Property profile

119 2nd St Oakland, MD 21550

OFF-MARKET
Warehouses
Property ID
US40-2390513
2,378 SF 0.12 ac lot Built 1914
Entity Owned 1-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional downtown Oakland property presents a unique investment opportunity. The 4,000 square foot building, constructed circa 1909 on a foundation dating back to 1877, boasts a rich history as the former Sipside Lounge. A complete renovation in 2018-2019 transformed the space into a stylish, upscale establishment, incorporating unique details such as antique stained-glass windows, custom woodwork, and a state-of-the-art sound system. The property includes two distinct commercial spaces, currently connected by a glass doorway. One space is occupied by a thriving vinyl record store, amenable to a lease arrangement or relocation. The other, the former Sipside Lounge, retains its bar and restaurant fixtures, including refrigerators, an ice maker, and ample seating. The building also features a 1900 square foot upper level, currently used for storage, with potential for conversion into office space or a residential apartment. The outdoor area is equally impressive, offering approximately 2,600 square feet of covered and uncovered seating, including handmade metal tables and chairs, cushioned lounge seating, and a stunning 1938 stone wood-burning fireplace with a railroad backdrop. The property includes new flooring, bathrooms, ADA ramps, updated electrical and plumbing, four air conditioning units, and two point-of-sale storefront displays. With a seating capacity of 42 inside and over 100 outside, this property offers immense potential for a variety of commercial ventures. The 0.12-acre lot provides ample space for outdoor activities and expansion. This is a truly remarkable property with endless possibilities.

Property profile

Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 1914
Construction BRICK
Total area 2,378 SF
Lot 0.12 ac (5,128 SF)
Zoning code C
APN 17-009117
UPID US40-2390513

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

119 2nd St Oakland, MD 21550-1519
Oakland metro Census 601
Google Maps

Value estimations

Realmo proprietary · 4 methods
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by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
$240k

Owner & transaction history

since 2025
Last sale
$27,830
5 recorded transactions
2025
$529,000
2020
$27,830
2018
$115,000
2015
$70,000
2005
$300,000

Zoning & alternative use

C · Oakland, MD
Zoning description

Procedures for maintaining Commercial (C) and Employment Center (EC) District zoning once granted. The procedure for maintaining any change of the zoning classification of land to Commercial (C) and/or Employment Center…

General category CIVIC_INSTITUTIONAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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