Established Liquor Store Near Pimlico Race Course – Prime Redevelopment Opportunity

This iconic liquor store, operating successfully for over 40 years, is a cornerstone of the Park Heights community and located just steps from the historic Pimlico Race Course—home of the world-renowned Preakness Stakes.

Now available due to the owner’s unexpected relocation overseas, this rare opportunity offers more than just a profitable business—it positions you at the heart of one of Baltimore’s most ambitious redevelopment projects.

The surrounding area is undergoing a multi-phase transformation led by the Pimlico Racing Facility Redevelopment, a comprehensive plan to revitalize the racecourse and its neighboring community. The redevelopment includes the complete reimagining of the grandstands, clubhouse, and equine structures while preserving key historical elements. New features include:

- A modern clubhouse and paddock

- State-of-the-art racing barns and maintenance facilities

- Extensive site improvements and landscaping

- Utility upgrades and neighborhood integration


As a result, local businesses—including this liquor store—are already eligible for grants and aesthetic improvement incentives designed to align them with the area’s new look and feel.

While redevelopment construction has temporarily impacted foot traffic, the store continues to generate solid revenue, supported by a loyal, multi-generational customer base. This is a rare situation where short-term disruption is clearly tied to long-term exponential growth.

Upon completion of the redevelopment (expected in 2027), the business is projected to return to—and likely surpass—its historical peak performance, with monthly revenues exceeding $200,000. The store boasts an extensive, curated inventory tailored to its community, including everything from highly sought-after bottles like Pappy Van Winkle to everyday value selections.

Whether you’re a seasoned operator or an aspiring entrepreneur looking to own a high-performing store in a revitalized urban corridor, this is a once-in-a-generation opportunity. Proximity to the Preakness Stakes and alignment with Baltimore’s redevelopment vision make this one of the most strategically positioned liquor stores in the city’s history.

Serious inquiries only. Site visits will be scheduled following completion of a qualified buyer profile.