511 Caroline St Baltimore, MD 21231-2823
Property profile & analytics
511 Caroline St Baltimore, MD 21231-2823
- Turn key restaurants
- 3,500 SF
- 0.08 lot acres
Property ID
US40-1046817
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Turn key restaurants
Property Details for 511 Caroline St
- Year built
- 1982
- Construction
- BRICK
- Lot size
- 0.08 lot acres
- Property size
- 3,500 SF
- Zone code
- C-1
- Property type
- Turn key restaurants
- APN
- 03-07-1444 -041
- APU
- 3071444041
Description
This 7,000 square foot commercial building, located in Baltimore's Fells Point National Historic District at 511 S. Caroline St, is being offered via auction on November 20, 2024, at 11:00 AM. The two-story, semi-detached masonry building, constructed in 1982 and renovated in 2015 and 2016, sits on a 0.08-acre lot and is zoned C-1 Commercial. Previously operating as the Handlebar Café, the property currently features a restaurant setup, gym space, and office areas. The first floor includes a full kitchen with walk-in coolers, a bar, seating areas, and two powder rooms. The second floor offers a gym, dance studio, offices, and two locker rooms with showers. Additional features include a (currently inoperable) elevator, forced air heat, a fire alarm and security system, and heavy power (formerly served by five electric meters). Exterior features include a brick facade, glass roll-up door with curb cut, roll-up security doors, and a flat built-up roof. The sale is subject to a $50,000 deposit (or 10% if the sale price requires it) payable by cashier's check at the time of the auction. The property is sold "as is," subject to easements, agreements, restrictions, or covenants of record. Prospective buyers are urged to conduct their due diligence before the auction. A ground rent of $7.11 annually applies.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $745,000
- ML approach
- $705,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $500,000
Market price range: $252k - $500k -
Alternative Use
- Use
- Estimation
- RESTAURANT
- $795,000 Current use
- AUTO REPAIR, GARAGE
- $810,000 Change: +1% Conversion: Difficult
- OFFICE BUILDING
- $720,000 Change: -10% Conversion: Moderate
- NEIGHBORHOOD: SHOPPING CENTER
- $640,000 Change: -19% Conversion: Difficult
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Baltimore
- County
- Baltimore City
- State
- Maryland
- Longitude
- -76.5965
- Latitude
- 39.2851
- CBSA code
- 12580
- CBSA name
- BALTIMORE-TOWSON, MD METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$18,012
$109,700
$653,500
$763,200
-
$109,700
$653,500
$763,200
