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November 24, 2010

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. 

"I have too much money to pay off on his estate," she said. 

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)

Photo: Alex Cooper Real Estate Services

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Posted by Erik Maza at 10:37 AM | | Comments (6)
Categories: Bars & Clubs
        

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.

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!

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.

Sad day for Saturday night karaoke in SoBo.

people sell house in craigslist.

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.

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About Erik Maza
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 "simulated sex with a potted palm tree." Before The Sun, he was a reporter at the Miami New Times. He's also written for Miami magazine, the Orlando Sentinel, the Sarasota Herald Tribune and the Gainesville Sun. Got tips? Gripes? Pitches? He's reachable at erik.maza@baltsun.com. Click here to keep up with the dumb music he's listening to.

Midnight Sun covers Baltimore music, live entertainment, and nightlife news. On the blog, you'll find, among other things, concert announcements, breaking news, bars closings and openings, up-to-date coverage of crime in nightlife, new music, round-the-clock coverage of Virgin Mobile FreeFest, handy guides on bars staying open past 2 a.m. on New Year's Eve and those that carry Natty Boh on draft. Recurring features include seven-day nightlife guides, Concert News, guest reviews of bars and concerts, Wednesday Corkboard, and photo galleries, as well as reader-submitted photos. Thanks for reading.
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