2527-2531 Saint Paul St
Baltimore, MD 21218
Office Property For Sale

Property tours are available Tuesday thru Thursday from 10AM thru 4PM by appointment only. Please contact Clay Ellis at 202-534-3613 or by email at clay.ellis@colliers.com. The offering is a unique opportunity for an investor to acquire an asset within a dynamic, evolving market. The assets are ideally located just south of Johns Hopkins University, the Baltimore Museum of Art, and Wyman Park Dell in the historic Charles Village neighborhood. Additionally, this opportunity is only five blocks away from the student-centered retail at St. Paul Street and E 31st Street. The location of 2527-2537 St. Paul Street offers an investor versatility when positioning the asset to generate maximum return on investment. Baltimore is rapidly growing, a clear indicator of investor confidence. A magnitude of investors and developers have taken advantage of similar product across the metro to create a holistic live-work-play environment. 2527- 2537 St. Paul Street was originally built as townhomes but is currently operating as office space. An investor has a blank canvas when converting this property, options include conventional multifamily, affordable housing, student housing or condominiums. Colliers East Region Multifamily Advisory Group has prepared a Pro Forma cash flow projection for 2527-2537 St. Paul Street as a conventional multifamily community based on a review of the preliminary plans and research of the market. The property’s proximity to Johns Hopkins University, one of the largest employers, and the opportunity to re-position the asset in various ways will establish a competitive advantage and premium for the property within the marketplace. With a stabilized occupancy of 95%, the multifamily component is projected to generate $448,080 in effective Gross Revenue and NOI of $246,444.