Mixed-Use Bar and Apartments
For Sale
$595,500
301 S Ann Street, Baltimore, MD 21231
Operating bar on the first floor with rented apartments above, creating dual income streams in one historic building.
Property Size3,771 SF
Price / SF$157.92
Days on Market85
Property Features for 301 S Ann Street
General Information
Standard status
Active
Size
3,771 SF
Property subtype
Mixed Use
Additional Details
Business Included
Yes
Building Details
Year Built
1900
Listing Agency:
Berkshire Hathaway HomeServices Homesale Realty
(410) 929-2491
Listed By:
Robert Breeden · License #632462
(410) 929-2491
Source:
Xome
Added: May 7
Changed: Jul 10
Last Checked: Jul 16 at 7:39AM
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 Berkshire Hathaway HomeServices Homesale Realty
Investment Insights
Based on property information with market context.
This historic mixed-use property combines an operating bar on the main level with residential apartments above. The building is configured to support multiple income-producing components, with the bar providing one stream and the apartments providing another. The apartments are currently rented, which helps provide continuity for an owner looking to maintain existing occupancy.
Located at 301 S Ann Street in Baltimore, the asset offers an all-in-one layout for buyers interested in both hospitality and residential income. As presented, the property’s mixed-use design allows the bar and apartments to operate under the same ownership structure.
For investors and owners seeking diversification within a single asset, the current tenant status of the apartments is a key consideration. The combination of an operating bar and rented residential units can appeal to buyers looking for a ready-made mixed-use profile rather than starting from ground-up repositioning. The property also offers flexible ownership options for buyers who want to manage both hospitality and residential components together, while keeping the building’s income sources under one roof.
Located at 301 S Ann Street in Baltimore, the asset offers an all-in-one layout for buyers interested in both hospitality and residential income. As presented, the property’s mixed-use design allows the bar and apartments to operate under the same ownership structure.
For investors and owners seeking diversification within a single asset, the current tenant status of the apartments is a key consideration. The combination of an operating bar and rented residential units can appeal to buyers looking for a ready-made mixed-use profile rather than starting from ground-up repositioning. The property also offers flexible ownership options for buyers who want to manage both hospitality and residential components together, while keeping the building’s income sources under one roof.
Key Highlights
- Operating bar on the first floor with residential apartments above in one historic building
- Apartments above are currently rented
- Mixed‑use configuration offers both bar and apartment income streams
Financial Insights For Apartment 5plus
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 | $95.0k | $25.20 |
| − Vacancy | −$5.7k | −$1.51 |
| EGI | $89.3k | $23.69 |
| − OpEx | −$40.2k | −$10.66 |
| NOI | $49.1k | $13.03 |
3,771 SF · lease $25.20/SF/yr · vacancy 6.00% · expense 45.00%
Alternative Uses
Best Use
Specialty Retail
$870.5K
$761.7K – $1.02M
NOI $60,937 @ 7.0% cap · market cap 10.23%
Second Best
Apartment 5plus
$701.9K
$614.1K – $818.8K
NOI $49,130 @ 7.0% cap · market cap 8.25%
Theoretical Best
Office A
$903.4K
$790.5K – $1.05M
NOI $63,240 @ 7.0% cap · market cap 10.62%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
4,419
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 21231, MD
17,062
Population
9,342
Households
1.8
Avg Household Size
33
Median Age
66%
College-Educated
95%
High-School Grad
0.9 sq mi
ZIP Area
18,958
Density / Sq Mi
$85,382
Median Household Income
$67,289
Median Earnings
$1,710
Median Rent
$336,500
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Sagamore Pendry Pool Bar — The Sagamore Pendry Hotel, 1715 Thames St, Baltimore, MD 21231
- The Admiral's Cup — 1647 Thames St, Baltimore, MD 21231
- Sandlot — 1000 Wills St, Baltimore, MD 21231
- Fells Point Tavern — 1606 Thames St, Baltimore, MD 21231
- Dudas Tavern — 1600 Thames St, Baltimore, MD 21231
Frequently Asked Questions
What type of property is this?
Bar & Pub - Operating bar on the first floor with rented apartments above, creating dual income streams in one historic building.
Where is this bar & pub located?
The property is located at 301 S Ann Street Baltimore, MD.
What is the asking price?
The asking price for this property is $595,500.
What are key features of this property?
This property features: Operating bar on the first floor with residential apartments above in one historic building; Apartments above are currently rented; Mixed‑use configuration offers both bar and apartment income streams
