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Investment Highlights
- REAL ESTATE AUCTION - Online & In-Person Bidding Available
- Prime Mount Vernon Location
- Freestanding Building With Parking & Separate Parking Lot
- Value Add or Redevelopment Opportunity
Executive Summary
Owner’s sale of two adjoining three story brick buildings with parking (5 spaces) and a separate parking lot (additional 5 spaces) in the Mount Vernon are of Baltimore City. The buildings represent a value add or redevelopment opportunity, suitable for development for retail, multifamily, office or mixed-use. The parking lot is arranged for 5 parking spaces, and may also be suitable for future development. The properties are located in the cultural heart of the City, near MICA, UB, the Baltimore Symphony Orchestra and less than one mile from Penn Station. The auction provides an opportunity to purchase adjoining buildings with significant square footage, parking, favorable zoning and in a location surrounded by Baltimore’s primary attractions. There will be separate and entirety offerings for both parcels.
Property Facts
Sale Type
Investment or Owner User
Property Type
Building Size
3,000 SF
Building Class
B
Year Built/Renovated
1880/2004
Price
$150,000
Price Per SF
$50
Percent Leased
Vacant
Tenancy
Multiple
Building Height
3 Stories
Building FAR
0.86
Lot Size
0.08 AC
Zoning
C-1 - C-1 Commercial, allowing for a variety of commercial and residential uses.
Parking
10 Spaces (3.33 Spaces per 1,000 SF Leased)
Exceptionally walkable
100/100
Fairly drivable
40/100
Exceptional public transit
90/100
Moderately bikeable
70/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 0503-013 | Improvements Assessment | $109,600 |
| Land Assessment | $100,000 | Total Assessment | $209,600 |
Property Taxes
Parcel Number
0503-013
Land Assessment
$100,000
Improvements Assessment
$109,600
Total Assessment
$209,600
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