The Wharf Rat bar and restaurant in Fells Point sold today for $941,600, in an online auction by Alex Cooper Auctioneers.
The high bid was $880,000, and a seven percent buyer’s premium led to the final sale price.
The buyer’s identity was not immediately disclosed. According to Jared Block of Alex Cooper, the buyer is a “successful local restaurateur” who has another establishment “close to Fells Point” with a Baltimore City liquor license and intends to be an owner-operator at this location.
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