Two-Story Restaurant and
For Sale
Contact for pricing
1041 Marshall St, Baltimore, MD 21230
Full-service hospitality property with multiple bars, private event areas, a complete kitchen, and street-level windows.
Property Size2,650 SF
Price / SF$337.74
Days on Market561
Property Features for 1041 Marshall St
General Information
Standard status
Active
Size
2,650 SF
Property subtype
RETAIL
Additional Details
Liquor License
Yes
Amenities
private party areas
multiple bars
full kitchen
street-level windows
external walk-in coolers
Building Details
Stories
2
Listing Agency:
MacKenzie Commercial Real Estate - Corporate
(410) 821-8585
Listed By:
Henry Deford · License #MD 636644
(410) 494-4861
Source:
Moodyscre
Added: Apr 3, 2025
Changed: Oct 8
Last Checked: Oct 15 at 12:21AM
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 MacKenzie Commercial Real Estate - Corporate
Investment Insights
Based on property information with market context.
This 2,650-square-foot, two-story restaurant and tavern includes multiple bars, private party areas, a full kitchen, and street-level windows that connect the interior with the surrounding streetscape. External walk-in coolers support storage and loading access, while the property includes a 7-day Beer/Wine/Liquor License.
Located at 1041 Marshall St in Baltimore’s Federal Hill, the property sits along the walking route connecting Federal Hill, Camden Yards, and M&T Bank Stadium. Outdoor seating potential along Marshall Street adds another operational feature for a hospitality user.
Located at 1041 Marshall St in Baltimore’s Federal Hill, the property sits along the walking route connecting Federal Hill, Camden Yards, and M&T Bank Stadium. Outdoor seating potential along Marshall Street adds another operational feature for a hospitality user.
Key Highlights
- 2,650‑square‑foot two‑story restaurant and tavern
- 7‑day Beer/Wine/Liquor License included
- Multiple bars, private party areas, and full kitchen
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$42,823
Cap Rate
4.78%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$856,460
$856.5K
Cap Rate 7%
$611,757
$611.8K
Cap Rate 9%
$475,811
$475.8K
Market Conditions
NOI Build-Up for 2,650 SF
Gross rent
$60.4K $22.80/SF
− Vacancy
−$3.3K −$1.25/SF
EGI
$57.1K $21.55/SF
− OpEx
−$14.3K −$5.39/SF
NOI
$42.8K $16.16/SF
Area
Baltimore, MD
Vacancy
5.50%
Lease Rate
$22.80 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$856,460
Cap Rate 7%
$611,757
Cap Rate 9%
$475,811
Alternative Uses
Best Use
Specialty Retail
$611.8K
$535.3K – $713.7K
NOI $42,823 @ 7.0% cap · market cap 4.78%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$634.9K
$555.5K – $740.7K
NOI $44,441 @ 7.0% cap · market cap 4.97%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Liquor license
Location Intelligence
Trade Area within ½ mile
3,438
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 21230, MD
36,660
Population
18,070
Households
2
Avg Household Size
33
Median Age
59%
College-Educated
88%
High-School Grad
6.3 sq mi
ZIP Area
5,819
Density / Sq Mi
$94,164
Median Household Income
$69,973
Median Earnings
$1,771
Median Rent
$327,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Baltimore, MD
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Similar Off Market Nearby
- Kumari Restaurant - Federal Hill — 847 E Fort Ave, Baltimore, MD 21230
- Picnic Perch — Baltimore, MD 21201
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Full-service hospitality property with multiple bars, private event areas, a complete kitchen, and street-level windows.
Where is this conventional restaurant located?
The property is located at 1041 Marshall St Baltimore, MD.
What is the asking price?
The asking price for this property is $895,000.
What are key features of this property?
This property features: 2,650‑square‑foot two‑story restaurant and tavern; 7‑day Beer/Wine/Liquor License included; Multiple bars, private party areas, and full kitchen
