4017 Eastern Ave
Baltimore, MD 21224
Retail Property For Sale

LOCATION: 4017-4019 Eastern Avenue is located at the northern edge of Brewer's Hill, immediately south of the Highlandtown neighborhood, and within the Highlandtown Arts & Entertainment District. The area has been well known for decades as a center of community life in Southeast Baltimore City, and has been experiencing a renaissance over the last few years. New entertainment spaces, galleries, restaurants and apartment buildings are being built throughout the surrounding area, complimenting many of the long standing businesses and institutions that have characterized Highlandtown for a long time. Proximity to major employers and highways make the location attractive for business catering to those working nearby, in addition to the ample density of local residents. Tax incentives are available to qualifying businesses within the Highlandtown Arts & Entertainment District. The property has exposure along both Eastern Avenue and S. Haven Street. According to State Highway Administration GIS Traffic Count Map, approximately 22,600 cars per weekday travel along this segment of Eastern Avenue, and 9,234 cars per weekday along the proximate segment of S. Haven Street (annual averages). For more information about the area, please visit: https://livebaltimore.com/neighborhoods/brewers-hill/ https://livebaltimore.com/neighborhoods/highlandtown/ http://www.ihearthighlandtown.com/ & http://www.highlandtownarts.com/ For more information about traffic statistics nearby, please visit: http://www.roads.maryland.gov/index.aspx?PageId=838 SITE: Lot size - 24' x 140', more or less Off street parking for 2 vehicles All public utilities ZONING: C-2 - Approved for Tavern with Live Entertainment, Dancing & Catering According to TransForm Baltimore Zoning District Summary, C-2 zoning comprises: "Small to medium-scale commercial use, typically located along urban corridors. Designed to accommodate pedestrians and, in some instances, the automobile. Mixed-use development is appropriate within this district." For more information about Baltimore City zoning, please visit: http://www.baltimorehousing.org/zoning & https://planning.baltimorecity.gov/programs/transform-baltimore IMPROVEMENTS: Two story brick in-line building - according to public tax records, the building was constructed in 1900 and contains 3,236 square feet of gross building area. Exterior Brick facade Flat built-up roof Vinyl clad casement windows Commercial show window Front, side and rear entrances Interior First Floor: Bar area - Updated ceramic tile floor (2014) Drop ceiling 20+ seat oak bar Seating area for 30+ patrons Dance floor with DJ booth 2 - rest rooms Commercial Kitchen - ceramic tile floor and walk-in cooler Second Floor: Lounge area Ceramic tile floor (2014) Bar Seating for 30+ patrons Office Storage room Mechanical & Equipment Gas forced air heat and CAC 5 tap draft system Stainless range hood with fire suppression Gas range and flat top Fryer Miscellaneous additional tavern fixtures, equipment, kitchen appliances, sinks, tables and chairs ANNUAL REAL ESTATE TAXES: Published annual real estate taxes are $4,415.56, based on a full value tax assessment of $187,100. 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: 7-Day Beer, Wine & Liquor License (LBD7) - permits alcoholic beverage sales for on and off-premises consumption. License states: "CONTINUE TO USE AS A TAVERN WITH LIVE ENTERTAINMENT AND DANCING WITH CATERING (OFF PREMISE CATERING) LICENSEE PROVIDES DELIVERY OF ALCOHOLIC BEVERAGES" 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. Please complete the Waiver & Confidentiality Agreement to receive a copy of the liquor license. TERMS OF SALE ): $26,000 deposit, payable by cashier's check, will be required of the Purchaser at time and place of contract. Deposit funds shall be held by A. J. Billig & Co., LLC. Balance to be paid in cash at settlement, which shall take place on or before Monday, July 23, 2018. 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, rents, 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. Time is of the essence. NO BUYER'S PREMIUM!