Investment Overview

Marcus & Millichap is pleased to present 514 South Broadway, a fully leased mixed-use investment opportunity located in Baltimore’s Southeast submarket. Originally constructed in 1920 and renovated in 2021, the property consists of approximately 3,730 square feet of gross leasable area across three stories and sits on a 0.05-acre parcel with eighteen feet of frontage along South Broadway. The property is in one of Baltimore’s most vibrant urban districts, with a Walk Score of 99 (Walker’s Paradise) and a Transit Score of 84 (Excellent Transit). This walkability provides residents and patrons with immediate access to restaurants, retail, entertainment, and transportation throughout the city. The offering features a high-visibility restaurant tenant, Creole Soul Kitchen & Bar, occupying the ground-floor and second-floor lounge area commercial space, along with two studio apartments located on the upper floors. Each residential unit measures approximately 646 square feet and is currently leased at $1,050 per month, providing steady residential income in a highly walkable neighborhood. With 100 percent occupancy, the property generates reliable cash flow supported by both retail and residential demand drivers. The asset benefits from strong financial performance with projected Year 1 Effective Gross Income of approximately $98,796. Additionally, the investment is projected to deliver a Year 1 Net Operating Income of approximately $75,595 and a Cap Rate of approximately 9.45%. Annual cash flow after debt service is estimated at approximately $36,145, a Cash-on-Cash return of nearly 13%, and a projected total return of over 15% under conservative expense assumptions and modest revenue growth. The combination of strong cash flow, mixed-use income streams, and a highly walkable urban location positions 514 South Broadway as an attractive investment opportunity in a stable and active neighborhood.