Listing Summary
Value Add Opportunity for an owner-user or investor. The 1-story structure with mezzanine was built in 1920 and the interior is built-out as a restaurant. A liquor license may be available
Full Description
Value Add Opportunity for an owner-user or investor. The 1-story structure with mezzanine was built in 1920 and the interior is built-out as a restaurant. A liquor license may be available. The property has been completely renovated, featuring a new interior, new HVAC unit, and a good roof. This is a chance to purchase your own building at an affordable price and complete the interior design based on your business needs.
Located in the Perkins Somerset Oldtown Transformation District, a $1.1 billion redevelopment plan to convert over 244 urban acres into a modern community with 1,360 units of mixed-income housing, retail, large parks, public amenities, and new school. The U.S. Department of Housing and Urban Development's $30 million Choice Neighborhoods Initiative (CNI) grant was awarded in 2018. The massive redo is also supported by a $105 million tax increment financing package, approved in 2020. The massive project is being spearheaded by several developers and public agencies including Henson Development Co., Beatty Development, Cross Street Partners, McCormack Baron Salazar and the Housing Authority of Baltimore City.
Quick Glance
- Listing ID:
CL-Maryland-11282
- Status:
Active
- Year Build:
1920
- Building Size:
2,537 SqFt
- Lot Size:
N/A
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