Property

Funkstown, MD 21734 115 E Baltimore Street

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Presented By: Virginia Estates, Inc.
  • MLS# MDWA2022736
  • 06/21/2024
  • Request Tour
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  • SQFT • 3,048

Home Details

Prime Investment Property + Lucrative Winery Business. A rare chance to acquire a cash-flowing investment property and established boutique winery in a quaint retail setting. The real estate consists of three addresses with three separate buildings situated on approximately a third of an acre on a high visibility corner in historic Funkstown, MD. 115, 117, & 119 E. Baltimore Street. The main building includes the recently renovated tasting room on the main floor and a large 3 BR/ 2 BA apartment upstairs, which can continue to serve as an additional source of income or be utilized as an owners suite. Elsewhere on the property are structures for storage and wine production, along with an inviting outdoor seating area for customers. About the business: This popular destination offers a diverse array of wine-centric experiences, encompassing tastings of distinguished in-house crafted wines, wine and culinary pairings, interactive sessions for crafting your own wine or beer, live musical performances, and more, all within an alluring indoor/outdoor backdrop. The winerys current annual production ranges between 600-800 meticulously crafted cases of award-winning wines. Growth opportunities: Opportunities for growth abound, from increased production and wholesale on the winery side to expansion of the facilities, such as a pavilion to accommodate additional guests and events outside. Other ideas include a brewery or farmers market. This unique offering encompasses turnkey business operations and every facet of furniture, fixtures, and equipment needed for an uninterrupted launch into this exciting vinicultural realm. Positioned as a well-established, cash-positive enterprise, its dynamic trajectory harbors numerous avenues for growth. Seize this phenomenal opportunity to realize your aspirations and immerse yourself in the regions burgeoning wine landscape! Inventory will be sold separately. Financial statements and private tours available with Non-Disclosure Agreement and provision of verifiable Proof/Source of Funds letter directly from a recognized financial institution.
Presented By: Virginia Estates, Inc.

Interior Features for 115 E Baltimore Street

Other Interior Features

Central Air Y/NYes
FlooringLuxury Vinyl Tile, Hardwood
Heating FuelNatural Gas
Heating Y/NYes
Hot WaterNatural Gas

General for 115 E Baltimore Street

AccessibilityNone
Business TypeApartment Building, Restaurant/Bar
Buyer Agent Compensation3
Buyer Agent Compensation Type% Of Gross
CityFUNKSTOWN
Construction MaterialsBrick, Concrete
Cool FuelElectric
CoolingCeiling Fan(s), Central A/C
CountyWASHINGTON
Current UseApartments, Beer/Wine/Liquor, Retail, Manufacturing
Days on Market14
DirectionsNorth on Frederick Road into Funkstown. Property is on the southwest corner of Frederick Road and E. Baltimore St.
HeatingForced Air
Lease Considered Y/NNo
Location TypeCorner Lot/Unit
Lot Size Square Feet13589.00
Lot Size UnitsSquare Feet
ModificationTimestamp2024-06-21T08:33:01
MunicipalityFUNKSTOWN
New ConstructionNo
PossessionImmediate
Possible UseBar/Tavern/Lounge, Beer/Wine/Liquor, Commercial, Retail, Apartments
Price Per Sq Ft Total AG324.48
Property SubTypeRetail
Property TypeBusiness Opportunity
SewerPublic Septic, Public Sewer
Standard StatusActive
StatusACTIVE
Subdivision NameFUNKSTOWN
Tax Annual Amount1796.08
Tax Assessed Value148000.0
Tax Year2005
UtilitiesCable TV Available
Vacation Rental Y/NNo
Water Access Y/NNo
Waterfront Y/NNo
Year Built1920
Year Built SourceEstimated
ZoningTC

Exterior for 115 E Baltimore Street

Building Area Total3048.00
InclusionsAll Furniture, Fixtures and Equipment related to the Winery and Tasting Room
Land Assessed Value54300.00
Lot Size Acres0.31
Lot Size SourceEstimated
Navigable Water Y/NNo
Other EquipmentSee Remarks
Road ResponsibilityCity/County
Road Surface TypeBlack Top
Total Loading Docks0
Total Parking Spaces0
Type of ParkingNone
Water Oriented Y/NNo
Water SourcePublic
Water View Y/NNo

Additional Details

Price History

Derrick Sims

Associate
Price $989,000
MLS#MDWA2022736
List Date 06/21/2024
Property Type Business Op
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