5507 Oregon Ave
Baltimore, MD 21227
Retail Property For Sale

List price to be opening bid at online only auction. Bidding begins Friday, May 6th @ 1:00 PM & ends Wednesday, May 11th, 2022 @ 1:00 PM. **RARE OPPORTUNITY** Owners Retiring, Turn-Key Landmark Restaurant Including Real Estate, Known as "Paul's Restaurant", in the Arbutus area of Baltimore County Paul's Restaurant has been a landmark for approx. 70 years. This is a turn-key sale of the real estate, furniture, fixtures and equipment. In 2021, the restaurant had approx. $518,000 in gross sales. It is presently open and operating. It has a 4.2/5 rating on Google Reviews. The Owners are retiring. Location: Arbutus is a long established community in southwest Baltimore County. It is anchored by the nearby University of Maryland, Baltimore County. The population of the immediate area is approx. 20,000. Some of its notable features include the Guinness Brewery, Patapsco Valley State Park, and the neighborhood of Relay that is known for its Victorian architecture. Arbutus is located at the intersection of the Baltimore Beltway and I-95. Site Description: The property, which is basically rectangular in shape, comprises approx. 2,730 sq. ft. or 0.06 acre. There is a public parking lot in the rear of the property. Improvements Description: The property is improved by a 2-level commercial building. According to the Maryland State Department of Assessment and Taxation, each level is approx. 2,228 sq. ft. The main level is divided into an entryway, large dining room, fully equipped kitchen and 2 restrooms. The lower level features a large dining room, ideal for banquets and parties, a walk-in refrigerator, 2 restrooms, an office and storage area. There are interior and exterior entrances to the lower level. In Cooperation with Nick Courtlais of BCV Commercial Realty Diligence Package: A copy of the purchase and sale agreement with assorted addenda are located in the documents section of the auctioneer's website, link below. In order to gain access, you must create a free account as well as accept a non disclosure agreement. Auction Notes: Online Auction Only! Bidding begins Friday, May 6th @ 1:00 PM & ends Wednesday, May 11th, 2022 @ 1:00 PM. Online Bidding Notes: The initial deposit must be made via credit card, wire transfer or by Cashier's Check. Please review the online bidding terms and deposit transmittal form in the Documents Section for more details.