Remarks

MOTIVATED SELLER. PRICE REDUCED!!This is a GREAT Opportunity for an Investor!! Welcome to this diamond in the rough. Don't let this one slip away. Endless opportunities with this property. The building is located on the corner of Dundalk and Holabird with thousands of cars passing daily and also heavy foot traffic from the area. The property is over 4300 square feet on one level with a restaurant in the front and there are multiple rooms in the rear of the property with 2 full bathrooms and 1 half bathroom. This is a great mixed use property. There are two separate electric meters on the property. The previous tenant was paying $3,600 a month rent. The new owner coming into this property would have a low overhead cost with all the restaurant equipment conveying. This would be a low overhead for a start up restaurant business as all the existing restaurant equipment conveys to the purchaser. The existing equipment included, full ventilation system, very large pizza oven, fryers, walk in refrigerator, and a walk in freezer.

SPECIAL NOTE: The property is located within an Opportunity Zone, providing an array of incentives for property and business owners. The property is also located within a Baltimore City Enterprise Zone, providing additional tax and employment incentives. Features include all brick and masonry construction, restaurant equipment that convey, new hot water heater (2018), Roof work completed in 2022, and there is a large sign structure on the roof at the front of the building that could be used for additional advertising income. This is an As Is sale. Don't let this Diamond in the Rough get away. Make it yours today before it's gone!

Details

MLS#: MDBA2144354
Price: $324,999

Year Built: 1929

County: BALTIMORE CITY
Tax Fee: 5275.0