For Sale
$1,350,000

111 Mercer StBaltimore, MD 21202

Established Restaurant, High ROI, NNN Lease

Overview

Added:
Dec 11, 2024
Days on market:
116
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 City
State
Maryland
Latitude
39.2884051
Longitude
-76.6129977
111 Mercer St, Baltimore, Maryland

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111 Mercer St
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