Retail Business for Sale in Baltimore, MD

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Retail Business
  • Location: Baltimore, MD 21201

Description

924 N Charles St presents an exceptional opportunity to acquire a stabilized, NNN-leased restaurant property located in the heart of Baltimore’s Mount Vernon neighborhood, one of the city’s most architecturally rich and culturally energetic districts. This fully renovated asset benefits from major upgrades completed less than a decade ago, resulting in a high-quality hospitality environment supported by modern infrastructure, a state-of-the-art commercial kitchen, and thoughtfully designed dining and entertainment areas. Mount Vernon’s renowned blend of residential density, walkable amenities, academic institutions, boutique retailers, and landmark arts destinations creates a dynamic customer base and consistent foot traffic. Positioned along the prominent North Charles Street corridor, the property allows for seamless access to Baltimore Penn Station, the Central Business District, and the region’s primary roadways including I-83 and I-95. The combination of visibility, neighborhood appeal, and transit connectivity strengthens long-term tenant performance and enhances the asset’s desirability for investors seeking durable income. The existing long-term NNN restaurant lease offers passive, predictable cash flow with minimal landlord responsibilities, positioning the property as a low-touch investment ideal for both regional and out-of-market buyers. The interior layout includes multiple bars, a DJ booth, a lounge area, and an impressive atrium, creating a multi-level hospitality experience that aligns with today’s experiential dining trends. Off-street parking behind the building and ample street parking further support accessibility, a rare advantage in this historic neighborhood. Surrounded by Baltimore’s arts institutions, strong employment centers, and a growing residential base, 924 N Charles St stands as a compelling investment offering within a proven urban destination. The combination of updated infrastructure, stable tenancy, and a high-profile location pos

Market Context

This retail in Baltimore, MD is listed for sale. It has been on the market for 12 days. Compare it against other retail listings for sale in Baltimore, MD — <a href="/search/sale/retail/maryland/baltimore">view the full market</a>.

As of Q3 2023, the Baltimore retail market showed a 6.1% vacancy rate, average asking rents near $25.01/SF/yr, and cap rates around 6.8%. Source: Consensus Q3 2023 market report.

Retail market FAQ

What is the typical cap rate for retail in Baltimore?
About 6.8% as of Q3 2023, per Consensus.
Is the Baltimore retail market tightening or softening?
Vacancy is around 6.1% (Q3 2023).

Unified Estimate

Medium Confidence

$57.43/SF – $77.71/SF

Mid: $67.57/SF

Rate estimator only; cost-of-business estimate unavailable.

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