1716 Thames Street

Description

Three-story commercial building (retail/apartment) in Fells Point directly across the street from the Baltimore waterfront! The property is a former food service franchise with approximately 2,355 sq ft of gross leasable area on the pedestrian-friendly cobblestone Thames Street, facing the luxurious Sagamore Pendry Baltimore hotel. This area offers an exceptional variety of retail, dining, lodging, and entertainment venues including Thames Street Oyster House, Kooper+GGs Tavern, Riptide, Daily Grind coffee, Slainte Irish Pub, Waterfront Hotel, The Admiral+GGs Cup, Penny Black Bar, Admiral Fell Inn Baltimore Harbor, and more! There are two parks just one block away; Broadway Square with the Fells Point Farmers Market to the west, and Thames Street Park to the east. Visitors who pass the property include local residents, nearby office workers, and tourists who come to visit the Baltimore waterfront. Boating enthusiasts will enjoy walking along the waterfront to Broadway Pier, Belts Wharf Landing Yacht Club, and Henderson+GGs Wharf Marina. The property is zoned C-1-E: Neighborhood Business & Entertainment District. Permitted uses within this designation include a wide variety of retail and office uses, schools, mixed-use, apartment (secondary use), hotels, restaurants/bars (including outdoor table service), parking, and automotive sales/rentals. The lot size is 2,265 square feet (0.052 ac.) of land and the building was originally constructed in 1920, with renovations in 2017. According to a third party report, the building contains approximately 2,355 square feet of gross building area and 2,355 square feet of gross leasable area. The 980 sq ft ground level retail space offers a welcoming, open, glass-window front-end retail space, with dishwashing and refrigeration areas, storage, and a bathroom further back. The 1,375 sq ft apartment above is accessible only from a separate entrance via an outdoor rear staircase. The one-and-a-half level apartment is currently configured with one bedroom, a kitchen, office, den, and full bathroom. It will require renovations and could be converted into office space or a two-bedroom apartment. The building is connected on one side to an adjacent similar commercial building (Riptide), with an alley on the other side, and a fenced rear yard behind. The property is being sold +G+As Is, Where Is+G- and is offered below the current 2022 tax assessed value of $829,200.