Carry-Out Restaurant
For Sale
$250,000
4101 1/2 Wilkens Avenue, Baltimore, MD 21229
Leased carry-out restaurant storefront with front customer area and fully improved rear kitchen, suited for deli and similar concepts.
Property Size550 SF
Lot Size0.14 Acres
Price / SF$454.55
Days on Market163
Property Features for 4101 1/2 Wilkens Avenue
General Information
Standard status
Active
Size
550 SF
Lot size
0.14 Acres
Property subtype
Retail
Zoning
BL
Additional Details
Business Included
Yes
Road Access
Yes
Commercial Hood
Yes
Building Details
Year Built
1897
Tenancy
Single
Listing Agency:
(443) 618-2585
Listed By:
Keller Williams Flagship
(443) 618-2585
Source:
Xome
Added: Feb 17
Changed: Jul 10
Last Checked: Jul 16 at 4:25AM
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 Keller Williams Flagship
Investment Insights
Based on property information with market context.
A 545 SF carry-out restaurant storefront sits on approximately 6,200 SF of BL-zoned property and is currently under lease with a deli/convenience store operator. The building includes a front customer service area with plenty of glass, with the potential for limited seating such as a table or two and/or a countertop. The rear houses the grill area, with a hood already in place; an Ansul system is needed. The kitchen is equipped with a three-compartment sink, an area/rough-in for a wash sink, and a walk-in cooler with a brand new compressor ready for installation. Additional features include a powder room and a rear entrance.
This sale is contingent on completion of a sub-division. The current tenant is completing all improvements, and the property has undergone extensive remodeling, including new electric, HVAC, plumbing, walls, floor covering, lighting, and more. The two basement spaces of the main building remain in shell condition.
The building may be purchased separately or together with the adjacent two-story building next door, which is also described as completely remodeled extensively except for the two basement spaces of the main building that are still in shell condition. With its direct presence on Wilkens Avenue in Baltimore County near the city line, the space can fit operators looking for a compact, kitchen-forward storefront configuration close to St. Agnes Hospital, about one mile inside the beltway.
This sale is contingent on completion of a sub-division. The current tenant is completing all improvements, and the property has undergone extensive remodeling, including new electric, HVAC, plumbing, walls, floor covering, lighting, and more. The two basement spaces of the main building remain in shell condition.
The building may be purchased separately or together with the adjacent two-story building next door, which is also described as completely remodeled extensively except for the two basement spaces of the main building that are still in shell condition. With its direct presence on Wilkens Avenue in Baltimore County near the city line, the space can fit operators looking for a compact, kitchen-forward storefront configuration close to St. Agnes Hospital, about one mile inside the beltway.
Key Highlights
- 545 SF carry‑out restaurant storefront on ~6,200 SF BL‑zoned property, leased to a deli/convenience store operator.
- Extensively remodeled interior with new electric, HVAC, plumbing, walls, floor covering, and lighting (two basement spaces remain in shell condition).
- Rear kitchen includes grill area with hood, three‑compartment sink, rough‑in for wash sink, and walk‑in cooler with new compressor ready for installation.
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 | $10.6k | $19.20 |
| − Vacancy | −$581 | −$1.06 |
| EGI | $10.0k | $18.14 |
| − OpEx | −$2.5k | −$4.54 |
| NOI | $7.5k | $13.61 |
550 SF · lease $19.20/SF/yr · vacancy 5.50% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$106.9K
$93.6K – $124.7K
NOI $7,484 @ 7.0% cap · market cap 2.99%
Second Best
Retail
$92.7K
$81.1K – $108.1K
NOI $6,487 @ 7.0% cap · market cap 2.59%
Theoretical Best
Office A
$131.1K
$114.7K – $153.0K
NOI $9,179 @ 7.0% cap · market cap 3.67%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Single-tenant
Tenancy
Turnkey business
Opportunity
Yes
Paved road access
Yes
Commercial hood
Location Intelligence
Trade Area within ½ mile
1,272
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 21229, MD
43,464
Population
20,653
Households
2.1
Avg Household Size
38
Median Age
22%
College-Educated
89%
High-School Grad
5.9 sq mi
ZIP Area
7,367
Density / Sq Mi
$55,457
Median Household Income
$40,627
Median Earnings
$1,210
Median Rent
$184,900
Median Home Value
Market
Vacancy Rate% for Retail in Baltimore, MD
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Leased carry-out restaurant storefront with front customer area and fully improved rear kitchen, suited for deli and similar concepts.
Where is this conventional restaurant located?
The property is located at 4101 1/2 Wilkens Avenue Baltimore, MD.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: 545 SF carry‑out restaurant storefront on ~6,200 SF BL‑zoned property, leased to a deli/convenience store operator.; Extensively remodeled interior with new electric, HVAC, plumbing, walls, floor covering, and lighting (two basement spaces remain in shell condition).; Rear kitchen includes grill area with hood, three‑compartment sink, rough‑in for wash sink, and walk‑in cooler with new compressor ready for installation.
