2511 Hammonds Ferry RdLansdowne, MD 21227

  • Other commercial real estate
  • 2,238 SF
For Sale
$595,000 View listing

Property Details for 2511 Hammonds Ferry Rd

Year built
1929
Lot size
0.16 AC
Property size (Sq ft)
2,238 SF
Zone code
BL
Property type
Other commercial real estate
APN
13-1305770080
APU
131305770080

Description

This exceptional investment opportunity presents a fully renovated bar and restaurant located at 2511 Hammonds Ferry Rd, Halethorpe, MD 21227. The property, situated on a 0.16-acre lot, boasts 2,238 square feet of space spread across two stories within a single building constructed in 1929 and extensively renovated in 2021. The main level comprises a fully equipped restaurant and bar, complete with a seven-day Class D liquor license permitting both on and off-premises sales. A dedicated private parking lot adds to the convenience. The second floor offers a residential apartment currently utilized for events and administrative purposes. This turnkey operation comes with existing management and staff in place, ensuring a smooth transition for the new owner. The asking price is $595,000. Financial details regarding the impressive return on investment are available upon request. This is a rare chance to acquire a thriving, established business in a desirable location. The property's recent renovation ensures modern amenities and efficiency, minimizing immediate capital expenditure needs. The combination of a strong income stream, established clientele, and prime location makes this a compelling investment prospect.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $552,351
    Hospitality
    $505,950
    Educational
    $420,945
    Medical
    $435,422
    Retail
    $654,803
2511 Hammonds Ferry Rd, Lansdowne, Maryland

Location Insight

City
Halethorpe
County
Baltimore
State
Maryland
Latitude
39.2463
Longitude
-76.6645
CBSA code
12580
CBSA name
BALTIMORE-TOWSON, MD METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$2,666
-
-
$284,033
-
$110,400
$214,100
$324,500

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