Established Bar and Lounge
2218 BOSTON Street Baltimore, MD 21231
For Sale
$725,000
MULTI_FAMILY - Other - BALTIMORE, MD
Property Size3,325 SF
Lot Size0.03 Acres
Price / SF$218.05
Days on Market62
Property Features for 2218 BOSTON Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Parking features
- On Street
- Standard status
- Active
- Size
- 3,325 SF
- Lot size
- 0.03 Acres
Taxes and HOA fees
- Tax Annual Amount
- 9537
Utilities
- Heating system
- Forced Air
- Cooling system
- Central Air
Building Details
- Year built
- 1920
- Number of units
- 1
- Building materials
- Brick Front
- Architectural style
- Other
Listing Agency:
Berkshire Hathaway HomeServices Homesale Realty
(410) 583-0400
Listed By:
Robert J Breeden · License #632462
(410) 929-2491
Added: May 25
Changed: Jun 9
Last Checked: Jul 25 at 1:06PM
MLS# MDBA2216698
Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This turnkey investment offers the opportunity to own a well-established neighborhood bar and lounge with a history of success. Located at 2218 Boston Street, along the border of Canton and Fells Point, this visible property has been a fixture in Baltimore's nightlife scene, previously home to venues including Unicorn, Purple Pepper, and Bartenders. The property offers approximately 3,325 square feet and features bar areas across two levels, plus a private third-floor office. The flexible layout is suited for trivia nights, live entertainment, private parties, and social events. The space includes booth seating, high-top tables, and bar seating. Positioned in a thriving entertainment corridor with a customer base and foot traffic, this property offers opportunity for continued success and future growth in one of Baltimore's neighborhoods. The lot size is 0.0294 acres. Please note that the liquor license is not included in the sale. This property is intended for use as a bar, pub, restaurant, or other commercial real estate venture.
Key Highlights
- Well‑established bar and lounge with a strong history of success.
- Prime location on Boston Street, bordering Canton and Fells Point.
- Spacious 3,500 square feet across two levels, plus a private third‑floor office.
Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $75.8k | $22.80 |
| − Vacancy | −$4.2k | −$1.25 |
| EGI | $71.6k | $21.55 |
| − OpEx | −$17.9k | −$5.39 |
| NOI | $53.7k | $16.16 |
3,325 SF · lease $22.80/SF/yr · vacancy 5.50% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$767.6K
$671.6K – $895.5K
NOI $53,730 @ 7.0% cap · market cap 7.41%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$796.6K
$697.0K – $929.3K
NOI $55,760 @ 7.0% cap · market cap 7.69%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
ATM
Atm
Similar Off Market Nearby
- Hull Street Blues Cafe — 1222 Hull St, Baltimore, MD 21230
- 1157 Bar & Kitchen — 1157 Haubert St, Baltimore, MD 21230
- Sandlot — 1000 Wills St, Baltimore, MD 21231
- Fells Point Tavern — 1606 Thames St, Baltimore, MD 21231
- Dudas Tavern — 1600 Thames St, Baltimore, MD 21231
FAQs
What type of property is this?
Bar & Pub - Turnkey bar and lounge in Baltimore's thriving entertainment corridor.
Where is this bar & pub located?
The property is located at 2218 BOSTON Street Baltimore, MD.
What is the asking price?
The asking price for this property is $725,000.
What are key features of this property?
This property features: Well‑established bar and lounge with a strong history of success.; Prime location on Boston Street, bordering Canton and Fells Point.; Spacious 3,500 square feet across two levels, plus a private third‑floor office.
