1750 Eastern Ave
Baltimore, MD 21231
Retail Property For Sale

Located in Upper Fells Point, 1748–1750 Eastern Avenue is a 9,013 SF mixed-use property generating approximately $112,248 in current gross annual income with meaningful upside as rents across both the residential and commercial units are below current market rates. The property includes five residential units and 3,300 SF of commercial space anchored by Lorena's Mini Market on a five-year lease through March 2031 with annual rent escalations. The nail salon tenant is in its final lease year, presenting a near-term re-leasing opportunity at market rates of $15.50 per SF. One vacant residential unit offers immediate value-add potential at a market rent of $1,200 per month or better. The building features a two-year-old roof, a perfect walkability score of 100, and sits 18 minutes from Johns Hopkins Hospital in one of Baltimore's most transit-friendly urban corridors. At $1,550,000, the anchor tenant is locked through 2031, the major capital work is done, and the upside is tangible, not speculative.