Property

Baltimore, MD 21223 1242 W Lombard Street

$599,900

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Presented By: Carr Realtors
  • MLS# MDBA2153402
  • 01/20/2025
  • Request Tour
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  • SQFT • 3,800

Home Details

This building is a 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 acquire new tenant for restaurant space. Restaurant could be rented for $3000 per month. Second floor with 2BD/1BA unit could be rented rented for $1200 per month. Second floor also has office/efficiency with full bathroom rented for $600 per month. Third floor with 2BD/2BA unit rented for $1030 per month. All units individually metered for electric. Tenants pay for their own utilities except water. Both apartments 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. Building sold As-Is. Showings on Sundays only.
Presented By: Carr Realtors

Interior Features for 1242 W Lombard Street

Other Interior Features

Central Air Y/NNo
Heating FuelElectric, Natural Gas
Heating Y/NYes
Hot WaterElectric
Total Stories3

General for 1242 W Lombard Street

Acceptable FinancingCash, Conventional, Other
AccessibilityOther
Business TypeApartment Building, Restaurant/Bar
CityBALTIMORE
Construction MaterialsBrick
Cool FuelElectric
CoolingHeat Pump(s)
CountyBALTIMORE CITY
DirectionsMLK to West on Lombard to 1242 on corner of Lombard and S. Carey
DisclosuresOwner RE Licensee, Prop Disclaimer, Agent has Financial Interest, Agent Related to Owner, Historic Property
Electric120/240V, Single Phase
Gross Income0.00
HeatingForced Air, Heat Pump(s)
Legal SubdivisionWard 18
Lot Size Square Feet1500.00
Lot Size UnitsSquare Feet
ModificationTimestamp2025-02-05T10:18:42
MunicipalityBaltimore City
New ConstructionNo
Number Of Units Total1
Operating Expense0.00
OwnershipFee Simple
PossessionSettlement
Price Per Sq Ft Total AG135.11
Property ConditionVery Good
Property SubtypeMixed Use
Property TypeCommercial Sale
Section07
SewerPublic Sewer
Standard StatusActive
StatusACTIVE
Subdivision NameUNION SQUARE
Tax Annual Amount3343.0
Tax Assessed Value141667.0
Tax Lot026
Tax Year2024
Vacation Rental Y/NNo
Water Access Y/NNo
Waterfront Y/NNo
Year Built1920
Year Built SourceAssessor
ZoningR-8

Exterior for 1242 W Lombard Street

Building Area Total4440.00
Car Parking Spaces
Fencing Y/NN
Land Assessed Value30000.00
Land Use CodeR
Lot Size Acres0.03
Lot Size SourceEstimated
Navigable Water Y/NNo
Total Loading Docks0
Total Parking Spaces0
Type of ParkingOn Street
Water Oriented Y/NNo
Water SourcePublic
Water View Y/NNo

Additional Details

Price History

Rachel Shepherd

Price $599,900
MLS#MDBA2153402
List Date 01/20/2025
Property Type Commercial
Phone 703.929.4729
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