708 Bond St Baltimore, MD 21231
- Investment properties
- 3,075 SF
- 0.05 lot acres
Current Use by Public Records
- One-Eyed Mike's / American Restaurant / Bar
Property Details for 708 Bond St
- Year built
- 1920
- Construction
- BRICK
- Lot size
- 0.05 lot acres
- Property size
- 3,075 SF
- Zone code
- C-1
- Property type
- Investment properties
- Property subtype
- Live-work space
- APN
- 03-07-1809 -005
- APU
- 3071809005
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Baltimore
- County
- Baltimore City
- State
- Maryland
- Longitude
- -76.5955
- Latitude
- 39.2831
- CBSA code
- 12580
- CBSA name
- BALTIMORE-TOWSON, MD METROPOLITAN STATISTICAL AREA
