3415 Eastern Ave - Bank FOR SALE


Baltimore, MD 21224- Canton Square
$2,744,000 USD
516-456-6343
3415 Eastern Ave, Baltimore, MD for Sale
$2,744,000 USD
Bank - FOR SALE
1/12
null | 6.5% 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 compelling value-add opportunity to acquire a highly visible Bank of America branch at an attractive purchase price of $2,744,000, representing a 6.50% capitalization rate. Bank of America remains committed to the property through June 2028, providing approximately two years of secure in-place income while affording investors ample time to evaluate future leasing, redevelopment, repositioning, or owner-user strategies. Situated along Eastern Avenue, the property consists of an approximately 18,017-square-foot building on 0.49 acres and benefits from exposure to more than 21,600 vehicles per day. Its prominent location within one of Baltimore's most established commercial corridors provides exceptional visibility and accessibility. The current rental rate is below market, creating a significant mark-to-market opportunity upon lease expiration and the potential to materially increase both cash flow and asset value through strategic leasing efforts. Having served as a banking location for more than two decades, the property features approximately 24 dedicated off-street parking spaces—an increasingly scarce amenity in this dense urban market. The combination of a substantial building footprint, flexible floor plan, dedicated parking, and strong street presence positions the asset for a wide range of future uses, including medical, retail, educational, governmental, financial services, or specialty commercial occupancy. With more than 470,000 residents within a five-mile radius, this offering combines near-term income stability with significant long-term upside. Investors have the rare opportunity to acquire a well-located urban asset with secure cash flow today and multiple avenues for future value creation through lease-up, repositioning, or owner-user conversion.

FOR SALE DETAILS

PRICE

$2,744,000 USD

PRICE/SF

$152 USD /SF

CAP RATE

6.5%

% 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.