1611 Bank St, Baltimore, MD 21231-2319
This exceptional 1700-square-foot restaurant space is ideally situated in the vibrant Fells Point submarket of Baltimore. Currently configured as a restaurant, this single-tenant property offers significant versatility and is suitable for a variety of food service concepts, including cafes, pizza shops, or catering businesses. The space boasts two convenient walk-in refrigerators, a main floor bathroom for customer use, and valuable upstairs storage for inventory or supplies. Modern updates include central air conditioning and recently upgraded lighting, ensuring a comfortable and efficient environment for both staff and patrons. The property benefits from excellent foot traffic, further enhanced by a nearby condominium development slated for completion by the end of 2024, promising increased customer flow and visibility. Tenants are responsible for utilities. For those seeking a fresh start, the possibility of negotiating assistance with complete renovations is available. This presents a unique opportunity to establish or relocate a thriving business in a highly desirable and rapidly developing area of Baltimore. The property's adaptable layout and prime location make it an exceptional investment opportunity.
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
R-8 · Baltimore, MDBaltimore. Always verify with local authorities before improvements.
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.