111 Mercer St Baltimore, MD 21202
For Sale
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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.
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Peter's Pour House Nightclub Bar & Pub
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
C-5TO · Baltimore, MDBaltimore. Always verify with local authorities before improvements.
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.