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Premier Multi-family Conversion Oportunity 219-225 E Baltimore St 33,000 SF Vacant Retail Building Baltimore, MD 21202 $1,765,000 ($53.48/SF)
Investment Highlights
- Adaptive reuse oportunity
- Heavy foot traffic directy in the heart of downtown baltimore
- Potential Multifamily conversion
- Land Assembalge potential
- Directly adjacent to the two new redevelopment projects
- Seller financing available to qualified buyers
Executive Summary
AHRG has been exclusively retained to present a rare opportunity to acquire a prime mixed-use asset at 219-225 E. Baltimore St., located in the heart of downtown, Baltimore City. This building is a 33,000-square-foot mixed-use retail property that is 100% vacant and ready to be redeveloped for adaptive reuse.
The owner also possesses architectural plans aimed at redeveloping the upper level into residential lofts.
Active and Scheduled Redevelopment: This building is situated directly adjacent to two planned office-to-multifamily conversions, all located on the same block (231 E Baltimore St and 201 E Baltimore).
Land Assembly Opportunity: Should a developer or new operator seek to increase the permissible buildable square footage, multiple owners have expressed willingness to proceed with a disposition, contingent on the price guidance aligning with their expectations.
The owner also possesses architectural plans aimed at redeveloping the upper level into residential lofts.
Active and Scheduled Redevelopment: This building is situated directly adjacent to two planned office-to-multifamily conversions, all located on the same block (231 E Baltimore St and 201 E Baltimore).
Land Assembly Opportunity: Should a developer or new operator seek to increase the permissible buildable square footage, multiple owners have expressed willingness to proceed with a disposition, contingent on the price guidance aligning with their expectations.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
33,000 SF
Building Class
C
Year Built
1910
Price
$1,765,000
Price Per SF
$53.48
Percent Leased
Vacant
Tenancy
Multiple
Building Height
4 Stories
Building FAR
4.46
Lot Size
0.17 AC
Opportunity Zone
Yes
Zoning
C-5TO - A zoning district for downtown and mixed use. Prospective buyer to verify.
Frontage
50’ on Baltimore St
Amenities
- Bus Line
Exceptionally walkable
100/100
Moderately drivable
70/100
Exceptional public transit
100/100
Moderately bikeable
60/100
Nearby Major Retailers
Fogo de Chão
Property Taxes
| Parcel Number | 0650-009 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $1,021,733 |
Property Taxes
Parcel Number
0650-009
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$1,021,733
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Premier Multi-family Conversion Oportunity | 219-225 E Baltimore St