200 S Haven St Baltimore MD 21224
$550,000
List Price
4,152
Building SF
4,356
Land SF
132,696
Traffic Counts
Income, Taxes, Insurance
  • Income: 200 S Haven St has an in-place Modified NNN lease that expires September 30th 2022 (the current owner only pays taxes & insurance). The current tenant has decided to retire early and is willing to terminate their lease prior to the lease end date on September 30, 2022 but must be given a 60-day notice. Avg Submarket Rent $17.54/SF Taxes:  July 1, 2021 through June 30, 2022 = $5,724.19 (State $266.34 and City $5,345.74). Insurance: Insurance premiums are roughly $6,000/annually.
Current Use and FF&E
  • 200 S Haven St is currently being used as a Restaurant & Bar (Class B Liquor license conveys with the sale). The property boosts 4,152 SF of commercial space on one-level. FF&E will transfer with the property to the new owner.
Class B Liquor License Conveys with Sale
  • There's a class B liquor license in place that will convey with the sale of the property. The liquor license renewal period is annual from April to April. The Class BD7 liquor license is good for seven days per week, from 7am-2am. You can sell packaged goods but food must also be sold.
Current Zoning (I-1)
  • The property has a unique current zoning, I-1, for light industrial zoning including light manufacturing, fabricating, processing, wholesale distributing, and warehousing uses. The new owner could maintain the current use or repurpose into an industrial commercial building.
Highly Desirable Area
  • 200 S Haven St is positioned in the path of growth within the Southeast Baltimore market. Located in the beautiful Highlandtown submarket, 200 S Haven St offers a new buyer a prime location for a variety of business options. Highlandtown, once a blue-collar neighborhood, has been reinventing itself over the past 5+ years through new commercial and retail investment. Highlandtown is known for its industrial, warehouse and manufacturing buildings and is surrounded by historical landmarks that have cultivated an inviting community that welcomes creative investment.
Economic Drivers
  • 200 S Haven St is directly in the path of growth with economic drivers such as: Yard 56: 20 Acre, Mixed-Use Development | Phase I includes a shopping center & restaurants & Phase 2 will include office, residential and hotel use. | Location: 5601 Eastern Ave | Developed in 2020 by MCB Real Estate Brewer’s Crossing: 36 Luxury Townhomes (Starting at $550k| Location: 925 Grundy St/Brewers Hill | Developed in 2020-2021 by Evergreen Homes Bank Street Lofts: Mixed-use 149-unit loft-style apartment project | Started in January 2021 Location: Replaced Epstein’s Dept store & Warehouse – 2825 Bank St Developer: CLD Partners & Workshop Development Highland Haus Apartments: 65-unit apartment complex with 1st floor designated retail space | Completed in 2017 Location: Replaced Haussner’s Greek Restaurant – 3232 Easter Ave Developer: Garver Development Group
FOR MORE DETAILS CONTACT
Whitney Ward
Principal
(678) 439-1423
whitney@intuitivemp.com
Lic: MD 5003491 | GA 372968