Street Retail Building with Enclosed
3535 Chestnut Ave Baltimore, MD 21211
3535 Chestnut Ave, Baltimore, MD, 21211
$1,950,000
For Sale
$1,950,000
Single-unit street retail building in C-1 zoning with a large open sales area and an enclosed bar, plus basement space.
Property Size5,920 SF
Price / SF$329.39
Days on Market28
Property Features for 3535 Chestnut Ave
General Information
- Standard status
- Active
- Size
- 5,920 SF
- Property subtype
- Retail
Building Details
- Year Built
- 1930
Listing agency
Avenue Real Estate
(301) 275-5509
Listed by
Ross Conn · License #633650
(301) 275-5509
Source
Avenuerealestatellc
Added: Jun 25 Updated: Jul 10 at 4:02PM Checked: Jul 21 at 6:13AM
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 Avenue Real Estate
Investment Insights
Based on property information with market context.
This for-sale street retail building offers a single-unit layout with a large open area and a stylish enclosed bar located toward the rear. The property includes an additional basement level for added operational or storage use. It is configured for hospitality-style service and can also support general retail uses under the current zoning framework described in the offering.
The building is located at 3535 Chestnut Ave in Baltimore, MD and is offered within C-1 zoning as stated in the materials. The asset’s storefront-oriented format is designed for tenant-facing customer flow, with the primary interior space arranged to support walk-in sales and service.
For restaurateurs and operators, the enclosed bar and open main area can accommodate a range of layouts for dining or counter-service concepts. For retail users, the same open footprint supports merchandising and customer-facing operations, while the basement adds flexibility for back-of-house needs. Because the property is presented as a single, self-contained unit, it is well suited for an owner-operator or an investor looking for a straightforward retail/street retail tenancy structure consistent with C-1 zoning.
The building is located at 3535 Chestnut Ave in Baltimore, MD and is offered within C-1 zoning as stated in the materials. The asset’s storefront-oriented format is designed for tenant-facing customer flow, with the primary interior space arranged to support walk-in sales and service.
For restaurateurs and operators, the enclosed bar and open main area can accommodate a range of layouts for dining or counter-service concepts. For retail users, the same open footprint supports merchandising and customer-facing operations, while the basement adds flexibility for back-of-house needs. Because the property is presented as a single, self-contained unit, it is well suited for an owner-operator or an investor looking for a straightforward retail/street retail tenancy structure consistent with C-1 zoning.
Key Highlights
- 5,920 SF single‑unit street retail building (C‑1 zoning)
- Additional 2,000 SF basement space
- Large open sales area for retail use
Local Financial Insights For 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 | $127.9k | $21.60 |
| − Vacancy | −$8.2k | −$1.38 |
| EGI | $119.7k | $20.22 |
| − OpEx | −$35.9k | −$6.07 |
| NOI | $83.8k | $14.15 |
5,920 SF · lease $21.60/SF/yr · vacancy 6.39% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.20M
$1.05M – $1.40M
NOI $83,791 @ 7.0% cap · market cap 4.30%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.42M
$1.24M – $1.65M
NOI $99,279 @ 7.0% cap · market cap 5.09%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Hampden Republican Club
Nightclub
Paulie Gee's Hampden
Restaurant
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FAQs
What type of property is this?
Storefront property - Single-unit street retail building in C-1 zoning with a large open sales area and an enclosed bar, plus basement space.
Where is this storefront property located?
The property is located at 3535 Chestnut Ave Baltimore, MD.
What is the asking price?
The asking price for this property is $1,950,000.
What are key features of this property?
This property features: 5,920 SF single‑unit street retail building (C‑1 zoning); Additional 2,000 SF basement space; Large open sales area for retail use
