6000 Eastern AveBaltimore, MD 21224

Property Details for 6000 Eastern Ave

Year built

1927

Construction

BRICK

Lot size

0.06 AC

Property size (Sq ft)

3,640 SF

Zone code

C-1

Property type

Retail properties

Property subtype

Bars

APN

26-17-6341 -001

APU

26176341001

Description

This 3,640 square foot retail property at 6000 Eastern Avenue in Baltimore, MD, presents a unique investment opportunity. Built in 1927, this corner lot (0.06 acres) is zoned B032 and currently operates as a fully equipped restaurant and bar. The sale includes all restaurant and bar equipment and a valuable liquor license. Note that the liquor and beer inventory is sold separately. The adaptable space allows for diverse culinary concepts and branding, offering significant potential for customization. This turnkey operation is ready for immediate use, eliminating the need for extensive renovations or setup. The property's prime location in Baltimore, MD (zip code 21224) provides excellent visibility and accessibility. This is an exceptional chance to acquire a thriving business with significant upside potential in a desirable location. The property's existing infrastructure and included liquor license represent a substantial value proposition for prospective buyers. The flexible layout allows for creative adaptation to various restaurant and bar themes. This is a rare opportunity to own a fully operational establishment with minimal start-up costs.

• CAP approach

  CAP return

  Valuation

  6%

  $1,153,756

  6.5%

  $1,065,006

  7%

  $988,934

• Comparable approach

  Method

  Valuation

  Relative Method

  $577,061

  Geo Method

  $577,061

• Alternative Use

  Use

  Valuation

  Residential

  $898,372

  Hospitality

  $822,904

  Educational

  $684,646

  Medical

  $708,192

  Retail

  $1,065,006

Location Insight

City

Baltimore

County

Baltimore City

State

Maryland

Latitude

39.2878

Longitude

-76.5446

CBSA code

12580

CBSA name

BALTIMORE-TOWSON, MD METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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