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Executive Summary
Prime Upper Fells Point Investment Opportunity – Two properties: 301 S. Ann Street & 1803 Gough Street. An exceptional chance to own a mixed-use corner property in the heart of Upper Fells Point! This offering includes two parcels—301 S. Ann Street and 1803 Gough Street—featuring a fully operational bar (currently leased to the same business owner for 14 years) with a valuable BD7 liquor license, plus two residential apartments and a third-floor storage/office area. The bar (Benders) is in excellent condition with a welcoming dining area, multiple coolers, a small kitchen, a rear office, and a full basement for storage. Bar tenant pays $3,200/month. One apartment is currently rented to a long-term tenant at $1,000/month; the second unit is vacant and ready for a new occupant or added rental income. Serious buyers with proof of funds or financing can access rental units upon request. Situated in a vibrant, walkable neighborhood close to Patterson Park, Fells Point, and Johns Hopkins, this is an ideal investment for savvy buyers seeking both immediate cash flow and long-term upside. Please do not disturb current tenants—showings by appointment only. 301 S Ann, 2025 tax assessment: $307,000, annual taxes $6,783 & total sqft 3,600 (2,625 above grade). 1803 Gough, 2025 tax assessment: $192,300, annual taxes $4,331 & total sqft: 1,719 (1,146 above grade). sold as-is.
Financial Summary (Actual - 2024) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
3,500 SF
Building Class
C
Year Built
1900
Price
$575,000
Price Per SF
$164.29
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
1.86
Lot Size
0.04 AC
Zoning
R-8
Frontage
Walk Score®
Walker's Paradise (98)
Transit Score®
Excellent Transit (84)
Bike Score®
Very Bikeable (82)
Nearby Major Retailers
Property Taxes
| Parcel Number | 1763-001 | Total Assessment | $307,100 (2025) |
| Land Assessment | $0 (2025) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $0 (2025) | Tax Year | 2024 |
Property Taxes
Parcel Number
1763-001
Land Assessment
$0 (2025)
Improvements Assessment
$0 (2025)
Total Assessment
$307,100 (2025)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2024
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301 S Ann St
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