Fully Furnished Three-Story
1229 Hull St Baltimore, MD 21230
New
1229 Hull St, Baltimore, MD, 21230
$800,000
For Sale
$800,000
Three-story restaurant property with existing furnishings and a seven-day liquor license available in Locust Point.
Property Size3,760 SF
Lot Size0.05 Acres
Price / SF$212.77
Days on Market7
Property Features for 1229 Hull St
General Information
- Standard status
- Active
- Size
- 3,760 SF
- Lot size
- 0.05 Acres
- Property subtype
- retail
Listing agency
Baltimore
(443) 931-3333
Listed by
Antony Gross · License #524122
(443) 931-3333
Source
Property.jll
Added: Jul 16 Updated: Jul 22 at 10:55AM Checked: Jul 22 at 10:55AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Baltimore
Investment Insights
Based on property information with market context.
1229 Hull St is a three-story restaurant property offered as fully furnished and previously operated as a restaurant and bar. The building includes existing in-place restaurant/bar infrastructure and furnishings, designed to support a quick operational transition for a qualified buyer or owner-user.
Located in Baltimore’s Locust Point waterfront community, the property is positioned within walking distance of local retail and waterfront parks and benefits from a neighborhood with strong day-to-night activity. Residents and visitors contribute to continuous foot traffic in the area, supported by convenient regional access to major corridors including I-95 and Key Highway.
Additionally, a seven-day liquor license is available, providing flexibility for operators seeking to serve alcohol on a year-round basis.
Located in Baltimore’s Locust Point waterfront community, the property is positioned within walking distance of local retail and waterfront parks and benefits from a neighborhood with strong day-to-night activity. Residents and visitors contribute to continuous foot traffic in the area, supported by convenient regional access to major corridors including I-95 and Key Highway.
Additionally, a seven-day liquor license is available, providing flexibility for operators seeking to serve alcohol on a year-round basis.
Key Highlights
- Three‑story former restaurant/bar property in Locust Point, Baltimore, on a 0.05‑acre parcel
- Fully furnished with existing restaurant/bar setup and equipment for a new or returning operator
- Seven‑day liquor license available to support extended service hours
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 | $85.7k | $22.80 |
| − Vacancy | −$4.7k | −$1.25 |
| EGI | $81.0k | $21.55 |
| − OpEx | −$20.3k | −$5.39 |
| NOI | $60.8k | $16.16 |
3,760 SF · lease $22.80/SF/yr · vacancy 5.50% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$868.0K
$759.5K – $1.01M
NOI $60,760 @ 7.0% cap · market cap 7.60%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$900.8K
$788.2K – $1.05M
NOI $63,055 @ 7.0% cap · market cap 7.88%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Conventional restaurants
Similar For Sale Nearby
Similar Off Market Nearby
- Kumari Restaurant - Federal Hill — 847 E Fort Ave, Baltimore, MD 21230
FAQs
What type of property is this?
Conventional restaurant - Three-story restaurant property with existing furnishings and a seven-day liquor license available in Locust Point.
Where is this conventional restaurant located?
The property is located at 1229 Hull St Baltimore, MD.
What is the asking price?
The asking price for this property is $800,000.
What are key features of this property?
This property features: Three‑story former restaurant/bar property in Locust Point, Baltimore, on a 0.05‑acre parcel; Fully furnished with existing restaurant/bar setup and equipment for a new or returning operator; Seven‑day liquor license available to support extended service hours
