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$ 625,000
Est. payment | /mo
2,760 SqFt
$ 625,000
Est. payment | /mo
2,760 SqFt
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 2,760 sqft
Price per Sqft $226
Subdivision Fells Point Historic District
MLS Listing ID MDBA2154322
Originating Board BRIGHT
Year Built 1920
Annual Tax Amount $5,832
Tax Year 2024
Lot Size 1,410 Sqft
Acres 0.03
Property Description
This corner building in the vibrant Fell's Point neighborhood presents a unique investment opportunity. Previously home to the beloved local spot, Lobo, the property is now leased to Mr. Tepache's under a multi-year agreement, ensuring a steady income stream.
Key Features:
Commercial Space: The ground floor features a well-appointed bar and restaurant area, complete with:
- Two restrooms
- An open kitchen equipped with a small hood system
- Fully functional beer taps
- Poured resin floors in the bar and bathroom areas for easy maintenance
- Refrigeration units
- A dishwashing station
Additional Income: The second floor houses two apartments, providing supplementary rental income.
Liquor License: The property comes with a liquor license, adding significant value to the commercial operations.
This property not only offers immediate income through its current lease but also holds potential for future growth in one of Baltimore's most sought-after neighborhoods. The combination of commercial and residential units makes it an attractive option for investors looking to diversify their portfolio in a dynamic urban setting.
Key Features:
Commercial Space: The ground floor features a well-appointed bar and restaurant area, complete with:
- Two restrooms
- An open kitchen equipped with a small hood system
- Fully functional beer taps
- Poured resin floors in the bar and bathroom areas for easy maintenance
- Refrigeration units
- A dishwashing station
Additional Income: The second floor houses two apartments, providing supplementary rental income.
Liquor License: The property comes with a liquor license, adding significant value to the commercial operations.
This property not only offers immediate income through its current lease but also holds potential for future growth in one of Baltimore's most sought-after neighborhoods. The combination of commercial and residential units makes it an attractive option for investors looking to diversify their portfolio in a dynamic urban setting.
Location
State MD
County Baltimore City
Zoning C-1
Interior
Hot Water Natural Gas
Heating Hot Water
Cooling Window Unit(s)
Heat Source Natural Gas, Electric
Exterior
Water Access N
Accessibility None
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Baltimore City Public Schools
Others
Tax ID 0302071830 046
Ownership Fee Simple
SqFt Source Assessor
Special Listing Condition Standard
Listed by Matthew E Garono • Cummings & Co Realtors