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Listed by Martha Liriano • Keller Williams Capital Properties
$900,000
Est. payment /mo
3,790 Sqft Lot
Active
500 S WOLFE ST S Baltimore, MD 21231
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Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
Subdivision Fells Point Historic District
MLS Listing ID MDBA2206376
Year Built 1920
Available Date 2026-04-04
Annual Tax Amount $8,310
Tax Year 2025
Lot Size 3,790 Sqft
Acres 0.09
Property Sub-Type Retail
Source BRIGHT
Property Description
Exceptional commercial investment opportunity at a high-visibility corner location just three blocks north of the iconic Fells Point waterfront. This versatile multi-storefront property — boasting three separate addresses — offers unmatched flexibility for the savvy investor or owner-operator looking to maximize income potential in one of Baltimore's most vibrant corridors. The main level is perfectly suited for a restaurant or bar operator to establish their flagship concept, while the upper level presents a fully operational bar and lounge currently featuring pool/billiard tables and a lively entertainment atmosphere. Adding to the passive income stream, third-party vendors operating pool tables, gaming slots, and ATMs generate ongoing revenue, with the property owner receiving 50% of all earnings — no extra effort required.
The upside potential here is substantial. Additional space within the property can be converted into a new retail storefront or residential apartment unit, giving the next owner multiple paths to increased cash flow. The property is move-in ready and in full working condition, making this a true turn-key asset with immediate income on day one. The only reason for sale is the seller's retirement after a successful run — this is a clean, motivated sale with no operational concerns.
Whether you're an experienced investor seeking strong cash flow or an operator ready to own your building, this property delivers a rare combination of immediate income and long-term upside. With its unbeatable corner visibility, proximity to the energy of Fells Point, and multiple revenue streams already in place, opportunities like this simply don't come around often.
The upside potential here is substantial. Additional space within the property can be converted into a new retail storefront or residential apartment unit, giving the next owner multiple paths to increased cash flow. The property is move-in ready and in full working condition, making this a true turn-key asset with immediate income on day one. The only reason for sale is the seller's retirement after a successful run — this is a clean, motivated sale with no operational concerns.
Whether you're an experienced investor seeking strong cash flow or an operator ready to own your building, this property delivers a rare combination of immediate income and long-term upside. With its unbeatable corner visibility, proximity to the energy of Fells Point, and multiple revenue streams already in place, opportunities like this simply don't come around often.
Location
State MD
County Baltimore City
Zoning C-1
Interior
Hot Water None
Heating Other
Cooling None
Heat Source Other
Exterior
Water Access N
Accessibility Level Entry - Main
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Baltimore City Public Schools
Others
Tax ID 0302081781 037
Ownership Fee Simple
Special Listing Condition Standard
Missy Miller Aldave
Team Leader & Real Estate Agent | License ID: 507142
+1(410) 409-5147 | missy@millerteam.com