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231 E Baltimore St
Baltimore, MD 21202
Landmark Office Tower |Conversion Opportunity · Office Property For Sale
Investment Highlights
- Impressive 14-story office building situated with strategic visibility and accessibility on a desirable corner lot in Downtown Baltimore, Maryland.
- Dynamic acquisition for lease-up on a new basis or as a conversion opportunity for uses such as luxury multifamily or as a reputable upcoming hotel.
- Eligible for both state and federal tax credits, a rebate of 20% of hard costs upon delivery from each, taxes are frozen.
- Inner Harbor location with easy access to I-95 and I-295 and immediate proximity to millennial housing, walkable amenities, and public transportation.
- Exceptionally positioned near demand drivers, National Aquarium, Orioles Park at Camden Yards, M&T Bank Stadium, and the Historic Ships in Baltimore.
- Current Wine shop tenant for 2025 it is $36000, for 2026 it is $48,000 and for 2027 it is $60,000. From Jan 1, 2028, it increases 2.5% per year.
Property Facts
Sale Condition
Auction Sale
Type of Ownership
Fee Simple
Property Type
Office
Property Subtype
Office/Residential
Building Size
105,994 SF
Building Class
B
Year Built/Renovated
1905/2004
Percent Leased
4%
Tenancy
Multiple
Building Height
14 Stories
Typical Floor Size
5,839 SF
Slab To Slab
10’
Building FAR
13.52
Lot Size
0.18 AC
Parcel Number
0650-013
Zoning
B-4-2 - Permitted Uses: Office, Retail, Multifamily, Hotel
Amenities
- 24 Hour Access
- Convenience Store
- Security System
- Signage
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