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Long-Term Single Tenant | Event Space 316-318 Guilford Ave 24,719 SF 100% Leased Retail Building Online Auction Sale Baltimore, MD 21202
Investment Highlights
- 316-318 Guilford Avenue is a 24,719-square-foot, two-story commercial building situated on a 0.28-acre parcel zoned C-5-DC, Downtown Core Subdistrict.
- Leased to Ikonic Entertainment LLC for its venue, The Assembly Room, hosting year-round events for fundraisers, weddings, holiday parties, and more.
- Seamless access afforded by walkability to the Metro, adjacency to substantial parking facilities, and immediate proximity to Interstate 83.
- Currently built-out as an event space with contemporary elements blended into the property’s historic industrial design and a spacious rooftop deck.
- Strong single-tenant lease agreement with six years remaining on the term and 3% annual escalations, and the tenant has thrived here since 2022.
- At the heart of it all, within walking distance of the Inner Harbor, City Hall, plenty of upscale hotels, and dozens of eclectic restaurants.
Executive Summary
Acquire a piece of valuable Downtown Baltimore real estate with a robust, long-term in-place income stream.
316-318 Guilford Avenue spans 24,719 square feet across two stories with classic masonry construction from 1905, and new renovations made in 2018, including the roof, which is now an activated rooftop terrace that expands the usable area. Historic elements like charming brick walls, original steel beams, and open wood ceilings seamlessly coalesce with the venue’s modern finishes, custom fixtures, and stylish furniture. The property is situated on a 12,197-square-foot lot zoned C-5-DC, Downtown Core Subdistrict, and allows 170,755 buildable square feet for future redevelopment potential.
The property is fully leased to Ikonic Entertainment LLC, a seasoned hospitality operator that runs The Assembly Room, a unique, industrial-chic event space that hosts everything from intimate weddings to large corporate events. The tenant is responsible for the direct payment of electricity, natural gas, water, sewer, telephone, internet, and cable. Ikonic Entertainment LLC has been operating here since 2022, and the lease has six years remaining on the initial term and 3% annual escalations. Net operating income (NOI) is projected to exceed $257,000 in 2027.
Positioned near City Hall, the Inner Harbor, the Charles Center Metro Station, upscale hotels, and several parking decks in the immediate vicinity, 316-318 Guilford Avenue is an attractive and accessible location for events. This address is also close to dozens of high-profile economic drivers, including Mercy Medical Center, the T. Rowe Price Headquarters, Johns Hopkins University, the Under Armour Headquarters, and more, a major advantage to draw professional gatherings. The Baltimore MSA was recently ranked second for Best Regions for Tech Job Wages, Growth Rate in the Nation for Computer and Math Degree Holders, and Best Regions for New Startups, indicating the long-term demand for commercial destinations.
Property tours are available by appointment only. Please contact the listing broker to schedule.
316-318 Guilford Avenue spans 24,719 square feet across two stories with classic masonry construction from 1905, and new renovations made in 2018, including the roof, which is now an activated rooftop terrace that expands the usable area. Historic elements like charming brick walls, original steel beams, and open wood ceilings seamlessly coalesce with the venue’s modern finishes, custom fixtures, and stylish furniture. The property is situated on a 12,197-square-foot lot zoned C-5-DC, Downtown Core Subdistrict, and allows 170,755 buildable square feet for future redevelopment potential.
The property is fully leased to Ikonic Entertainment LLC, a seasoned hospitality operator that runs The Assembly Room, a unique, industrial-chic event space that hosts everything from intimate weddings to large corporate events. The tenant is responsible for the direct payment of electricity, natural gas, water, sewer, telephone, internet, and cable. Ikonic Entertainment LLC has been operating here since 2022, and the lease has six years remaining on the initial term and 3% annual escalations. Net operating income (NOI) is projected to exceed $257,000 in 2027.
Positioned near City Hall, the Inner Harbor, the Charles Center Metro Station, upscale hotels, and several parking decks in the immediate vicinity, 316-318 Guilford Avenue is an attractive and accessible location for events. This address is also close to dozens of high-profile economic drivers, including Mercy Medical Center, the T. Rowe Price Headquarters, Johns Hopkins University, the Under Armour Headquarters, and more, a major advantage to draw professional gatherings. The Baltimore MSA was recently ranked second for Best Regions for Tech Job Wages, Growth Rate in the Nation for Computer and Math Degree Holders, and Best Regions for New Startups, indicating the long-term demand for commercial destinations.
Property tours are available by appointment only. Please contact the listing broker to schedule.
Offering Memorandum Click Here to Access
Data Room Click Here to Access
- Offering Memorandum
- Operating and Financials
- Purchase Agreement
Market Analytics Click Here to Access
Property Facts
Sale Type
Investment
Sale Condition
Auction Sale
Type of Ownership
Fee Simple
Property Type
Retail
Property Subtype
Bar
Building Size
24,719 SF
Building Class
C
Year Built/Renovated
1905/2018
Tenancy
Single
Building Height
2 Stories
Building FAR
2.03
Lot Size
0.28 AC
Opportunity Zone
Yes
Parcel Number
04-12-0607-001A
Zoning
C-5-DC - Downtown Core Subdistrict
Frontage
65’ on Guilford Ave
Amenities
- Signage
- Roof Terrace
- Air Conditioning
Exceptionally walkable
100/100
Fairly drivable
50/100
Exceptional public transit
100/100
Fairly bikeable
50/100
Demographics
Demographics
1 mile
3 mile
5 mile
2025 Population
40,855
265,959
517,946
2020 Population
40,851
253,938
524,845
2030 Population
40,645
267,386
514,022
2025-2030 Projected Population Growth
-0.5%
0.5%
-0.8%
Daytime Employees
102,876
209,278
298,151
Total Businesses
11,261
26,776
37,877
Average Household Income
$79,755
$86,443
$84,297
Median Household Income
$59,393
$59,776
$60,028
Total Consumer Spending
$507.8M
$2.9B
$5.4B
Median Age
36.0
36.4
37.3
2025 Households
23,618
121,658
219,960
Percent College Degree or Above
23%
18%
15%
Average Home Value
$361,383
$299,778
$276,523
Nearby Major Retailers
Sale Advisors
Sale Advisors
Benjamin Wilson, Senior Managing Director
Benjamin Wilson is an experienced commercial real estate broker with a demonstrated history of working in land, retail, development, mixed-use, and office product types. Benjamin is skilled in sales, public speaking, management, financial analysis, and leadership. Mr. Wilson holds a Bachelors of Science focused in Business Administration; Finance & Accounting from American University - Kogod School of Business. He is also a licensed broker in DC, Virginia, and Maryland.
Ian Weisz, Director
Since joining Greysteel in 2017 as an Investment Associate, Ian has consistently delivered results for his clients, earning a reputation for his strategic market insight, collaborative execution, and data-driven marketing. As a Director at Greysteel, Ian brings a deep understanding of local market dynamics and a client-focused approach to every assignment, advising both private and institutional clients on high-impact investment strategies throughout the District of Columbia, Maryland, and Northern Virginia. Ian represents both buyers and sellers of retail, mixed-use, and development properties in high-density, transit-oriented urban corridors. Ian also holds a Bachelor of Arts degree from Syracuse University and licenses in DC, Maryland, and Virginia.
Beckett Norris, Investment Sales Associate
Beckett Norris brings leadership and client service experience from management and analyst roles. His expertise spans leadership and team coordination in client-focused environments, strategic communication across diverse stakeholders, and support for business and project execution. Beckett received his Bachelor’s Degree in Business Administration from the College of Charleston.
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Auction Contact
Casey Harrell
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Videos
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Matterport 3D Tour
Photos
Street View
Street
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3% Transaction Fee
Based on Winning Bid Amount
Minimum Transaction Fee
$20,000
Maximum Transaction Fee
$300,000
Example Calculation
Winning Bid Amount
$5,000,000
Transaction Fee
$150,000 (3%)
Total Purchase Price
$5,150,000
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Long-Term Single Tenant | Event Space | 316-318 Guilford Ave
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