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2578 Hollins Street, Baltimore, MD 21223
$1,200,000
2578 Hollins Street, Baltimore, MD 21223View this property at 2578 Hollins Street, Baltimore, MD 21223
2578 Hollins StreetBaltimoreMD21223
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Property Description
Nestled in the heart of Baltimore City, MD, this remarkable 3-story building at 2578 Holland St presents a lucrative business opportunity paired with a real property sale, all for $1.2 million. This property stands as a beacon for potential investors looking for a venture in the hospitality industry. Currently set up with 2 bars, and 2 VIP lounge areas with an owners suite. Property Highlights: Type: Investment opportunity in the hospitality sector, including a 2 bars, tavern, private DJ area and packaged goods sales. Location: Strategically located in Baltimore, MD, offering high visibility and accessibility. Building Size: A generous 4,384 sq. ft. spread over three floors, providing ample space for business operations and customer accommodation. Land Area: Sitting on 0.283 acres, this property offers extensive outdoor possibilities for events, expansions, or other business ideas. Sale Inclusions: This sale comes with all existing tavern, retail and commercial kitchen fixtures, making it a turnkey solution for the aspiring or seasoned entrepreneur. Business Potential: A perfect blend of real estate and business sale, this property is ideal for those looking to enter the hospitality industry or expand their portfolio. This unique offering not only encompasses a vast land area and building space but also comes fully equipped with all the necessary fixtures for a seamless business operation. From retail to a fully operational commercial kitchen, the new owner will have everything at their disposal to hit the ground running. Whether you're looking to continue the legacy of a beloved local tavern or have a vision for a new culinary adventure, this property offers the flexibility to bring your entrepreneurial dreams to life. Investment and Business Opportunity: Ready Business: Jumpstart your business with a fully equipped bar and tavern, including a license for packaged goods sales. Versatile Space: The 3-story layout offers versatile spaces for dining, entertainment, and private events, ensuring multiple revenue streams. Community Focal Point: With its established presence, this venue has the potential to remain a community staple or be transformed to match a new vision. Strategic Location: Located in the vibrant city of Baltimore, this property benefits from a strategic position that enjoys steady footfall and the patronage of both locals and tourists alike. The expansive land provides ample parking, outdoor dining or event space, and the possibility for future development. A Turnkey Solution for Ambitious Entrepreneurs: This property represents not just a real estate investment but a vibrant business opportunity in the heart of Baltimore. It offers the new owner a rare chance to take over a well-established venue with significant growth potential. Don't miss out on this exceptional opportunity to own a piece of Baltimore's hospitality scene, complete with a rich history and endless possibilities for the future. Contact us today to schedule a viewing and discover how 2578 Holland St can become the cornerstone of your investment portfolio. Co-Listed with KW Commercial Sierra Conney
Full Property Details
Full Property Details for 2578 Hollins St
General
- Price: $1,200,000
- Taxes: $3,540 (2024)
- Status: Active
- Type: Retail
- MLS ID: MDBA2119832
- Updated: 5/11/2024
- Added to Site: 49 day(s) ago
Business
- Business Type: Restaurant/Bar, Other/General Retail
Rooms
Bathrooms
- Restrooms: 4
Additional Information
- Security/Safety: 24 hour security, Exterior Cameras, Main Entrance Lock
Parking
- Total Spaces: 20
- Parking Features: Handicap Parking, Lighted Parking, Paved Parking, Private
- Parking Type: Parking Lot
Location
- Municipality: Baltimore City
- County: Baltimore City
- Driving Directions: FRANKLINTOWN ROAD TO HARLEM FOLLOW TO LOCATION
- City Limits: Yes
Heating & Cooling
- Central air: Yes
- Cooling Type: Central A/C
- Cooling Fuel: Electric
- Heating Type: Forced Air
- Heating Fuel: Natural Gas
- Water Heater: Natural Gas
Utilities
- Sewer: Public Sewer
- Water: Public
Structural Information
- Construction: Brick
- Ceiling Height: 12' to 15'
- Doors: Insulated
- Stories/Levels: 0
- Year Built: 1920
- Year Built Source: Assessor
Unit Information
- # Tenants: Multiple
Lot Features
- Lot Size (Acres): 0.24
- Lot Size (Sq. Ft.): 10,367
- Lot Size Source: Assessor
- Zoning: R-8
Financial Considerations
- Price Per Sq. Ft.: $185.19
- Assessment Year: 2024
- City/TownTax: $3,372
- City/TownTax Freq: Annually
- County Tax: $168
- County Tax Freq: Annually
- Tax w/Assessment: $164,800
- Tax Amount: $3,540
- Tax Year: 2024
- Owner Pays: Advertising/Licenses and Permits, Common Area Maintenance, Cable TV, All Utilities
- Landlord Pays: Advertising/Licenses and Permits, Common Area Maintenance, Cable TV, All Utilities
Disclosures and Reports
- Buyer’s Brokerage Compensation: 2%
- Ownership: Fee Simple
- Permits: On Hand
- Inclusions: 7 DAY LIQUOR LICENSE (TRANSFERABLE) AND ALL TRADE FIXTURES ( TV'S, BAR STOOLS, CLOVER SYSTEM, SECURITY CAMERA SYSTEM, KITCHEN APPLIANCES( WALK-IN FREEZER))
- Investment: Yes
- Lot Number: 45
Listed by Keller Williams Legacy, William M Savage and Keller Williams Legacy, Chauron Cottie
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Schools
Schools serving 2578 Hollins St
School District:Baltimore City Public Schools
Rating | Name | Grades | Distance |
---|---|---|---|
2501 Frederick Ave, Baltimore, MD 21223 | PK-5 | 0.3 mi | |
1300 Gorsuch Ave, Baltimore, MD 21218 | PK-5 | 3.8 mi | |
100 N Calhoun St, Baltimore, MD 21223 | 9-12 | 1 mi | |
1500 Harlem Ave, Baltimore, MD 21217 | 9-12 | 1.1 mi | |
501 N Athol Ave, Baltimore, MD 21229 | 9-12 | 1.6 mi | |
2301 Gwynns Falls Pkwy, Baltimore, MD 21217 | 9-12 | 1.9 mi | |
1301 McCulloh St, Baltimore, MD 21217 | 9-12 | 2 mi | |
1100 Covington St, Baltimore, MD 21230 | 9-12 | 2.8 mi | |
1400 Orleans St, Baltimore, MD 21231 | 9-12 | 3.3 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 2578 Hollins St
Date
Details
Price
Change
Source
4/01/2024
Listed
$1,200,000
627.27%
MLS
7/26/2004
Sold
$165,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 2578 Hollins St
Year
Property Taxes
Change
Tax Assessment
Change
2023
$3,540
—
$150,000
—
2022
$3,540
—
$150,000
—
2021
$3,540
-5%
$150,000
-5%
2021
$3,741
1%
$158,500
1%
2020
$3,693
—
$157,233
1%
2019
$3,681
1%
$155,967
1%
2018
$3,651
5%
$154,700
5%
2017
$3,479
6%
$147,400
5%
2016
$3,291
5%
$140,100
5%
2015
$3,134
-1%
$132,800
—
2013
$3,161
—
$132,800
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 2578 Hollins St
2578 Hollins Street, Baltimore, MD 21223 (MLS# MDBA2119832) is a Retail property. 2578 Hollins Street is currently listed for $1,200,000 and was received on April 01, 2024. Want to learn more about 2578 Hollins Street? Do you have questions about finding other Retail real estate for sale in Baltimore? You can browse all Baltimore real estate or contact a Coldwell Banker agent to request more information.