1225 Cathedral St
Baltimore, MD 21201
Auction:11/28 - 11/30: 1225 Cathedral Street · Retail Property For Sale

Property tours are available by appointment ONLY. Please contact Dan Flamholz to schedule at dan@greenspringrealty.com or 410-977-4738. Investment Highlights: ñ13,929 SF mixed-use building at signalized intersection in historic Baltimore neighborhood ñ34% occupied with in place income from long term tenant - Baltimore Theatre Project Excellent value-add opportunity with immediate upside through leasing up the vacant ñ9,193 SF restaurant space Turn-key restaurant space with street-level patio seating area, FF&E and liquor license available immediately Easy access to I-83 and minutes from Penn Station Culturally significant location with Baltimore Theatre Project as tenant, Joseph Meyerhoff Symphony Hall across street and Modell Lyric Performing Arts Center two blocks north Investment Overview: The opportunity is a 13,929 sq. ft. two-story (includes a basement), mixed use building on 0.16 acres in the Mid-Town Belvedere neighborhood of Baltimore, Maryland. The Property is located at 1225 Cathedral Street, minutes from Interstate 83 and the Penn Station rail complex. Built in 1920 and remodeled in 2011, the building is currently 34% occupied. The first floor and basemen The first floor and basement are currently vacant. This vacant space is set up as a turn-key restaurant and includes furniture, fixtures, equipment and a liquor license. Baltimore Theatre Project, Inc. leases the second floor and has been a tenant for over 15 years. A new lease was signed in December 2016 and expires December 2020. They have one (1), five (5) year renewal option. The Property is in the Downtown Baltimore City retail cluster market and the Baltimore Midtown retail submarket. Besides being close to rail transportation, there are four bus stops within a three-minute walk. The Property has a Very Walkable score of 94 and a Transit score of 81. Building and street mounted lighting provide exterior lighting. The average daily traffic count at the intersection of Park Biddle Avenue and Park Avenue, located less than 0.10 of a mile away, exceeds 13,800 vehicles per day. The Property is conveniently located in the heart of historic Baltimore. The distance to downtown Baltimore is approximately one mile to the south and is accessible via car or rail. Interstate 83, less than a mile from the Property, is the major highway corridor running northwest out of Baltimore, interse