Bar Property with First-Floor
New
For Sale
$649,000
2501 2501-2503 Fleet St, Baltimore, MD 21224
The existing first-floor bar fixtures are included with an available liquor license.
Property Size3,846 SF
Price / SF$168.75
Days on Market4
Property Features for 2501 2501-2503 Fleet St
General Information
Standard status
Active
Size
3,846 SF
Additional Details
Floor
1
Asking Price
$125,000
Liquor License
Yes
Building Details
Year Built
1920
Listing Agency:
Eagle Commercial Realty
Listed By:
Anthony Zorzit · License #5011917
(410) 663-9444
Source:
Theatwoodteam
Added: Oct 7
Last Checked: Oct 7 at 2:17PM
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 Eagle Commercial Realty
Investment Insights
Based on property information with market context.
This 3,846-square-foot bar property was built in 1920 and includes existing fixtures in the first-floor bar. A liquor license is available for purchase; the license and fixture terms are presented together in the property information.
Key Highlights
- 3,846‑square‑foot bar property
- Built in 1920
- Existing first‑floor bar fixtures included with the available liquor license
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$52,336
Cap Rate
8.06%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,046,720
$1.0M
Cap Rate 7%
$747,657
$747.7K
Cap Rate 9%
$581,511
$581.5K
Market Conditions
NOI Build-Up for 3,846 SF
Gross rent
$73.8K $19.20/SF
− Vacancy
−$4.1K −$1.06/SF
EGI
$69.8K $18.14/SF
− OpEx
−$17.4K −$4.54/SF
NOI
$52.3K $13.61/SF
Area
ZIP 21224
Vacancy
5.50%
Lease Rate
$19.20 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,046,720
Cap Rate 7%
$747,657
Cap Rate 9%
$581,511
Alternative Uses
Best Use
Specialty Retail
$747.7K
$654.2K – $872.3K
NOI $52,336 @ 7.0% cap · market cap 8.06%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$921.4K
$806.2K – $1.07M
NOI $64,498 @ 7.0% cap · market cap 9.94%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Liquor license
Location Intelligence
Trade Area within ½ mile
2,188
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 21224, MD
54,266
Population
23,433
Households
2.3
Avg Household Size
33
Median Age
50%
College-Educated
85%
High-School Grad
9.3 sq mi
ZIP Area
5,835
Density / Sq Mi
$86,209
Median Household Income
$63,556
Median Earnings
$1,782
Median Rent
$281,400
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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Frequently Asked Questions
What type of property is this?
Bar & Pub - The existing first-floor bar fixtures are included with an available liquor license.
Where is this bar & pub located?
The property is located at 2501 2501-2503 Fleet St Baltimore, MD.
What is the asking price?
The asking price for this property is $649,000.
What are key features of this property?
This property features: 3,846‑square‑foot bar property; Built in 1920; Existing first‑floor bar fixtures included with the available liquor license
