Baltimore Business Journal
A Towson property housing a restaurant that rebranded last summer has hit the market as the business enters yet another new phase.
The Point in Towson’s building at 523 York Road was listed for nearly $4 million as a turnkey opportunity last month, according to the Restaurant Broker, a commercial real estate agency that listed the property. A representative for the Restaurant Broker said owner and restaurateur Erica Russo was also open to leasing the space, with the option to purchase for a qualified buyer. The 6,400-square-foot building houses the restaurant, storage and two second-floor spaces, which are currently rented, per the listing.
An upstairs tenant in the building pays $55,000 per year. The Point in Towson features two bars, a private dining room, a main dining area, an outdoor patio and more than a dozen TVs. It has seating for over 200 people between its indoor and outdoor areas. A sale will include furniture, fixtures, equipment and a Class B liquor license. The listing also says the restaurant recently underwent $1.3 million in renovations.
The move to sell comes after the restaurant dropped a 2024 rebranding, and announced it was transitioning to a focus on events, catering and pop-ups over the last few months.
Russo bought the property in 2016 for $1.2 million, per state property records, and opened the Towson restaurant in 2017 as the second location of The Point restaurant and bar in Fells Point. The Towson restaurant last summer collaborated with Chef Josh White, of the former Smoke BBQ in Cockeysville, and changed its name to Smoke at the Point. Then in December, the restaurant announced on Facebook that it would be closing while it transitioned to an event space. Russo also sauid she planned to focus more on her catering company, Blind Tiger Mobile Bar, which offers a variety of mobile bar rigs along with food.
Just weeks later, the dining spot reverted to its original name, The Point in Towson, and continued to operate as a restaurant while moving forward on the transition into an event and pop-up space, according to announcements on social media.
The restaurant said in mid-January that it had already started booking pop-ups, kitchen takeovers and event space rentals for the spring.
“We are looking to collab with chefs, food truck owners, creatives, artists, business owners etc., to help bring our vision of the space to life!” one Facebook post on the restaurant’s page said.
The listing is the most recent change for the Towson restaurant community. Nacho Mama’s closed its locations in Towson and Canton last month, and Atlas Restaurant Group’s Perennial restaurant also shuttered, a decision made between the Harbor East group and the restaurant’s ownership.
Towson restaurant property hits market
