111 Mercer St Baltimore, MD 21202-1022
- Bars
- 3,309 SF
- 0.03 lot acres
Current Use by Public Records
- Peter's Pour House / Breakfast Restaurant / Pub
Property Details for 111 Mercer St
- Year built
- 1905
- Construction
- BRICK
- Lot size
- 0.03 lot acres
- Property size
- 3,309 SF
- Zone code
- C-5TO
- Property type
- Bars
- Property subtype
- Pubs
- APN
- 04-11-0661 -020
- APU
- 4110661020
Description
This exceptional investment opportunity presents a fee-simple ownership of 111 Mercer Street, a thriving Baltimore restaurant. The 4,460 square foot, three-story building, situated on a 1,115 square foot lot (APN 04-22-0661-020), boasts a strong 10.13% cap rate and a 100% occupancy rate. The property, zoned C5-TO, is a single-tenant, net-lease (NNN) investment, offering significant passive income potential. Originally built in 1905 and extensively renovated in 2019, the building is exceptionally well-maintained. The restaurant, Peter's Pour House, has a long-standing history in the community (opened in 1974), enjoying a prime location a short walk from the Baltimore Inner Harbor and within a block of seven hotels. The asking price is $1,350,000, translating to $302.69 per square foot. This presents a rare chance to acquire a well-managed asset in a high-quality location with a proven, profitable tenant. The property's strong financials and desirable location make it an ideal addition to any investment portfolio.
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
- -76.613
- Latitude
- 39.2884
- CBSA code
- 12580
- CBSA name
- BALTIMORE-TOWSON, MD METROPOLITAN STATISTICAL AREA
