REAL ESTATE AUCTION Featuring Live & Online Simulcast Bidding – $100,000 Opening Bid – BROADWAY EAST TWO STORY CORNER LIQUOR STORE & BAR Including: 7 Day Liquor License (LBD-7), Furniture, Fixtures & Equipment Known As 2101-2103 E. NORTH AVENUE Baltimore City, MD 21213 Online Bidding Opens MONDAY, JUNE 23, 2025 Live Onsite Auction TUESDAY, JUNE 24, 2025 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. LOCATION: 2101-2103 E. North Avenue is located in the Broadway East neighborhood of east Baltimore City. Surrounding neighborhoods include Oliver, Berea and East Baltimore Midway. The property is located on North Avenue in front of a bus stop, providing both convenient access and exposure to the business. Belair Road, Harford Road and Broadway are within a half mile of the property making it convenient to major roadways. Annual Average Daily Traffic count in front of the property on North Avenue is 16,340 vehicles, according to the MDOT State Highway Administration Website. The auction provides an opportunity to buy a long-standing location, with liquor license, and renovate to one’s own specific business perspective and taste. For more information about the area, please visit: CityView Map – cityview.baltimorecity.gov Community Development Map – cels.baltimorehousing.org City of Baltimore – www.baltimorecity.gov SITE: Lot size – 27’4? x 80'. Plat Originally two lots, now combined into one tax bill. Access to buildings through several doors and ramps on both North Avenue and Chester Street All public utilities ZONING: R-8 Residential Zoning, permitted use as a bar For more information about Baltimore City Zoning, please visit: Zoning – dhcd.baltimorecity.gov IMPROVEMENTS: Two story bar and liquor store building, constructed in 1920, according to public tax records. The first floor of the building is split into two sections containing a liquor store with protective glass area, storage and several refrigerators, on one side; large bar area with restroom and recreational space, on the other. The second floor of the building is a large lounge with a bar, office space and restroom. More information coming soon. LIQUOR LICENSE: Class LBD-7, 7-day liquor license, issued for 2101-2103 E. North Avenue. Liquor License TITLE: In fee simple; sold free and clear of liens. TAXES: Published annual real estate taxes are approximately $944, based on a full value assessment of $40,000 SUMMARY TERMS OF SALE: Please see the contract of sale for complete terms. Live Auction Bidders – a $15,000 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 within 24 hours 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 4:00 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. Interest to be charged on the unpaid purchase money, at the rate of 12% per annum, from date of contract to date of settlement. 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 contract and assumed thereafter by the purchaser. The Seller makes no representations or warranties as to the condition of the Property or any improvements thereon and Purchaser acknowledges and agrees to purchase the Property in its “AS IS/WHERE IS” “WITH ALL FAULTS” condition and basis, subject to all easements, agreements, restrictions or covenants of record, zoning, and all laws, regulations, and governmental rules 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 agrees to waive the right of inspection for lead paint, as provided under current Federal and State law. 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 5% buyer’s premium will be added to the final bid price. The transfer of this liquor license is subject to the approval of the Board of Liquor License Commissioners of Baltimore City as in the case of an original application, and it shall be the sole responsibility of the purchaser to obtain said approval.