MD > Baltimore > Union Square
Baltimore, MD 21223,1242 W LOMBARD ST
Baltimore, MD 21223,1242 W LOMBARD ST
Baltimore, MD 21223,1242 W LOMBARD ST
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William Kauffman

William Kauffman

Cummings and Company Realtors

+1(443) 722-4577
$599,900
Est. payment /mo
4,440 SqFt
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UPDATED:

01/20/2025 03:24 PM

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

Read Less Info
Bright MLS (BMLS)
Listed by Pilar F Ciaramello • Carr Realtors

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