Property History
Triple Net Investment Group is pleased to present 632 S Broadway, Baltimore, MD & 700 S Broadway, Baltimore MD two fully leased mixed use properties for purchase individually or as a portfolio. They both consist of a lower-level retail unit leased by Subway and Todd Conner's, a popular destination in Fells Point. 632 S Broadway and 700 S Broadway each have two (2) one bedroom residential units on the 2nd and 3rd floors. Subject Properties are 100% leased and each have been owned by the same Landlord since approximately 1928-1930, a self-made candy and tobacco distributor that used these locations as his operations headquarters. Subject Properties are located on Hard Corners in the historic district of Fells Point a dynamic, must see destination for locals and visitors alike embodying the true spirit of Baltimore. The location has excellent walkability for its tenants. Location is a live, work , play community that has large amount of square footage dedicated just for residential. Nestled along the cobblestone streets and charming waterfront Fell’s Point Main Street is home to more than 100 small businesses. It’s known for its hip pubs and taverns, many with live music, as well as seafood joints serving Chesapeake Bay crab and oysters. Small galleries, record stores, fashion boutiques and eclectic restaurants line the cobblestone streets along the harbor and Historic main square. Location is minutes away from Harbor East, a newer development along the waterfront, Harbor Point, Little Italy Camden Yards and M&T Bank Stadium where the Oriole’s and Ravens play respectively.
700 S Broadway
Todd Conner’s is the retail tenant and has been at this location since 2018. They have a current lease that expires 3/31/31. 700 S has two oversized residential apartments, units 200 & 300 that are under two year leases with approximately 1600 SF each. The units have granite kitchen countertops, all new stainless steel appliances, overhead lighting, washer/dryer, window treatment and fully tiled bathroom with glass shower door. The units have 2 means of entry . Residential units are leased up immediately when they become available. Structure is all brick, roof was replaced within the last 10 years and has no issues. Property has been meticulously maintained and is in pristine condition. Property is located in the Historic Fells Point District.
Below Market Rent - Residential Units in the vicinity are $35-$41 a square foot.
Dense Populated Area – +120,000 people in a 1-mile radius, excellent walkability
Great Retail Location - Excellent visibility along South Broadway and in the Certified Historic District of Fells Point , minutes away from Harbor East, Harbor Point, Little Italy Camden Yards and M&T Bank Stadium.
Fully Leased Investment Opportunity - Property has a strong tenant in Todd Conner’s which has a fells point go to destination since 2018, residential units are leased up immediately when vacancy arises.
Hard Corner—property located on intersection of S Broadway and Aliceanna Street 11,005 VPD
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