New Construction
Listed By:
Carr Realtors
Address
1242 W Lombard Street, Baltimore, MD
Price
$ 675,000
Property Attributes
  • MLS#MDBA2090352
  • TypeCommercial
  • CountyBALTIMORE CITY
  • CityBaltimore
  • NeighborhoodUnion Square
  • Zip21223
  • StyleApartment Building,Restaurant/Bar
  • Year Built1920
  • Taxes$ 3068
  • Price$ 675,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage3800
  • Lot Size1,307 SqFt
Data Source:
Bright MLS
Property Description

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.

Price History
6/24/2023 Listed $675,000

General Features

Sewer Public Sewer
Heating Forced Air,Heat Pump(s)
Cooling Central A/C,Heat Pump(s)
Possession Settlement
Zoning R-8
Construction Materials Brick
Year Built 1920
Electric 120/240V,Single Phase
Property SubType Mixed Use
Tax Year 2023
Percent Ownership Fee Simple
Cool Fuel Electric
Section 07
Gross Income 0.00
Business Type Apartment Building,Restaurant/Bar
Accessibility Other
County BALTIMORE CITY
Operating Expense 0.00
New Construction Yes
Property Type Commercial Sale
Subdivision Name UNION SQUARE
Water Access Y/N No
Status ACTIVE
Directions MLK to West on Lombard to 1242 on corner of Lombard and S. Carey
ModificationTimestamp 2023-12-11T03:07:53
City BALTIMORE
Buyer Agent Compensation 2.5
Disclosures Owner RE Licensee,Prop Disclaimer,Agent has Financial Interest,Agent Related to Owner,Historic Property
Total Units 4
Lot Size Square Feet 1500.00
Tax Assessed Value 130000.0
Waterfront Y/N No
Street Name LOMBARD
Tax Annual Amount 3068.0
Property Condition Very Good
Price Per Sq Ft 146.74
Acceptable Financing Cash,Conventional,Other
Construction Completed Y/N No
Vacation Rental Y/N No
Days on Market 312
Standard Status Active
Year Built Source Assessor
Legal Subdivision Ward 18
Tax Lot 026
Buyer Agent Compensation Type % Of Gross

Interior Features

Heating Fuel Electric,Natural Gas
Hot Water Electric
Total Stories 3
Heating Y/N Yes
Street Suffix STREET
Central Air Y/N Yes

Exterior Features

Water Source Public
Type of Parking On Street
Land Use Code R
Water View Y/N No
Building Area Total 4600.00
Lot Size Acres 0.03
Lot Size Units Square Feet
Lot Size Source Estimated
Land Assessed Value 30000.00
Navigable Water Y/N No
Water Oriented Y/N No
Fencing Y/N No

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Commercial Average in 21223

Price
AVG $360K
$680K
Taxes
AVG $2,066
$3,068
Visits
AVG 98
350
Data Provided by Inside Real Estate®
Year Built
AVG 1918
1920
Walkscore
AVG 78
89
Data Provided by Walkscore® not using MLS data

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Dolores Chavez

Dolores Chavez

REALTOR®SALESPERSON

443-998-9213

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