Former Gina's at the Bridge and Tiki Mike's Building at Knapps Narrows Heads to Auction Oct. 30

TILGHMAN, MARYLAND — The waterfront restaurant building at the Knapps Narrows drawbridge, formerly operated as Gina's at the Bridge and Tiki Mike's, is scheduled to be sold at auction Friday, Oct. 30.

Auctioneer A. J. Billig & Co. lists the property at 6136 Tilghman Island Road with an opening bid of $300,000. Online bidding opens Thursday, Oct. 29, and the live onsite auction is set for noon Oct. 30.

The listing describes a one- and two-story frame building with 4,277 square feet of gross building area, plus a frame tiki bar and patio. It lists a full kitchen with a hood system, steaming area and walk-in cooler, estimated capacity of about 100 guests indoors and about 100 outdoors, and a new roof in 2026. The 0.276-acre lot has about 132 feet of water frontage along Knapp's Narrows and Tonger's Basin, about six parking spaces on the property, a well and public sewer. The listing places the site in flood zone AE and in Talbot County's Village Mixed zoning district.

State assessment records list the parcel as commercial property, with a 4,277-square-foot structure built in 1930 on about 12,000 square feet of land. Its current total assessment is $600,900, up from $576,900 the year before. The listing puts published annual real estate taxes at $5,365.17.

Buyers at the live sale must bring a $40,000 deposit by cashier's check, and online bidders must post the same deposit before they are approved to bid. Any required increase of the winning bidder's deposit to 10% of the purchase price is due by 11 a.m. Monday, Nov. 2. A 6% buyer's premium is added to the high bid, settlement is due within 45 days, and the property is sold as is, according to the listing, which says it is sold free and clear of all liens. The terms charge 12% annual interest on unpaid purchase money from the contract date to settlement.