Halethorpe, MD 21227,5507 OREGON AVE
Halethorpe, MD 21227,5507 OREGON AVE
Halethorpe, MD 21227,5507 OREGON AVE
Halethorpe, MD 21227,5507 OREGON AVE
Halethorpe, MD 21227,5507 OREGON AVE
Halethorpe, MD 21227,5507 OREGON AVE
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$503,500

$500,000

0.7%
Est.Price: ?

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Est. payment /mo

4,020 SqFt


SOLD DATE : 07/08/2022

Key Details

Sold Price $503,500

Property Type Commercial

Sub Type Retail

Listing Status Sold

Purchase Type For Sale

Square Footage 4,020 sqft

Price per Sqft $125

MLS Listing ID MDBC2033458

Sold Date 07/08/22

Originating Board BRIGHT

Year Built 1956

Annual Tax Amount $6,827

Tax Year 2022

Lot Size 2,730 Sqft

Acres 0.06

Property Description

List price to be opening bid. Online Auction Only! Bidding begins Friday, May 6th @ 1:00 PM & ends Wednesday, May 11th, 2022 @ 1:00 PM. **RARE OPPORTUNITY** Owners Retiring, Turn-Key Landmark Restaurant Including Real Estate, Known as "Paul's Restaurant", in the Arbutus area of Baltimore County. Paul's Restaurant has been a landmark for approx. 70 years. This is a turn-key sale of the real estate, furniture, fixtures and equipment. In 2021, the restaurant had approx. $518,000 in gross sales. It is presently open and operating. It has a 4.2/5 rating on Google Reviews. The Owners are retiring. Location: Arbutus is a long established community in southwest Baltimore County. It is anchored by the nearby University of Maryland, Baltimore County. The population of the immediate area is approx. 20,000. Some of its notable features include the Guinness Brewery, Patapsco Valley State Park, and the neighborhood of Relay that is known for its Victorian architecture. Arbutus is located at the intersection of the Baltimore Beltway and I-95. Site Description: The property, which is basically rectangular in shape, comprises approx. 2,730 sq. ft. or 0.06 acre. There is a public parking lot in the rear of the property. Improvements Description: The property is improved by a 2-level commercial building. According to the Maryland State Department of Assessment and Taxation, each level is approx. 2,228 sq. ft. The main level is divided into an entryway, large dining room, fully equipped kitchen and 2 restrooms. The lower level features a large dining room, ideal for banquets and parties, a walk-in refrigerator, 2 restrooms, an office and storage area. There are interior and exterior entrances to the lower level.

Location

State MD

County Baltimore

Zoning BL

Interior

Hot Water Other

Heating Other

Cooling Central A/C

Heat Source Other

Exterior

Water Access N

Accessibility None

Garage N

Building

Sewer Public Sewer

Water Public

New Construction N

Schools

School District Baltimore County Public Schools

Others

Tax ID 04131312200170

Ownership Fee Simple

SqFt Source Assessor

Special Listing Condition Auction

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Bright MLS (BMLS)
Listed by Paul R Cooper • Alex Cooper Auctioneers, Inc.
Bought with Paul R Cooper • Alex Cooper Auctioneers, Inc.
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3801 Kennett Pike Suite D200, Greenville, Delaware, 19807, United States

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