Bought with STEPHEN PIPICH Jr. • VYBE Realty
$700,000
$900,000
22.2%For more information regarding the value of a property, please contact us for a free consultation.
3,136 SqFt
SOLD DATE : 05/30/2025
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
Read Less Info
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
GET MORE INFORMATION
Agent | License ID: 2220165