About This Restaurant
Investment Highlights
This fully renovated building accommodates up to 190 guests and underwent a complete gut remodel 15 years ago Previously home to the thriving ?Lauraville Barbecue House? for 11 years, generating $40,000 monthly on a 4pm to 2am schedule Directly across street from ?The Flats At Markley,? a coming soon vibrant 146-unit Morgan State Apartment Development.
Executive Summary
In the heart of Hamilton-Lauraville, a remarkable property awaits?an exceptional restaurant business opportunity directly across from ?The Flats At Markley,? a coming soon vibrant 146-unit Morgan State Apartment Development. This fully renovated building, revamped in 2009, accommodates up to 190 guests and underwent a complete remodel 15 years ago, including framing, insulation, wall work, electrical, plumbing, HVAC, and new flooring (commercial vinyl floor in restaurant and ceramic in kitchen and baths). Boasting two bars, four bathrooms, a resurfaced roof, and a double-deck outdoor patio, this property sets the stage for success. Previously home to the thriving ?Lauraville Barbecue House? for 11 years, generating $40,000 monthly on a 4pm to 2am schedule, the restaurant hosted weddings, birthdays, and private events. Featuring a unique BBQ-style menu with ribs, brisket, pulled pork, and more, it stood unrivaled in the area. The fully equipped kitchen, appliances, and furnishings are available for purchase. The restaurant spans two floors: the main floor, with a capacity of 100, boasts high ceilings, exposed rafters, a full bar, multiple seating areas, enclosed outdoor patio, and ample basement storage. Upstairs, with a capacity of 90, offers a second bar, spacious seating, indoor-outdoor patio, and additional kitchen spaces. Outside, find nine parking spaces, storage sheds, and a private entertaining area. This turn-key gem seeks a new owner-operator. Financing options, including SBA loans, are available, supported by an experienced SBA loan consultant ready to guide you through the process. Hamilton-Lauraville's thriving community, coupled with its growth, accessibility, and unique identity, offers an exceptional setting for a restaurant business poised to thrive amidst a supportive and collaborative local environment. Don?t miss out! Contact us today to learn more and schedule a tour!
Property Details
- Sale Type Investment or Owner User
- Property Type Retail
- Property Subtype Restaurant Restaurant General Retail Restaurant Restaurant
- Building Size 4,303
- Building Class C
- Year Built 1920
- Price 695,000
- Price Per SF 162
- Percent Leased Vacant
- Tenancy Multiple
- Building Height 2 Stories
- Slab To Slab 10?
- Building FAR 0.60
- Land Acres 0.17 AC
Amenities
- Bus Line
- Accent Lighting
- Storage Space
- Air Conditioning
Property Taxes
Parcel Number | 27-07-5343-004A | Improvements Assessment | $43,300 |
Land Assessment | $164,000 | Total Assessment | $207,300 |
Date Created: | 2024-07-16 04:16:17 | Last Updated: | 2024-07-16 04:16:17 |
Address: | 4528 Harford Rd , Baltimore, Maryland, 21214 |