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    FOR SALE
    Investment properties

    514 S Broadway, Baltimore, MD 21231

    3,730 SF 0.05 ac lot Built 1920
    Entity Owned 7-yr Hold ~ Est. High Equity
    Property ID
    US40-0041338
    Property summary
    AI-generated overview

    This exceptional mixed-use property at 514 S Broadway in Baltimore, MD, presents a unique owner-user or investment opportunity. Located in the vibrant Fells Point neighborhood, this property boasts a recently renovated 80-seat restaurant and bar space, ideal for a variety of culinary concepts. The building's prime location on Broadway offers significant street frontage (18 feet) and benefits from high foot traffic throughout the day and night, ensuring excellent visibility and potential for strong revenue generation. Adding to its appeal, the property includes two apartments situated on the upper levels, providing additional income streams or housing options for the owner. The asking price is $1,200,000. The restaurant space features fully renovated fixtures, furniture, and equipment (FF&E), minimizing upfront investment costs for a new operator. This turnkey operation is ready for immediate occupancy and presents a rare chance to establish a thriving business in one of Baltimore's most sought-after locations. The property's combination of commercial and residential space offers a compelling investment opportunity with diverse income potential. The zip code is 21231. This is a vacant property.

    Property profile
    Verified
    Property type Investment properties
    Use group OFFICE/RESIDENTIAL (MIXED USE)
    Year built 1920
    Construction BRICK
    Total area 3,730 SF
    Lot 0.05 ac (2,394 SF)
    Zoning code C-1
    APN 02-05-1445 -007
    UPID US40-0041338
    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
    • A - BLP Painting Services & Dryer Vent Cleaning Services Co, MD Painting Service General Contractor
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $405k
    CAP Approach CAP
    $790k
    Comparable Approach Comparable
    $877k
    Blend (final) Blend
    $660k
    Owner & transaction history
    514 S Broadway LLC · 7 yrs held
    514 S Broadway LLC
    since 2019
    7 recorded transactions
    2019
    2019
    $710,000
    2007
    $390,000
    2002
    $275,000
    1969
    1969
    1969
    Zoning & alternative use
    C-1 · Baltimore, MD
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Auto repair, garage $860,000 +39.8%
    Office building $765,000 +24.4%
    Neighborhood: shopping center $685,000 +11.0%
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    More about this property
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