829 Eastern Ave 8,119 SF Retail Building Baltimore, MD 21202 $2,684,721 CAD ($330.67 CAD/SF)

• 2024 Gross Sales: $942,000
• Total Square Footage: 8,922 SF
• Zoning: Commercial / Mixed-Use
• Liquor License: Class B — Beer, Wine & Liquor | 6 AM to 2 AM, 7 Days a Week
• Seating Capacity: Total 220
o First Floor: 80
o Second Floor: 120
o Outdoor Patio: 20
Summary
An exceptional opportunity to acquire a fully operational, long-established restaurant property in one of Baltimore’s most sought-after neighborhoods. Dalesios of Little Italy offers a rare blend of turn-key restaurant infrastructure, high visibility, prime walkability, and a built-in revenue supplement from a fully furnished top-floor residential apartment. Located at the convergence of Harbor East and historic Little Italy, the property benefits from a strong local following, continuous tourist traffic, and growing residential and commercial development in the area.
SECTION 2: PROPERTY DETAILS & FEATURES
Interior & Dining Layout
• Multiple formal dining rooms across two floors
• Ideal layout for private parties, banquets, and large group dining
• French doors throughout providing natural light and elegance
• Rich wood finishes and classic carpeted flooring
• Tastefully designed dining furniture throughout
• Private second-floor patio space with city views
Bar Area
• Located on the first floor
• Equipped with Toast POS
• Designed for service — does not include customer bar seating
• Efficient for high-volume drink operations
Kitchen & Back of House
• 16-Foot Commercial Grease Hood
• Four Separate 6-Burner Ranges with Ovens
• Two-Basket Fryer
• Stainless Steel Prep Areas & Appliances
• Walk-In Refrigerator & Reach-In Freezer
• Commercial Mixer
• Brand New Grease Trap
• Poured Concrete Flooring for Heavy-Duty Use
Residential Unit (Third Floor)
• Fully Furnished 2-Bedroom, 2-Bath Apartment
• Private Access, High-End Finishes
• Ideal for Owner-Operator or Long-Term Rental
• Generates Added Income Stream or Housing Value
• HVAC Updated in Last 3 Years
• Roof Updated Within Last 10 Years
SECTION 3: LOCATION ADVANTAGES
Harbor East
A dynamic, high-demand waterfront district anchored by luxury condos, upscale hotels, Class-A office buildings, and nationally recognized dining establishments. Harbor East is a hub for affluent residents, young professionals, and corporate travelers.
Little Italy
A culturally rich, historic neighborhood known for its long-standing Italian-American community, popular festivals, and destination restaurants. It adds unmatched authenticity and charm to the location — with Dalesio’s recognized as a landmark institution for nearly four decades.
Walkability & Accessibility
• Heavy pedestrian traffic, both daytime and evening
• Surrounded by high-rise condos, hotels, and waterfront attractions
• Proximity to major attractions like the National Aquarium, Inner Harbor, and Pier Six Pavilion
• Easily accessible from I-83, I-95, and major Baltimore corridors
Neighboring Businesses & Anchors
• Fine dining: La Tavola, Tagliata, Amicci’s, Choptank, Bygone
• Retail: Whole Foods Market, CVS, Harbor East Cinemas
• Hospitality: Marriott Waterfront, Four Seasons Hotel Baltimore
• Office Tenants: Legg Mason Tower, Transamerica, Under Armour offices nearby
SECTION 4: INVESTMENT HIGHLIGHTS
1. Built-In Dual Revenue Opportunity
Not only is this a full-scale restaurant business, but the property includes a fully furnished residential unit — providing long-term rental income or convenient owner-operator housing. This added value is rarely found in restaurant acquisitions in Baltimore.
2. Fully Turn-Key Operation with High-End Equipment
The kitchen is exceptionally well-equipped and can support high-volume service immediately upon acquisition. With all major infrastructure in place, a buyer can avoid significant capital expenses and start operations from day one.
3. Prime Location with Upside Potential
Harbor East continues to grow as one of Baltimore’s premier real estate and retail investment zones. With steady redevelopment, tourism, and luxury condo expansion, this area offers long-term appreciation and visibility unmatched by most local markets.
SECTION 5: BUSINESS SNAPSHOT & USE FLEXIBILITY
Established Brand
Dalesio’s has served Baltimore for nearly 40 years and holds strong brand equity among both locals and tourists. The buyer may choose to continue operations under the existing name or rebrand under a new concept.
Operational Notes
• Multiple dining rooms allow for flexible layouts
• Event hosting is easily accommodated with dedicated areas
• Kitchen, finishes, and systems require no immediate updates
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PROPERTY SUMMARY AT A GLANCE
• Price: $1,950,000
• SF: 8,922
• Gross Sales (2024): $942,000
• Seating: 220 Total
• Liquor License: Class B (Full)
• Apartment: 2BR / 2BA – Fully Furnished
• Location: Harbor East on the border of Little Italy