Bought with STEPHEN PIPICH Jr. • VYBE Realty
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Key Details
Sold Price $700,000
Property Type Commercial
Sub Type Retail
Listing Status Sold
Purchase Type For Sale
Square Footage 3,136 sqft
Price per Sqft $223
MLS Listing ID MDBA2162682
Sold Date 05/30/25
Year Built 1920
Available Date 2025-04-11
Annual Tax Amount $10,383
Tax Year 2024
Lot Size 1,306 Sqft
Acres 0.03
Property Sub-Type Retail
Source BRIGHT
Property Description
Prime Investment Opportunity in Federal Hill! Turnkey restaurant space featuring al fresco dining, a spacious main-level dining area with a full bar, and a second-floor overflow/private party room complete with a wet bar. Classic interior finishes include exposed brick, crown molding, coffered wood ceilings, and low-maintenance flooring—all bathed in natural light. Fully equipped kitchen included. Current lease runs through 2029 at $7,000/month NNN. Recent appraisal at $950,000 (Feb 2025). Strong investment fundamentals with a 9.1% cap rate and 10.82% ROI. Ideal opportunity for investors seeking a stabilized asset in one of Baltimore's most sought-after neighborhoods. Liquor license is included with the sale of the property.
Location
State MD
County Baltimore City
Zoning R-8*
Interior
Hot Water Natural Gas
Heating Radiator
Cooling Window Unit(s)
Heat Source Oil
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 0323120981 002
Ownership Fee Simple
SqFt Source Estimated
Special Listing Condition Standard
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