MD
BALTIMORE CITY
BALTIMORE
21223
1600 W BALTIMORE STREET
1600 W BALTIMORE STREET, BALTIMORE, MD 21223
Share Listing
Listing Type
Commercial/Industrial
Listing Status
active
45
$500,000

Home Details for 1600 W BALTIMORE STREET

Price
$500,000
Type
Commercial Sale
Bedrooms
0
Bathrooms
Square feet
NaN
Year built
1920
Lot size acres
0.04
County
BALTIMORE CITY
Garage
Days on site
27
MLS Listing#
MDBA2180788
Property Description

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: City-approved plans are in place for completing the unfinished units, streamlining the process to increase property value and cash flow. Ideal for investors seeking both stable income and future appreciation. Strong Income Potential: Multiple revenue streams from tavern sales and apartment rentals make this a high-potential, income-producing property – perfect for diversifying an investment portfolio or for an owner-operator looking to offset business expenses with rental income. Prime Baltimore Location: Situated at 1600 W Baltimore Street in Baltimore City, the property enjoys a high-visibility corner location in a historic urban corridor. It’s convenient to downtown amenities, public transit, and major thoroughfares, attracting both local patrons and tenants alike.

Property Features
  • Cooling Information
    • Central Air
    • Heat Pump
    • Electric
  • Heating Information
    • Electric
    • Forced Air
    • Heat Pump
  • Water Features
    • Public
  • Utilities
    • Electricity Available
  • Parking
    • On Street
Listing Courtesy: Ashland Auction Group LLC - 410-488-3124
The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which EXIT Realty participates, and is provided by BRIGHT through a licensing agreement. The information provided by this website is for the personal, non-commercial use of consumers 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 on this website may no longer be available because they are under contract, have closed or are no longer being offered for sale. Information Deemed Reliable But Not Guaranteed. Copyright ©2025 Bright MLS. All rights reserved.
Last Updated: 2025-09-05 16:47:04
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1826 Woodlawn Drive Ste. 1, Woodlawn, MD 21207
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