Skip To Content

529 S Bond Street

BALTIMORE, MD 21231
  • $1,601,584
  • STATUS: Active
  • ON SITE: 57 Days
  • ID#: MDBA2037958
UPDATED: 92 min ago
$1,601,584
  • 0
    BEDS
  • 0.03
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Commercial
Built:
2021
County:

School Ratings & Info

Description

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.

Monthly Payment Calculator



©2022 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or RE/MAX Executives. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2022-05-19T23:51:07.99.
www.bruceandtanya.com/homes/126979407
Print Image

529 S Bond Street BALTIMORE, MD 21231

  • Price: $1,601,584
  • Status: Active
  • On Site: 57 Days
  • Updated: 92 min ago
  • ID#: MDBA2037958
0
Beds
0
Baths
0
½ Baths
0.03
Acres
2021
Built
County:
Baltimore City
School District:
Baltimore City Public Schools
Property Description
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.
Exterior Features

Construction Materials Brick Garage YN No Parking Types None Riparian Rights YN No Water Access YN No Water Oriented YN No Water View YN No Waterfront YN No

Interior Features

Building Area Total 6619.00 Cooling Roof MountedCentral A/CMulti Units Heating Heat Pump(S) Heating YN Yes Net Square Feet 6619.00

Property Features

Accessibility Features Ramp - Main Level Annual Gross Expense 27133.00 Assessment Year 2022 Business Type Restaurant/BarApartment Building Central Air YN Yes Cooling Fuel Electric Heating Fuel Natural Gas Hot Water Natural Gas Lease Considered YN No Navigable Water YN N Net Operating Income 100099.00 New Construction YN No Number Of Units Total 2 Operating Expense 27133.00 Operating Expense Includes InsuranceRepair/MaintenanceWaterSewerOther Original MLSNumber 801418502210 Owner Pays Advertising/Licenses And PermitsRepairsTaxes - Real EstateTaxes - Personal PropertyMiscellaneousInsuranceCommon Area Maintenance Ownership Interest Fee Simple Possession Settlement Property Sub Type Mixed Use Sale Type Standard Sewer Public SepticPublic Sewer Tax Annual Amount 16822.00 Tax Assessment Amount 712800.00 Tax Lot 031 Vacation Rental YN No Water Source Public Year Built Effective 2020 Zoning C-1

Listing courtesy of Brexton Commerical, Llc.


©2022 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or RE/MAX Executives. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2022-05-19T23:51:07.99.
 
https://bt-photos.global.ssl.fastly.net/brightmls/1280_boomver_1_801418502210-2.jpg https://bt-photos.global.ssl.fastly.net/brightmls/1280_boomver_1_801418502210-2.jpg https://bt-photos.global.ssl.fastly.net/brightmls/1280_boomver_1_801418502210-2.jpg
Logo
RE/MAX Executives
8442 Old Keene Mill Road
Springfield VA, 22152