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    OFF-MARKET
    Investment properties

    1611 Bank St, Baltimore, MD 21231-2319

    3,020 SF 0.04 ac lot Built 1920
    Entity Owned 2-yr Hold Free & Clear
    Property ID
    US40-1526443
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Investment properties
    Use group OFFICE/RESIDENTIAL (MIXED USE)
    Year built 1920
    Construction BRICK
    Total area 3,020 SF
    Lot 0.04 ac (1,940 SF)
    Zoning code R-8
    APN 03-08-1435 -041
    UPID US40-1526443
    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
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
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    Blend (final) Blend
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    Owner & transaction history
    1611 Bank St LLC · 2 yrs held
    1611 Bank St LLC
    since 2024
    Last sale
    $275,000
    2 recorded transactions
    2024
    $200,000
    2015
    $275,000
    Zoning & alternative use
    R-8 · Baltimore, MD
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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