Corner Brick Mixed-Use Building

435 S BROADWAY Baltimore, MD 21231

Claim this Listing
New
For Sale
$1,450,000

Commercial/Industrial - BALTIMORE, MD

Property size:
6,300 SF
Lot size:
0.05 Acres
Price / SF:
$230/SF
Added:
Jul 8, 2026
Days on Market:
5
Last Refresh:
Jul 12 at 2:06 am

Property Features for 435 S BROADWAY

General Information

Property type
Commercial Sale
Property subtype
Other
Parking features
On Street
Standard status
Active
Lot size
0.05 Acres

Taxes and HOA fees

Tax Annual Amount
9995

Utilities

Heating system
Hot Water (Heating)
Cooling system
Central Air

Building Details

Year built
1920
Building materials
Brick
Architectural style
Other

Listing agent Ken Zeng

Listing office Columbia 10805 Hickory Ridge Road, MD

Listing date Jul 8, 2026

MLS# MDBA2222644 Listing URL

Copyright © 2026 Long & Foster Real Estate. 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.

Fully renovated three-level brick building with versatile interior space. The main level includes two existing businesses: a carry-out restaurant and a cigar shop. The second level features six spacious rooms and two full baths, currently configured for office use, with the ability to convert to residential apartments with city approval. The third level provides two- and three-bedroom apartments designed for additional rental use.

Located at 435 S Broadway in Fells Point, this is a corner commercial property. The building is presented as a mixed-use setup intended to support both retail activity on the ground floor and separate living or workspace configurations above.

The property can fit an owner-operator who wants to occupy part of the building while maintaining revenue from the existing main-level businesses and upper-level space. For an investor, the combination of street-level retail operations and multiple residential units may support a diversified use structure in one building. For tenants and operators looking for flexibility, the second level’s current office layout—along with the stated option to convert to apartments with city approval—can provide additional occupancy and planning flexibility depending on the operating plan.

Key Highlights

  • Corner commercial brick building with three levels and over 6,300 sq. ft. of versatile space in Fells Point
  • Year built 1920
  • Main level includes two established businesses: carry‑out restaurant and cigar shop

Local 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 $143.6k $22.80
− Vacancy −$7.9k −$1.25
EGI $135.7k $21.55
− OpEx −$33.9k −$5.39
NOI $101.8k $16.16
6,300 SF · lease $22.80/SF/yr · vacancy 5.50% · expense 25.00%

Alternative Uses

Best Use
Specialty Retail
$1.45M
$1.27M – $1.70M (±1% cap)
NOI $101,805 @ 7.0% cap · market cap 7.02%
Second Best
Retail
$1.27M
$1.11M – $1.49M (±1% cap)
NOI $89,169 @ 7.0% cap · market cap 6.15%
Theoretical Best
Office A
$1.51M
$1.32M – $1.76M (±1% cap)
NOI $105,651 @ 7.0% cap · market cap 7.29%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Golden Wok Restaurant UP TO SMOKE TOBACCO ... (Bike/Boat/Book/etc) Store CDL Drivers Wanted ... Trucking Company

Suggested Use

HVAC Service (Bike/Boat/Book/etc) Store (Bike/Boat/Book/etc) Store Pet Store & Service (Bike/Boat/Book/etc) Store Electrical Service (Bike/Boat/Book/etc) Store Pet Store (Bike/Boat/Book/etc) Store (Bike/Boat/Book/etc) Store

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Conventional restaurant - Fully renovated three-level brick building with street-level restaurant and cigar shop plus office and apartment space.
Where is this conventional restaurant located?
The property is located at 435 S BROADWAY Baltimore, MD.
What is the asking price?
The asking price for this property is $1,450,000.
What are key features of this property?
This property features: Corner commercial brick building with three levels and over 6,300 sq. ft. of versatile space in Fells Point; Year built 1920; Main level includes two established businesses: carry‑out restaurant and cigar shop
Contact an agent
More about this property
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