Property summary
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
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Zoning & alternative use
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…
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Value estimation
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Cap rate
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Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
C · Oakland, MDProcedures 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…
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
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…
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for C in Oakland, MD.
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