For Sale
$1,350,000

111 Mercer St Baltimore, MD 21202

Established Restaurant, High ROI, NNN Lease

Property Records

Overview

Added:
Dec 11, 2024
Days on market:
139
This exceptional investment opportunity presents a fee-simple ownership of 111 Mercer Street, a thriving Baltimore restaurant. The 4,460 square foot, three-story building, situated on a 1,115 square foot lot (APN 04-22-0661-020), boasts a strong 10.13% cap rate and a 100% occupancy rate. The property, zoned C5-TO, is a single-tenant, net-lease (NNN) investment, offering significant passive income potential. Originally built in 1905 and extensively renovated in 2019, the building is exceptionally well-maintained. The restaurant, Peter's Pour House, has a long-standing history in the community (opened in 1974), enjoying a prime location a short walk from the Baltimore Inner Harbor and within a block of seven hotels. The asking price is $1,350,000, translating to $302.69 per square foot. This presents a rare chance to acquire a well-managed asset in a high-quality location with a proven, profitable tenant. The property's strong financials and desirable location make it an ideal addition to any investment portfolio.

Highlights

  • $1,350,000 asking price for this 4,460 square foot restaurant.
  • Net lease investment opportunity with a 10.13% cap rate.
  • 100% occupancy with a single tenant, Peter's Pour House, established in 1974.
  • Located at 111 Mercer St, Baltimore, MD 21202, a short walk from the Inner Harbor and near seven hotels.
  • Three-story building, built in 1905 and renovated in 2019, situated on a 1,115 square foot lot.

Property Details for 111 Mercer St

Property type
Retail properties, Restaurants
Square Feet
4,460 SF
Year Built/Renovated
1905/2019
Buildings
1
Stories
3

Location Insight

City
Baltimore
County
Baltimore
State
Maryland
Latitude
39.2884051
Longitude
-76.6129977

FAQs

What type of property is this?
Retail property - Established Restaurant, High ROI, NNN Lease
Where is the retail property located?
The property is located at 111 Mercer St Baltimore, MD.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: $1,350,000 asking price for this 4,460 square foot restaurant.; Net lease investment opportunity with a 10.13% cap rate.; 100% occupancy with a single tenant, Peter's Pour House, established in 1974.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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111 Mercer St
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