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500 Salem Ave
For Sale $675,000 ($73.65 per Sq Ft)
$675,000 ($73.65 per Sq Ft)
- 4 Units
- 9,165 Sq Ft
- 11,240 Sq Ft
- Unknown Cap Rate
Description
Turnkey Investment – Real Estate & Business with On/Off class D Liquor License!
Discover a true value-add investment with Harman’s Tavern, a well-established bar accompanied by a Class D Liquor License and income-producing residential and retail units. Spanning nearly 10,000 sq. ft., this mixed-use property offers EIGHT TOTAL UNITS, including retail space and spacious apartments – all currently occupied by long-term tenants.
Untapped Income Potential! Rents have remained significantly below market value, as the current owner has never raised them. This presents a prime opportunity for immediate cash flow growth. The units are well-maintained, and with strategic updates, this property could see substantial appreciation.
Whether you're looking to expand your portfolio or capitalize on the established business and rental income, this property is a rare find.
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Amenities
Garage
Pool
Garden
Security System
Internet
Telephone
Heating
Fireplace
Balcony & Patio
TV / Cable
Laundry
Hardwood Floors
Spa
Air Conditioning
Solar Power
Floor Plan
Great Views
Natural Light
Quiet
Water View
Elevator
Guest Unit(s)
Furnished
220 Volt
Property Details
| List Price | $675,000 |
| Property Type | Other |
| Usable Sqft | 9,165 |
| Number of Stories | 0 stories |
| Parking Spots | 0 spots |
| Year Built | 1900 |
| Last Sold | Unknown |
| Sold Price | Unknown |
| APN # | 2225009894 |
| MLS # | MDWA2032214 |
| Property ID | 322266678 |
| Lot Sqft | 11,240 |
| Zoning | RMED |
| Total Units | 4 |
| Days on Market | 56 |
| Original List Price | Unknown |
| Date Updated | October 16, 2025 |
| Date Created | October 15, 2025 |
Financials not available online. Please inquire with your agent for more details.
Listing Provided By
Roberto G. Gonzalez an agent of . Lic #598229
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Data last updated: December 10, 2025.
Robert Crawford
REAL ESTATE AGENT