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    Established Bar and Lounge Opportunity

    2218 BOSTON Street Baltimore, MD 21231

    Claim this Listing
    For Sale
    $725,000

    MULTI_FAMILY - Other - BALTIMORE, MD

    Property size:
    3,325 SF
    Lot size:
    0.03 Acres
    Price / SF:
    $218/SF
    Added:
    May 25, 2026
    Days on Market:
    47
    Last Refresh:
    Jul 10 at 9:06 pm

    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 agent Robert J Breeden License #632462

    Listing office Berkshire Hathaway HomeServices Homesale Realty 1425 Clarkview Road, Lancaster, MD

    Listing date May 25, 2026

    MLS# MDBA2216698 Listing URL

    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.

    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 $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 (±1% cap)
    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 (±1% cap)
    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

    Suggested Use

    HVAC Service Electrical Service Dental Office Nursing Home Auto Parts Store Nursing Home Pet Store Home Appliance Store Butcher Tanning Salon

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

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    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.
    Contact an agent
    (410) 929-2491
    We can help!
    Contact an agent
    Robert J Breeden
    Real Estate License ID: 632462
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