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One Eyed Mike's 708 S Bond St

3,075 SF Retail Building Baltimore, MD 21231 $1,750,000 ($569/SF) 11.09% Cap Rate

Investment Highlights

  • Retail Property Occupied by a Well-Known Restaurant and Bar
  • 18th-Century Building Blends Old-World Character and Modern Amenities
  • Growing Tourism Provides Excellent Foot Traffic and Consistent Business for Dining Establishments
  • Situated on a Quiet Block of Bond Street Near the Center of Fells Point
  • Favored by Locals and Offers a Retreat from the Usual Crowded Nightlife Spots

Executive Summary

The property and the business are for sale together which is reflected in the list pricing.
Marcus & Millichap is pleased to offer for sale the retail property located at 708 South Bond Street in Baltimore, Maryland. It is
currently occupied by One-Eyed Mike’s, a well-known restaurant and bar, famed for its excellent food and top-tier service. The
property’s history is an integral part of its charm. As part of Fells Point, a neighborhood dating back to the 18th-century, the
building embodies the rich architectural legacy of Baltimore. The restaurant occupies a historic structure, offering a blend of
old-world character with modern amenities, appealing to those who appreciate authenticity and timeless appeal.
Baltimore’s downtown waterfront neighborhoods, including Harbor East, Canton, and Fells Point, are some of the most dynamic
and rapidly evolving areas in the city. Fells Point is one of the oldest and most vibrant of these neighborhoods, known for its rich
maritime history, cobblestone streets, and a thriving mix of residential, retail, and entertainment options. The neighborhood
gets its charm from the 18th-century architecture and the historic rowhomes. It offers a unique blend of history and modern
amenities, making it a favorite destination for both locals and visitors. Fells Point boasts over 120 bars and restaurants,
including popular spots like Anchor Tavern at The Admiral Fell Inn and The Thames Street Oyster House. Unlike many of the
restaurants and taverns clustered in the heart of Fells Point, One-Eyed Mike’s location on Bond Street gives it a distinctive
identity. The property provides easy access to the main attractions of Fells Point, while offering a more secluded and welcoming
atmosphere, a quality appreciated by its loyal local following. Since opening in 2003, One-Eyed Mike’s has built a loyal customer
base, becoming widely known for its high-quality service and welcoming environment. Regulars are greeted by name, and the
staff fosters a sense of community that makes the restaurant a favorite among locals. The restaurant’s signature “Shot In The
Dark” tradition, where patrons enjoy a shot of Grand Marnier, is a testament to the establishment’s quirky, yet endearing
character. One-Eyed Mike’s is home to an exclusive Grand Marnier bottle club, where patrons store their personal bottles in the
restaurant. This unique feature has fostered a global community of over 3,500 members, further cementing the restaurant’s
status as a local and international favorite.

Financial Summary (Actual - 2023) Click Here to Access

Annual Annual Per SF
Gross Rental Income - -
Other Income - -
Vacancy Loss - -
Effective Gross Income - -
Net Operating Income $99,999 $9.99

Financial Summary (Actual - 2023) Click Here to Access

Gross Rental Income
Annual -
Annual Per SF -
Other Income
Annual -
Annual Per SF -
Vacancy Loss
Annual -
Annual Per SF -
Effective Gross Income
Annual -
Annual Per SF -
Net Operating Income
Annual $99,999
Annual Per SF $9.99

Property Facts

Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
3,075 SF
Building Class
C
Year Built
1858
Price
$1,750,000
Price Per SF
$569
Cap Rate
11.09%
NOI
$194,081
Tenancy
Single
Building Height
3 Stories
Building FAR
1.39
Land Acres
0.05 AC
Zoning
C-1 - Neighborhood Commercial - a neighborhood commercial zoning category that allows for small-scale businesses and residential uses
Frontage
18 FT on S Bond

Amenities

  • Restaurant
  • Air Conditioning
Walk Score ®
Walker's Paradise (99)
Transit Score ®
Excellent Transit (84)
Bike Score ®
Very Bikeable (86)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

Nearby Major Retailers

The Greene Turtle Sports Bar& Grille
Jpmorgan Chase & And Co
Starbucks
F45
Bank of America
Truist
Nando's PERi-PERi
Wells Fargo
Orangetheory Fitness
The Bistro

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
03-07-1809-005
Land Assessment
$228,500
Improvements Assessment
$293,200
Total Assessment
$521,700
  • Listing ID: 33594143

  • Date on Market: 10/22/2024

  • Last Updated:

  • Address: 708 S Bond St, Baltimore, MD 21231

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