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Property profile & analytics
OFF-MARKET Estimated value $1,480,000
Bars & Pubs

938 Conkling St Baltimore, MD 21224-5216

7,696 SF 0.09 ac lot Built 1913
Entity Owned 2-yr Hold ~ Est. High Equity
Property ID
US40-2366488
Property summary
AI-generated overview

This exceptional restaurant and event space is located in Baltimore's desirable Brewers Hill/Canton neighborhood at 938 S Conkling St, 21224. Completely renovated in 2009, this free-standing building boasts a chic design optimized for a high-end culinary experience. The property features multiple dining rooms and bathrooms on two levels, along with two dedicated private event spaces on the upper level. Each floor includes a large bar, and the building also offers outdoor balcony seating. The expansive, uniquely designed kitchen is complemented by a fully functional lower level with ample prep areas and multiple walk-in refrigerators and freezers. This turnkey opportunity includes an existing LB7 liquor license. Situated at the entrance to Brewers Hill, the property benefits from significant recent development, including over 2,000 newly constructed residential apartments with more under construction, creating a strong and affluent demographic base. This prime location has attracted substantial investment in the past five years, making this a truly exceptional opportunity for a discerning restaurateur or investor.

Property profile
Verified
Property type Bars & Pubs
Use group BAR, TAVERN
Year built 1913
Construction BRICK
Total area 7,696 SF
Lot 0.09 ac (3,815 SF)
Zoning code C-1
APN 26-07-6463 -048
UPID US40-2366488
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
  • Blue Hill Tavern Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.49M
Blend (final) Blend
$1.48M
Owner & transaction history
938sconkling LLC · 2 yrs held
938sconkling LLC
since 2024
Last sale
$1.5M
7 recorded transactions
2024
$1.5M
2021
Price N/A
2007
$660,000
1969
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
C-1 · Baltimore, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

ermitted and Conditional Uses Table 9-401 Rowhouse and Multi-Family Residential Districts - Bulk and Yard Regulations Table 10-301 Commercial Districts - Permitted and Conditional Uses Table 10-401 Commercial Districts (C-1 to C-4) - Bulk and Yard Regulations Table 10-401 Commercial Districts (C-5) - Bulk and Yard Regulations Table 11-301 Industrial District…

Zone name Neighborhood Business
General category COMMERCIAL
Zone area 726.10 ac
Top alternative use upside
Office building $2.2M +46.8%
Auto repair, garage $1.8M +16.2%
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