931 E 22ND Street

Description

REAL ESTATE AUCTION featuring ON SITE and SIMULCAST ONLINE BIDDING!! Online Bidding Opens - Monday, May 6, 2024. Live On Site Auction - Tuesday, May 7, 2024 at 11:00 AM. List price is opening bid only. 931 E. 22nd Street is located in the East Baltimore Midway neighborhood in East Baltimore. Positioned between Greenmount Avenue and Harford Road, North Avenue and 25th Street, East Baltimore Midway is in the heart of Baltimore City. The surrounding area is a mix of educational facilities, recreation buildings and townhomes, with a number of commercial and industrial businesses in close proximity. The make up of the surrounding community provides a significant consumer base for businesses of all types. The property is also located within a Federal Opportunity Zone, providing substantial tax incentives for buyers looking to allocate investment funds.The property has been operated as Romans Food Market for a number of decades. The business is well-known to those who live and work nearby. Seller provided information indicates that the business is grossing approximately $500,000 per year. The auction provides a great opportunity for a user to purchase an ongoing business with the real estate. The asset also has ample potential for redevelopment or leasing.