1600 W BALTIMORE STREET, Baltimore, MD 21223

Comments for 1600 W BALTIMORE STREET, Baltimore, MD 21223

Presenting a rare Baltimore investment property that combines a popular tavern and nine residential units under one roof. Investors and property buyers will appreciate the multiple income streams and unique flexibility of this mixed-use real estate gem. Currently operating as Richie’s Lounge, the first-floor tavern holds a 7-day beer, wine & liquor license (valid through April 30, 2026) and is approved for live entertainment and dancing – offering immediate revenue from nightlife operations. Above the bar, nine (9) apartment units provide steady rental income, making this a truly income-producing property in Baltimore with exceptional value-add potential. The tavern space is full of character and functionality, featuring original details like three fireplaces, a dedicated DJ booth, an upstairs kitchen with half-bath, and two multi-stall restrooms for patrons. All existing bar fixtures and equipment convey in the sale, creating a turnkey venue ready for operation from day one. The residential units upstairs consist of three finished studio apartments and four finished one-bedroom apartments that are rent-ready, plus two additional one-bedroom units primed for renovation (with city-approved construction plans included). This setup allows an investor to start earning rental income immediately while adding value by completing the remaining units. Whether you’re looking to expand your portfolio with a high-yield mixed-use asset or launch your own hospitality venture with on-site rental income, 1600 W Baltimore Street offers an unparalleled opportunity. It’s situated in Baltimore City along a prominent corridor, ensuring visibility and accessibility. Don’t miss the chance to acquire this unique bar-and-apartments property – a versatile, income-producing Baltimore investment with both immediate cash flow and long-term growth potential. Property is owner occupied, and will be delivered vacant at time of settlement. Property Highlights: Unique Mixed-Use Configuration: Three-story brick building ( 7,071 sq ft) combining a commercial tavern/lounge on the ground floor with nine residential apartment units above. Turnkey Tavern (Richie’s Lounge): First-floor bar comes fully equipped and furnished, featuring 3 fireplaces, a DJ booth, an upstairs kitchen with half bath, and two multi-stall restrooms. All bar equipment and fixtures convey with sale. Active Liquor License & Entertainment: Includes a valuable 7-day Beer, Wine & Liquor license (valid through 4/30/2026) with approvals for live entertainment and dancing, offering immediate operational capability and nightlife revenue. Nine Apartment Units: Upper levels contain 3 finished studio apartments and 4 finished one-bedroom apartments, all ready to lease for instant rental income. Two additional one-bedroom units are framed and ready for renovation, allowing further income growth (permits and drawings already approved). Value-Add Upside: Cit