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3-5 E Read St 17,109 SF 100% Leased Office Building Baltimore, MD 21202 $1,700,000 ($99.36/SF)
Investment Highlights
- Ideal for corporate headquarters or multi-family conversion
- Highly desirable Mount Vernon location
- Easy access to I-83 and North Avenue (Route 40)
- 10 ± dedicated on-site parking spaces
- Walking distance to a number of nearby popular shopping, dining and entertainment destinations
Executive Summary
3–5 East Read Street is a 17,109 SF ± four-story office building offered for sale in Baltimore's highly desirable Mount Vernon neighborhood. Renovated in 2019, the elevator-served property features 10 ± dedicated on-site parking spaces and is well suited for a corporate headquarters or multifamily conversion. Its premier urban location offers a Walk Score of 99 ("Walker's Paradise"), placing shopping, dining, entertainment, Johns Hopkins University, and Downtown Baltimore within easy reach, while providing convenient access to I-83 and Route 40. Combining historic character with modern updates and exceptional accessibility, this is a rare opportunity to acquire a distinctive office asset in one of Baltimore's most sought-after neighborhoods.
Property Facts
Sale Type
Investment or Owner User
Property Type
Building Size
17,109 SF
Building Class
B
Year Built/Renovated
1958/2019
Price
$1,700,000
Price Per SF
$99.36
Percent Leased
100%
Tenancy
Multiple
Building Height
4 Stories
Typical Floor Size
3,568 SF
Slab To Slab
10’
Building FAR
2.27
Lot Size
0.17 AC
Zoning
OR-2
Parking
10 Spaces (0.58 Spaces per 1,000 SF Leased)
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Exceptionally walkable
100/100
Fairly drivable
40/100
Exceptional public transit
90/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 0517-032 | Improvements Assessment | $1,015,600 |
| Land Assessment | $339,800 | Total Assessment | $1,355,400 |
Property Taxes
Parcel Number
0517-032
Land Assessment
$339,800
Improvements Assessment
$1,015,600
Total Assessment
$1,355,400
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