1427 W Baltimore St 3,690 SF 100% Leased Retail Building Baltimore, MD 21223 $299,900 ($81.27/SF)

Available in Union Square is a prime value-added opportunity featuring a mixed-use building comprised of commercial/retail space on the ground floor and two residential apartments situated on the second and third floors. The property will be delivered vacant and is ready for customization to suit your preferences. Nestled within the Union Square-Hollins Market historic district, this Southwest Baltimore neighborhood is renowned for its Italianate and Federal-style rowhomes, as well as its signature 2.5-acre park. Union Square offers a dynamic urban environment, housing art galleries, artist studios, the lifelong residence of H. L. Mencken, and impressive three-story Italianate and Victorian rowhouses. Locally referred to as "Sowebo" (Southwest Baltimore), Union Square is conveniently located less than one mile from Camden Yards and within walking distance of the Inner Harbor. This historic brick-front mixed-use building resides in a rapidly developing commercial district and boasts beautiful architectural features across three stories. While the building requires cosmetic updates to restore it to its former grandeur, its excellent layout includes a classic storefront with two prominent display windows and an original tin ceiling. The showroom retail area measures approximately 17' x 30', complemented by two additional rooms at the rear and a half bath accessible via the rear entrance, often used by business operators coming from the detached three-car garage. A separate side entrance provides access to the two upper-floor apartments. The second-floor apartment features a spacious great room accentuated by three tall Art Deco-style windows, providing ample natural light. This versatile space is ideal for a studio, office, or combined living/dining area. Two 15-pane windowed doors open to a full-sized eat-in kitchen. Additional amenities include a full bathroom, a separate bedroom, and a potential second bedroom. The third-floor apartment, while requiring further attention, presents significant potential for comfortable tenant living. With prices still favorable, this represents an attractive investment opportunity. Each unit is equipped with individual water heaters, gas, and electric meters.