Description
PRICE REDUCTION! Brexton Commercial is pleased to exclusively represent the ownership in the sale of 529 S Bond St, located in between Harbor East and Fells Point in Baltimore, MD. This rare investment brings to the market a mixed-use offering. The ground floor is leased to a restaurant and cocktail room with newly built-out space on a long-term lease. The second and third floors are comprised of two recently renovated luxury 2-bedroom apartments with high-end finishes.
The property is fully stabilized which allows for easy and immediate cash flow for a new owner. The surrounding neighborhood of Harbor East continues to grow and develop which should have a positive impact for the future value of this property. The experiential nature of the retailer combined with the residential second-and-third floors makes this investment resistant to the forces of e-commerce.
Additionally, there is upside in converting the two upstairs apartments to Airbnb's which could significantly increase the investments NOI. Harbor East and Fells Point are both popular tourist destinations which makes 529 S. Bond St.'s residential portion a prime candidate for Airbnb.
The full offering memorandum with additional details and financial information is available to view under the documents tab.
Location
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Courtesy of: Brexton Commerical, LLC Listing information provided courtesy of the Bright MLS. IDX information is provided exclusively for consumers' personal, non-commercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable, but is not guaranteed accurate by the MLS. Updated: 4th July, 2022 2:55 AM (UTC)
