3100 E Baltimore St, Baltimore, MD 21224
1 beds · 2 baths · 1,890 sqft
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🚨 Turnkey Restaurant Space for Sale – Prime Patterson Park Location! 🚨 Chef Randall has outgrown this fully renovated space, and now it’s your chance to step in and make it your own! The business is not for sale, but this incredible commercial property is available for a new owner or tenant to bring their own vision to life. Whether you're an investor, chef, or business owner looking for a move-in-ready space, this is a prime opportunity in a sought-after location. Located in Patterson Park, one of Baltimore’s most vibrant and rapidly growing neighborhoods, this property benefits from high foot traffic, a strong local community, and a thriving food and nightlife scene. Patterson Park is known for its diverse mix of residents, from young professionals and families to long-time Baltimore locals, creating a built-in customer base for any food and beverage concept. The neighborhood is centered around Patterson Park itself, a 137-acre urban oasis featuring green space, sports facilities, dog parks, and community events that attract thousands of visitors year-round. With its close proximity to Canton, Fells Point, and Johns Hopkins Hospital, this location offers excellent visibility and accessibility, making it an ideal spot for a bustling restaurant, café, or bar. This property has been fully renovated with brand-new HVAC, plumbing, and electrical, eliminating the need for major upgrades. It also includes a 7-day Beer, Wine & Liquor License, adding incredible value for anyone looking to operate a bar, café, or restaurant. The space is fully approved for restaurant, bar, and café use and is adaptable for various kitchen setups with electrical appliances and gas hookups available. All mounted fixtures, including shelves, speakers, and fixed décor, will remain, making it easy to transition into your own concept. Additionally, the property offers exterior storage and a basement space for inventory or prep areas. One of the most unique aspects of this property is the unfinished upstairs space, providing an opportunity for expansion. This level already has a brand-new roof, finished electrical, and rough-in plumbing, significantly reducing build-out costs. Finishing materials are already on-site, so it’s ready for the next steps. With a separate entrance and power meter, this space can be transformed into a residential apartment for additional rental income or used to expand the commercial footprint. This property is perfect for chefs and restaurateurs looking for a turnkey space, bar and café owners seeking a prime location, investors interested in a high-value commercial property, and entrepreneurs who need a versatile space for a dining, cocktail, bakery, or juice bar concept. Opportunities like this don’t come often—secure a move-in-ready restaurant space with modern updates and room to grow in the heart of Patterson Park, one of Baltimore’s most desirable and energetic neighborhoods. Serious inquiries only!
Source: BRIGHT #MDBA2155664
All values shown are estimated costs / mo.
Source: Public records
Source: BRIGHT #MDBA2155664
To qualify, you must meet the current FHA or VA loan requirements depending on the type of loan you are assuming. This typically means a minimum credit score of 580, although most lenders prefer 620-640. Your debt-to-income ratio should be under the 50%. Additional information such as employment history, explanations of income for each applicant, and asset verification for a down payment may be needed to process the loan.
FHA (Federal Housing Administration) loans
FHA loans require the buyer to assume the mortgage as a primary residence.
VA (Veteran's Affairs) loans
You don't have to be a veteran to assume a VA loan. However, not all veterans are willing to let a non veteran assume their mortgage. Roam confirms the seller's willingness prior to you making an offer.
Investors
You may be able to assume a VA mortgage as an investor without it being your primary residence.
Roam is your trusted partner for affordable home ownership. We help manage the assumption process from start to finish, enabling homebuyers to easily purchase their next home with a low-interest rate mortgage attached.
An assumable mortgage is a type of home loan that allows a homebuyer to take over the existing mortgage terms from the seller, with no cost to the seller. Many government-backed loans, such as FHA and VA loans, are eligible for assumption, and millions of these mortgages are available.
When interest rates on mortgages are high, assuming a mortgage with a rate as low as 2% allows buyers to save up to thousands monthly compared to buying a home with a traditional mortgage at today’s average rates of 7%. A low-rate assumable mortgage could be the key to finding your dream home at an affordable price.
Roam has compiled available listings with low-rate assumable mortgages for you to browse. To get started, enter the city, state, zip code, or school district you’re interested in purchasing in. Utilize the search filters to narrow down your search. Click “Save search” to save your search preferences and activate listing notifications—we’ll email you as soon as new listings match your criteria.
Once you’ve found your dream home and ready to make an offer, schedule a call with a Roam Advisor directly from the listing. Your Roam Advisor will guide you through each step of the process, while also working directly with your agent, the servicer, and the seller to ensure you close on time.
To qualify, you must meet the current FHA, VA, or USDA loan requirements depending on the type of loan you are assuming. This typically means a minimum credit score of 620, although most lenders prefer 620-640. Your debt-to-income ratio should be under the 50% max under FHA guidelines. Additional information such as employment history, explanations of income for each applicant, and asset verification for a down payment may be needed to process the loan.
Roam is committed to and abides by the Fair Housing Act and Equal Opportunity Act.