1242 W LOMBARD ST new to site Save Request In-Person Tour Request Virtual Tour
Baltimore,MD 21223
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 4,440 sqft
Price per Sqft $135
Subdivision Union Square
MLS Listing ID MDBA2153402
HOA Y/N N
Originating Board BRIGHT
Year Built 1920
Annual Tax Amount $3,343
Tax Year 2024
Lot Size 1,500 Sqft
Acres 0.03
Property Description
Up to $20,000 grant available to purchase this excellent income property. Great buy with excellent return for your money. Building renovated in 2010. This property would be excellent for owner occupant. You can get an SBA loan with 10% down as owner occupant. First floor restaurant and carry out, seating for 32 people, full commercial kitchen, two half bathrooms, and basement for storage. Everything in the restaurant conveys AS-IS, and new owner will need to have their own Corporation/LLC. New owner will need to apply for new licenses in the name of their new business. Rented to owner for $3000 per month. Second floor with 2BD/1BA unit rented for $1080 per month. Second floor also has office/efficiency with full bathroom rented for $500 per month. Third floor with 2BD/2BA unit rented for $1030 per month. All units individually metered. Tenants pay for their own utilities except water. Both apartment have hard wood floors, range/oven, built in microwave, dishwasher, refrigerator with ice maker. Corner building with great exposure, and plenty of parking. Bus stop in front of building. Owners are Agents in state of Maryland.
Location
State MD
County Baltimore City
Zoning R-8
Interior
Hot Water Electric
Heating Forced Air,Heat Pump(s)
Cooling Heat Pump(s)
Heat Source Electric,Natural Gas
Exterior
Water Access N
Accessibility Other
Garage N
Building
Sewer Public Sewer
Water Public
New Construction Y
Schools
School District Baltimore City Public Schools
Others
Tax ID 0318070233 026
Ownership Fee Simple
SqFt Source Estimated
Acceptable Financing Cash,Conventional,Other
Listing Terms Cash,Conventional,Other
Financing Cash,Conventional,Other
Special Listing Condition Standard