sale date. All expenses, including real estate taxes, sanitary and/or metropolitan district charges, special assessment and private utility charges are to be adjusted to date of settlement and assumed thereafter by the purchaser. Cost of all documentary stamps, settlement costs and transfer taxes to be paid by the purchaser. The property will be sold in "As is" condition without express or implied warranty as to the nature and description of the improvements. The property will be sold subject to easements, agreements, restrictions or covenants of record affecting the same, if any. Dimensions and acreage are more or less. Time is of the essence as to the terms of this contract.
NOTE: Alex Cooper Auctioneers is acting as agent for the Owner in this transaction. Alex Cooper Auctioneers is not acting as agent for the successful bidder. Any buyer-broker is acting as an agent for the successful bidder and is not a sub-agent of Alex Cooper Auctioneers.
** NOTICE TO BUYER: IF YOU ARE CONTEMPLATING FINANCING FOR THIS PURCHASE, APPLICATION MUST BE MADE WITH A LENDER AND TITLE COMPANY NO LATER THAN SEVEN (7) DAYS FROM THE DATE OF THIS SALE.
The information contained herein was obtained from sources deemed reliable, but is offered for informational purposes only. The Auctioneer, the Sellers, and their respective agents and representatives do not make any representations or warranties with respect to the accuracy of the information contained herein. Prospective purchasers are urged to make their own inspection.