Bill's Lighthouse Inn in South Baltimore to be auctioned off
Bill's Lighthouse Inn, a South Baltimore bar and restaurant for 30 years, will be auctioned December 8.
Owner Adele Wedemeyer wouldn't say what the asking price is. But the property was previously listed on Craigslist for $775,000.
Up for auction are the four buildings that comprise 1741 Light St., the bar's liquor license, and the bar/restaurant's equipment and furniture.
The bar, which William Wedemeyer opened in 1980, is "more known for its food than its drinks," in particular the Lighthouse club sandwiches, Adele said.
She's been trying to sell the property for the last year, since William died.
She listed the property with Alex Cooper Real Estate Services three months ago.
Bill's includes a bar, a seated area, two public restrooms, and a commercial kitchen. The rest of the real estate is made up of a second-floor, two-bedroom apartment and two empty buildings that require renovation.
A $30,000 deposit is due at the time of sale, according to the listing at Alex Cooper. (Within three days of purchase, the buyer is required to bring the deposit up to 10% of the asking price.)
The auction will take place December 8 at 11 a.m at Bill's. (Thanks to reader locust point man for noticing the auction sign)
Erik Maza is a features reporter at the Baltimore Sun. He writes for several sections of the Sun paper and contributes weekly columns on music and nightlife. He also writes and edits the Midnight Sun blog. He often covers entertainment, business, and the business of entertainment. Occasionally, he writes about Four Loko, The Block, the liquor board, and those who practice "
Comments
It's a ton of property, but I just don't know about this... Seeing how other more prime properties went for significantly less... I would say somewhere between 400-500k if they are lucky.
Posted by: eCommerce Consultant | November 24, 2010 10:44 AM
Adele is a great lady and I hope she gets what she wants. However, Taps went for what 475k, The property on Fort and Light Street went for 190k. I am going with 375k, Bob or Drew!
Posted by: neighbor | November 24, 2010 11:02 AM
So, wait...can someone explain to me how this works? Once it's auctioned off, will it immediately be shut down? Thanks for getting the info, Maza.
Posted by: KGM80 | November 24, 2010 11:14 AM
Sad day for Saturday night karaoke in SoBo.
Posted by: -Tom- | November 24, 2010 4:29 PM
people sell house in craigslist.
Posted by: Craigslist Posting Service | November 25, 2010 2:38 AM
Would be great to get that intersection and couple blocks of Light Street cleaned up. Never went into Bill's, mainly because of the people that hang out on the corners.
Posted by: Man | November 29, 2010 2:27 PM