3415 Eastern Ave 18,017 SF Retail Building Baltimore, MD 21224 $3,814,901 CAD ($211.74 CAD/SF) 6.50% Cap Rate

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.