Remarks

Here is a rare opportunity to acquire a historic landmark property ready for a new lease on life. It was originally three large corner Federal Period townhouses known as 663, 665 W, Pratt St. and 203 Penn St. Located in the National Historic District of Ridgely's Delight, it qualifies for Historic Tax Credits for restoration redevelopment. Only a little over a third of the building is currently in use. This part of the building is an attractive well maintained restaurant, operated by the same family for about 50 years. The property will be delivered vacant. The equipment will convey. Most of the potential conversion space is gutted, secured and ready for restoration. Photos and floor plans are attached. There are two public parking garages conveniently located across the street, The University of Mayland and Hospital is our neighbor on Pratt Street. It is also located in the Stadium District, as Camden Yards Stadium and the Ravens Stadium are just a few blocks away. It's a most walkable location, convenient to anything. Its C-1 zoning allows many uses to include mix use, retail, office, services, medical clinics and more. While its historic status requires the building to be retained and preserved, this zoning district would permit building above it, up to 100 ft tall with a special exception. This was recently done nearby on the corner of Pratt and Fremont. There is also an opportunity to continue a use as a restaurant while expanding it into the unused space and or to add some additional uses in the unused spaces. It would also be a great place to live where you work. While its location is great, its future is even greater. It is possible that within a few years a customer could have breakfast in this restaurant before taking a 15 minute commuter ride to his DC office on the proposed Red Line. For now DC commuters walk to the nearby Camden Station for a convenient commute to BWI Airport and D.C. The possibilities are endless!

Details

MLS#: MDBA2168702
Price: $1,200,000

Year Built: 1920

County: BALTIMORE CITY
Subdivision: Ridgely's Delight
Tax Fee: 8603.0