Street Retail Building with Enclosed
3535 Chestnut Ave, Baltimore, MD 21211
For Sale
$1,950,000
Single-unit street retail building in C-1 zoning with a large open sales area and an enclosed bar, plus basement space.
Property Size5,920 SF
Price / SF$329.39
Days on Market139
Property Features for 3535 Chestnut Ave
General Information
Standard status
Size
Property subtype
Zoning
Site & Location
Neighborhood
Building Details
Building Size
Year Built
Tenancy
Listing Agency:
Avenue Real Estate, LLC
Listed By:
Ross Conn · License MD #633650
(301) 275-5509
Source:
Avenuerealestatellc
Added: Jun 25
Changed: Oct 26
Last Checked: Nov 10 at 6:39AM
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 Avenue Real Estate, LLC
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This for-sale street retail building offers a single-unit layout with a large open area and a stylish enclosed bar located toward the rear. The property includes an additional basement level for added operational or storage use. It is configured for hospitality-style service and can also support general retail uses under the current zoning framework described in the offering.
The building is located at 3535 Chestnut Ave in Baltimore, MD and is offered within C-1 zoning as stated in the materials. The asset’s storefront-oriented format is designed for tenant-facing customer flow, with the primary interior space arranged to support walk-in sales and service.
For restaurateurs and operators, the enclosed bar and open main area can accommodate a range of layouts for dining or counter-service concepts. For retail users, the same open footprint supports merchandising and customer-facing operations, while the basement adds flexibility for back-of-house needs. Because the property is presented as a single, self-contained unit, it is well suited for an owner-operator or an investor looking for a straightforward retail/street retail tenancy structure consistent with C-1 zoning.
The building is located at 3535 Chestnut Ave in Baltimore, MD and is offered within C-1 zoning as stated in the materials. The asset’s storefront-oriented format is designed for tenant-facing customer flow, with the primary interior space arranged to support walk-in sales and service.
For restaurateurs and operators, the enclosed bar and open main area can accommodate a range of layouts for dining or counter-service concepts. For retail users, the same open footprint supports merchandising and customer-facing operations, while the basement adds flexibility for back-of-house needs. Because the property is presented as a single, self-contained unit, it is well suited for an owner-operator or an investor looking for a straightforward retail/street retail tenancy structure consistent with C-1 zoning.
Key Highlights
- 5,920 SF single‑unit street retail building (C‑1 zoning)
- Additional 2,000 SF basement space
- Large open sales area for retail use
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$83,791
Cap Rate
4.30%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,675,820
$1.7M
Cap Rate 7%
$1,197,014
$1.2M
Cap Rate 9%
$931,011
$931.0K
Market Conditions
NOI Build-Up for 5,920 SF
Gross rent
$127.9K $21.60/SF
− Vacancy
−$8.2K −$1.38/SF
EGI
$119.7K $20.22/SF
− OpEx
−$35.9K −$6.07/SF
NOI
$83.8K $14.15/SF
Area
Baltimore, MD
Vacancy
6.39%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,675,820
Cap Rate 7%
$1,197,014
Cap Rate 9%
$931,011
Alternative Uses
Best Use
Retail
$1.20M
$1.05M – $1.40M
NOI $83,791 @ 7.0% cap · market cap 4.30%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.42M
$1.24M – $1.65M
NOI $99,279 @ 7.0% cap · market cap 5.09%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,922
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 21211, MD
17,721
Population
9,056
Households
2
Avg Household Size
37
Median Age
61%
College-Educated
93%
High-School Grad
2.9 sq mi
ZIP Area
6,111
Density / Sq Mi
$81,467
Median Household Income
$64,019
Median Earnings
$1,577
Median Rent
$274,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Storefront properties in Baltimore, MD
Properties on Market for Storefront properties in Baltimore
Vacancy Rate% for Retail in Baltimore, MD
Similar Off Market Nearby
- Belles Fleurs — 2944 Chestnut Ave, Baltimore, MD 21211
- SameDay-FlowerDelivery — 3605 hickory ave, baltimore, md 21211
- The Modest Florist — 3601R Chestnut Ave R, Baltimore, MD 21211
- Tilled Studio — 1216 cox st, baltimore, md 21211
Frequently Asked Questions
What type of property is this?
Storefront property - Single-unit street retail building in C-1 zoning with a large open sales area and an enclosed bar, plus basement space.
Where is this storefront property located?
The property is located at 3535 Chestnut Ave Baltimore, MD.
What is the asking price?
The asking price for this property is $1,950,000.
What are key features of this property?
This property features: 5,920 SF single‑unit street retail building (C‑1 zoning); Additional 2,000 SF basement space; Large open sales area for retail use
