Established High-Volume Liquor Store Near $400M Pimlico Redevelopment

This is a rare opportunity to acquire a long-established, high-revenue liquor store averaging over $1.2 million in annual sales, located just steps from the historic Pimlico Race Course in Baltimore, Maryland.
Opportunities to purchase an operating liquor store in this immediate trade area are exceptionally uncommon—particularly one positioned within a neighborhood currently undergoing a transformative $400 million state-funded redevelopment of the Pimlico Race Course. The scale and public investment driving this corridor make this offering uniquely compelling from a business growth standpoint.

Business Overview
Operating continuously for more than 40 years, this well-known liquor store has become a staple within the Park Heights community, serving a loyal, multi-generational customer base. The business benefits from:
• Strong brand recognition and long-standing community presence
• Established vendor and distributor relationships
• Consistent seven-figure annual revenue
• A well-balanced inventory mix of value-driven products and premium allocations
• Access to highly sought-after, limited-release bottles, including rare selections such as Pappy Van Winkle
Despite temporary construction-related disruptions tied to nearby redevelopment, the store continues to generate stable revenue, demonstrating the strength of its customer loyalty and the essential, recession-resistant nature of the liquor retail sector.

Strategic Location Within Major Redevelopment Corridor
The business is situated within a stone’s throw of Pimlico Race Course, home of the Preakness Stakes, which is currently undergoing a $400 million redevelopment led by the Maryland Stadium Authority and authorized by the Maryland General Assembly.
This large-scale transformation includes modernized facilities, enhanced infrastructure, and long-term neighborhood integration—initiatives designed to significantly increase year-round visitation, residential density, and economic activity in the immediate area.
Acquiring a liquor store business in the direct path of such substantial public investment is extraordinarily rare. Most operators in similar redevelopment corridors are long-established and tightly held, with very few opportunities ever reaching the open market.

Growth Outlook
While construction activity has temporarily impacted foot traffic, this period represents a transitional phase ahead of projected long-term growth. Historically, the store has achieved monthly revenues exceeding $200,000, and management anticipates a return to—and potential expansion beyond—prior performance levels as redevelopment milestones are completed.
With its established operating history, proven revenue base, and immediate proximity to one of the region’s most significant state-backed redevelopment projects, this business is uniquely positioned for both near-term stability and long-term upside.