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    708 Bond St Baltimore, MD 21231

    Sponsored
    For Sale
    $1,750,000

    Prime Baltimore location, high NOI, strong cap rate.

    Property size:
    3,075 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional investment opportunity presents a three-story, 3,075 square foot retail property located at 708 S. Bond St in Baltimore, MD's vibrant Fells Point neighborhood. Built in 1858, this C-1 zoned building (APN: 03-07-1809 -005) boasts significant historical charm blended seamlessly with modern amenities. Currently occupied by a well-established and popular restaurant and bar, the property generates a substantial Net Operating Income (NOI) of $194,081, resulting in an attractive 11.09% capitalization rate. The asking price is $1,750,000. Situated on a quieter street within Fells Point, this location offers a unique blend of accessibility to the area's main attractions and a more secluded, welcoming atmosphere, appealing to both locals and tourists. The property benefits from the area's thriving tourism and consistent foot traffic, ensuring a strong and stable income stream. The building's historical character, combined with its prime location and strong financial performance, makes this a truly exceptional investment opportunity in one of Baltimore's most desirable neighborhoods. The property's unique character and loyal customer base contribute to its consistent success. This is a rare chance to acquire a piece of Baltimore history with significant financial upside.

    Property Features for 708 Bond St

    General Information

    Property type
    Restaurants
    Square Feet
    3,075 SF

    Building Details

    Year Built
    1858
    Buildings
    1
    Stories
    3

    HighLights

    • Three‑story, 3,075 sq ft retail property in Baltimore's Fells Point.
    • Located on a quiet street in Fells Point, offering accessibility and a secluded atmosphere.
    • 1858 building blending historical charm with modern amenities; C‑1 zoning (APN: 03‑07‑1809‑005).
    • Currently occupied by a well‑established restaurant and bar, generating $194,081 NOI and an 11.09% cap rate.
    • Asking price: $1,750,000.
    Property Profile Location Intelligence

    Current Use by Public Records

    One-Eyed Mike's American Restaurant

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Baltimore
    County
    Baltimore
    State
    Maryland
    Longitude
    -76.5954279
    Latitude
    39.2831568

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    FAQs

    What type of property is this?
    Restaurant - Prime Baltimore location, high NOI, strong cap rate.
    Where is this restaurant located?
    The property is located at 708 Bond St Baltimore, MD.
    What is the asking price?
    The asking price for this property is $1,750,000.
    What are key features of this property?
    This property features: Three-story, 3,075 sq ft retail property in Baltimore's Fells Point.; Located on a quiet street in Fells Point, offering accessibility and a secluded atmosphere.; 1858 building blending historical charm with modern amenities; C-1 zoning (APN: 03-07-1809-005).
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    708 Bond St Baltimore, MD 21231
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    Baltimore, MD 21231
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    708 Bond St Baltimore, MD 21231
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