3415 Eastern Ave - Bank FOR SALE


Baltimore, MD 21224- Canton Square
$3,102,000 USD
516-456-6343
3415 Eastern Ave, Baltimore, MD for Sale
$3,102,000 USD
Bank - FOR SALE
1/12
null | 5.75% Cap Rate

3415 Eastern Ave
Baltimore, MD 21224
Canton Square


HIGHLIGHTS

  • Long Term Operating History
  • Positioned along Eastern Ave, seeing over 21,600 VPD
  • Features roughly two dozen rare o-street parking spaces

OVERVIEW

This offering presents a rare opportunity to acquire a Bank of America–leased asset featuring an investment-grade tenant with an A1/A- credit rating and corporate guarantee, providing strong security of income. Priced at $3.1M at a 5.75% cap, the property offers a stable, passive investment with a NN lease structure and minimal landlord responsibilities, along with 5% rent increases every five years. The location has demonstrated over 20 years of operating history and is designated as a “Banking Center,” supporting business banking operations and reinforcing long-term tenancy. The branch reports over $134M in deposits, highlighting its strong performance and entrenched presence in the market. Situated along Eastern Avenue with traffic counts exceeding 21,600 vehicles per day, the asset benefits from excellent visibility in a dense infill Baltimore location with over 470,000 residents within a 5-mile radius. Additionally, the property features a sizable 18,017 SF building on 0.49 acres and includes approximately two dozen rare off-street parking spaces—an increasingly scarce and highly valuable amenity in this dense urban corridor, further enhancing its long-term real estate value.

FOR SALE DETAILS

PRICE

$3,102,000 USD

PRICE/SF

$172 USD /SF

CAP RATE

5.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Bank

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1910

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.49 AC

LAND SF

21,519 SF

ZONING

C-2

APN/PARCEL ID

6424-014

ASK ABOUT THIS PROPERTY

Blake BenitezSilber Investment Properties, LTDMore Info
516-456-6343

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Blake BenitezSilber Investment Properties, LTDMore Info
516-456-6343

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.