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Property profile & analytics
FOR SALE
Bars & Pubs

111 Mercer St Baltimore, MD 21202

3,309 SF 0.03 ac lot Built 1905
Individually Owned Absentee Owner Free & Clear
Property ID
US40-1181659
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Bars & Pubs
Use group BAR, TAVERN
Year built 1905
Construction BRICK
Total area 3,309 SF
Lot 0.03 ac (1,115 SF)
Zoning code C-5TO
APN 04-11-0661 -020
UPID US40-1181659
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Peter's Pour House Nightclub Bar & Pub
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
PETER G KIMOS
PETER G KIMOS
Zoning & alternative use
C-5TO · Baltimore, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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