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.
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Listing Snapshot
Price
$625,000
Days On Site
65 Days
Bedrooms
N/A
Inside Area (SqFt)
2,760 sqft
Total Baths
N/A
Full Baths
N/A
Partial Baths
N/A
Lot Size
0.03 Acres
Year Built
1920
MLS® Number
MDBA2154322
Status
Active
Property Tax
$5,832
HOA/Condo/Coop Fees
N/A
Sq Ft Source
Assessor
Friends & Family
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