708 Bond StBaltimore, MD 21231

Property Details for 708 Bond St

Year built

1920

Construction

BRICK

Lot size

0.05 AC

Property size (Sq ft)

3,075 SF

Zone code

C-1

Property type

Investment properties

Property subtype

Live-work space

APN

03-07-1809 -005

APU

3071809005

Description

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.

• CAP approach

  CAP return

  Valuation

  6%

  $663,041

  6.5%

  $612,038

  7%

  $568,321

• Comparable approach

  Method

  Valuation

  Relative Method

  $193,448

  Geo Method

  $193,448

• Alternative Use

  Use

  Valuation

  Residential

  $758,927

  Hospitality

  $695,173

  Educational

  $578,376

  Medical

  $598,267

  Retail

  $899,696

Location Insight

City

Baltimore

County

Baltimore City

State

Maryland

Latitude

39.2831

Longitude

-76.5955

CBSA code

12580

CBSA name

BALTIMORE-TOWSON, MD METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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