Mixed-Use Building with
3301 Foster Ave, Baltimore, MD 21224
For Sale
$445,000
An upstairs two-bedroom apartment complements the operating bar, with a liquor license included in the sale.
Property Size2,560 SF
Price / SF$173.83
Days on Market189
Property Features for 3301 Foster Ave
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Units
Unit Mix
Multifamily Units
Additional Details
Business Included
Currently Operating
Taxes and HOA fees
Annual Taxes
Building Details
Buildings
Listing Agency:
Berkshire Hathaway HomeServices Homesale Realty
(410) 583-0400
Listed By:
Robert J Breeden · License MD #632462
(410) 929-2491
Source:
Exprealty
Added: May 7
Changed: Nov 10
Last Checked: Nov 10 at 2:19PM
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
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
At 3301 Foster Ave in Baltimore, this historic mixed-use property contains 2,560 square feet across a ground-floor bar and an upstairs two-bedroom apartment. The bar is operating, and the liquor license is part of the sale.
The property is in Downtown Baltimore, combining bar and residential components within one building.
The property is in Downtown Baltimore, combining bar and residential components within one building.
Key Highlights
- 2,560‑square‑foot historic mixed‑use building
- Operating bar on the main floor
- Upstairs two‑bedroom apartment
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,836
Cap Rate
7.83%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$696,720
$696.7K
Cap Rate 7%
$497,657
$497.7K
Cap Rate 9%
$387,067
$387.1K
Market Conditions
NOI Build-Up for 2,560 SF
Gross rent
$49.2K $19.20/SF
− Vacancy
−$2.7K −$1.06/SF
EGI
$46.4K $18.14/SF
− OpEx
−$11.6K −$4.54/SF
NOI
$34.8K $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%
$696,720
Cap Rate 7%
$497,657
Cap Rate 9%
$387,067
Alternative Uses
Best Use
Specialty Retail
$497.7K
$435.5K – $580.6K
NOI $34,836 @ 7.0% cap · market cap 7.83%
Second Best
Mixed Use
$444.3K
$388.8K – $518.4K
NOI $31,104 @ 7.0% cap · market cap 6.99%
Theoretical Best
Office A
$613.3K
$536.6K – $715.5K
NOI $42,931 @ 7.0% cap · market cap 9.65%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Current Use
Lease Details
1
Residential units
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
2,581
Businesses Nearby
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
$281,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Mixed-use properties in Baltimore, MD
Properties on Market for Mixed-use properties in Baltimore
Vacancy Rate% for Retail in Baltimore, MD
Frequently Asked Questions
What type of property is this?
Mixed-use property - An upstairs two-bedroom apartment complements the operating bar, with a liquor license included in the sale.
Where is this mixed-use property located?
The property is located at 3301 Foster Ave Baltimore, MD.
What is the asking price?
The asking price for this property is $445,000.
What are key features of this property?
This property features: 2,560‑square‑foot historic mixed‑use building; Operating bar on the main floor; Upstairs two‑bedroom apartment
