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1609 St. Paul St 2,810 SF 100% Leased Office Building Baltimore, MD 21202 $650,000 ($231.32/SF)



EXECUTIVE SUMMARY
Gem multifamily with 4 oversized units. There are 3 one-bedroom units and one basement studio. All are very large and some can possibly be converted to two-bedroom units . The property was renovated in 2016, and retains it's historic charm. New TPO roof about 2 years old. The building sits directly across Amtrak's Penn Train Station, making your ride in/out of state a breeze. The station is slated for renovation and the addition of an urban shopping experience. There is a parking pad in the back for 2 cars. The property is under CHAP tax through 2027. Value add opportunity by raising the rents to reflect market.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Office
Building Size
2,810 SF
Building Class
B
Year Built/Renovated
1900/2016
Price
$650,000
Price Per SF
$231.32
Percent Leased
100%
Tenancy
Multiple
Building Height
4 Stories
Typical Floor Size
937 SF
Slab To Slab
10’
Building FAR
1.46
Lot Size
0.04 AC
Opportunity Zone
Yes
Zoning
commercial
Parking
2 Spaces (0.71 Spaces per 1,000 SF Leased)
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Walk Score®
Walker's Paradise (94)
Transit Score®
Rider's Paradise (93)
Bike Score®
Very Bikeable (87)
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1609 St. Paul St
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