For Sale
$1,750,000

708 Bond StBaltimore, MD 21231

Prime Baltimore location, high NOI, strong cap rate.

Overview

Added:
Dec 11, 2024
Days on market:
119
This exceptional investment opportunity presents a three-story, 3,075 square foot retail property located at 708 S. Bond St in Baltimore, MD's vibrant Fells Point neighborhood. Built in 1858, this C-1 zoned building (APN: 03-07-1809 -005) boasts significant historical charm blended seamlessly with modern amenities. Currently occupied by a well-established and popular restaurant and bar, the property generates a substantial Net Operating Income (NOI) of $194,081, resulting in an attractive 11.09% capitalization rate. The asking price is $1,750,000. Situated on a quieter street within Fells Point, this location offers a unique blend of accessibility to the area's main attractions and a more secluded, welcoming atmosphere, appealing to both locals and tourists. The property benefits from the area's thriving tourism and consistent foot traffic, ensuring a strong and stable income stream. The building's historical character, combined with its prime location and strong financial performance, makes this a truly exceptional investment opportunity in one of Baltimore's most desirable neighborhoods. The property's unique character and loyal customer base contribute to its consistent success. This is a rare chance to acquire a piece of Baltimore history with significant financial upside.

Highlights

  • Three-story, 3,075 sq ft retail property in Baltimore's Fells Point.
  • Located on a quiet street in Fells Point, offering accessibility and a secluded atmosphere.
  • 1858 building blending historical charm with modern amenities; C-1 zoning (APN: 03-07-1809-005).
  • Currently occupied by a well-established restaurant and bar, generating $194,081 NOI and an 11.09% cap rate.
  • Asking price: $1,750,000.

Property Details for 708 Bond St

Property type
Retail properties, Restaurants
Square Feet
3,075 SF
Year Built
1858
Buildings
1
Stories
3

Location Insight

City
Baltimore
County
Baltimore City
State
Maryland
Latitude
39.2831568
Longitude
-76.5954279
708 Bond St, Baltimore, Maryland

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708 Bond St
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