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$599,000
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Property Description
Here is an incredible opportunity to own a "bullseye" historic building, land and iconic outdoor fireplace that once housed the popular Sipside Lounge on 2nd Street in downtown Oakland! The possibilities of the property are endless, offering two great commercial spaces which are currently connected inside via a glass doorway. The other side currently houses an operating business - Flipside Sounds (vinyl record store since 2018). Flipside is amenable to tenant: landlord lease arrangement or vacating the premises depending on the wishes of the new owner. The former Sipside space is currently furnished with indoor and outdoor furniture such as tables, chairs, barstools, and lounge couches. Bar/restaurant hardware such as two refrigerators, icemaker, stainless steel sinks, requisite glassware and other barkeep items are also available in good working order. The property is just oozing with history; the foundation was built in 1877 and the building itself is circa 1909. The property was gutted and remodeled in 2018/ '19 to create an "upscale- hipster" interior. Unique details were incorporated into the rehab project, including two antique stained-glass windows, stage lighting, acoustic ceiling tile, two point-out storefront displays, custom wormy oak hand-built bar, climate-controlled wine storage loft, an indoor-outdoor performing arts sound system and a Bowers & Wilson Zeppelin sound system. Additionally, new flooring, bathrooms, ADA ramps, paint, electric, panel/breaker box, piping and four air conditioning units were also added. The upper level of the building offers 1900 square feet of potential (currently being used as storage) that could be converted to office space or a great studio apartment. If all this isn't enough, take a walk outside to the newly finished outdoor area; it will take your breath away! With approximately 2,600 square feet of covered and uncovered seating options, the hardest choice you need to make is where to sit. Perhaps you will prefer the handmade metal tables & chairs from India, or the cushioned lounge seating arrangement by the train tracks. And one of the neatest features and biggest draws to Sipside's open-air space is the massive stone woodburning fireplace from 1938 featuring the Oakland B&O Railroad as the backdrop. So many options here! Seating capacity is 42 inside and over 100 outside.
Full Property Details
Full Property Details for 119 & 121 S 2nd St
General
- Price: $599,000
- Taxes: $2,729 (2023)
- Status: Under Contract
- Type: Warehouse
- Source: BrightMLSMidAtlantic
- MLS ID: MDGA2003588
- Updated: 5/12/2025
- Added to Site: 1, 047 day(s) ago
Business
- Business Type: Restaurant/Bar, Storage
Interior
- Flooring: Laminate Plank
Rooms
Bathrooms
- Restrooms: 3
Additional Information
- Security/Safety: Security System
Parking
- Parking Type: On Street, Parking Lot
Location
- Municipality: Oakland
- County: Garrett
- Development Name: Oakland
- Subdivision: Oakland
- Driving Directions: Garrett Highway South to right on East Green street, left on South Second street, business is on the right.
- Location Details: Downtown
- Historic District: Yes
- City Limits: Yes
Heating & Cooling
- Cooling Type: Multi Units
- Cooling Fuel: Electric
- Heating Type: Hot Water
- Heating Fuel: Natural Gas
- Water Heater: Natural Gas
Utilities
- Sewer: Public Sewer
- Water: Public
- Utility Description: Natural Gas Available
Structural Information
- Construction: Brick
- Foundation: Block
- Roof: Shingle
- Stories/Levels: 0
- Year Built: 1914
- Year Built Source: Assessor
- Property Condition: Excellent
Unit Information
- # Tenants: Multiple
Lot Features
- Property View: Street
- Lot Size (Acres): 0.12
- Lot Size (Sq. Ft.): 5,128
- Lot Size Source: Assessor
- Lot Features: Cleared
- Zoning: C
- Lot Description: Cleared
Financial Considerations
- Price Per Sq. Ft.: $149.75
- Assessment Year: 2023
- City/TownTax: $785
- City/TownTax Freq: Annually
- County Tax: $1,944
- County Tax Freq: Annually
- Tax w/Assessment: $166,400
- Tax Amount: $2,729
- Tax Year: 2023
- Owner Pays: Cable TV, Electricity, Gas, Insurance, Payroll, Repairs, Supplies, Water
- Landlord Pays: Cable TV, Electricity, Gas, Insurance, Payroll, Repairs, Supplies, Water
Disclosures and Reports
- Ownership: Fee Simple
- Permits: Cost To Obtain
- Inclusions: Bowers Wilson Sound System (Zeppelin)
- Investment: Yes
Listed by Taylor Made Deep Creek Vacations & Sales, Elizabeth S Spiker Holcomb
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Schools
Schools serving 119 & 121 S 2nd St
School District:Garrett County Public Schools
Rating | Name | Grades | Distance |
---|---|---|---|
607 Harvey Winters Dr, Oakland, MD 21550 | PK-5 | 1.7 mi | |
605 Harvey Winters Dr, Oakland, MD 21550 | 6-8 | 1.6 mi | |
345 Oakland Dr, Oakland, MD 21550 | 9-12 | 1 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 119 & 121 S 2nd St
Date
Details
Price
Change
Source
7/10/2023
Price Reduced
$599,000
-9.1%
MLS
8/10/2022
Listed
$659,000
—
MLS
Disclaimer: Historical sales 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 119 & 121 S 2nd St
119 & 121 S 2nd Street, Oakland, MD 21550 (MLS# MDGA2003588) is a Warehouse property. 119 & 121 S 2nd Street is currently listed for $599,000 and was received on August 10, 2022. Want to learn more about 119 & 121 S 2nd Street? Do you have questions about finding other Warehouse real estate for sale in Oakland? You can browse all Oakland real estate or contact a Coldwell Banker agent to request more information.