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Investment Highlights
- 10,000 SF freestanding building; plus 2,500 SF at-grade lower level for storage
- Excellent visibility and hard-corner access
- Previously occupied by Walgreens — strong foundation for future uses
- Located in the heart of Hampden, less than 1 mile to Johns Hopkins University
- 21 surface parking spaces
- Open, flexible floor plan; potential for single or multi-tenant uses
Executive Summary
Avenue Real Estate is pleased to present the sale of 3700 Falls Road, a well-maintained 12,500 SF freestanding retail building delivered 100% vacant, situated on a 0.43-acre parcel at the signalized northwest corner of Falls Road and W. 37th Street in the heart of Hampden.
The building offers excellent visibility and access from its hard-corner position, with an open, flexible floor plan that accommodates a variety of single or multi-tenant configurations. The property includes 21 surface parking spaces — a rare amenity in a neighborhood where parking is the primary constraint on retail expansion. An additional 2,500 SF at-grade lower level provides storage and back-of-house. C-1 zoning accommodates the full range of neighborhood commercial uses driving demand along the corridor.
Previously occupied by Walgreens, the property provides a new owner with a strong foundation for a wide range of future uses.
The site sits one block north of "The Avenue" (W. 36th Street), Hampden's celebrated retail and dining corridor, and within walking distance of the Rotunda, Woodberry, and Whitehall Mill. Falls Road carries strong daily traffic counts feeding the Jones Falls Expressway, and the Woodberry Light Rail stop is minutes away. Hampden is among the city's most affluent enclaves, with a trade area drawing from Roland Park, Medfield, Remington, and Hopkins' Homewood campus — a dense, high-income, high-education base that has supported a decade of successful independent retail, restaurant, brewery, and creative-office concepts.
The building offers excellent visibility and access from its hard-corner position, with an open, flexible floor plan that accommodates a variety of single or multi-tenant configurations. The property includes 21 surface parking spaces — a rare amenity in a neighborhood where parking is the primary constraint on retail expansion. An additional 2,500 SF at-grade lower level provides storage and back-of-house. C-1 zoning accommodates the full range of neighborhood commercial uses driving demand along the corridor.
Previously occupied by Walgreens, the property provides a new owner with a strong foundation for a wide range of future uses.
The site sits one block north of "The Avenue" (W. 36th Street), Hampden's celebrated retail and dining corridor, and within walking distance of the Rotunda, Woodberry, and Whitehall Mill. Falls Road carries strong daily traffic counts feeding the Jones Falls Expressway, and the Woodberry Light Rail stop is minutes away. Hampden is among the city's most affluent enclaves, with a trade area drawing from Roland Park, Medfield, Remington, and Hopkins' Homewood campus — a dense, high-income, high-education base that has supported a decade of successful independent retail, restaurant, brewery, and creative-office concepts.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Drug Store
Building Size
12,500 SF
Building Class
C
Year Built
1963
Price
$2,499,000
Price Per SF
$199.92
Percent Leased
Vacant
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.67
Lot Size
0.43 AC
Zoning
C-1 - Neighborhood Commercial District, which is intended to provide commercial retail stores, businesses, services for the needs of the neighborhood
Parking
21 Spaces (1.68 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Corner Lot
- Signage
- Signalized Intersection
- Wheelchair Accessible
- Storage Space
- Air Conditioning
Space Availability
- Space
- Size
- Space Use
- Position
- Available
- 1st Floor
- 3,000-10,000 SF
- Retail
- -
- Now
| Space | Size | Space Use | Position | Available |
| 1st Floor | 3,000-10,000 SF | Retail | - | Now |
1st Floor
| Size |
| 3,000-10,000 SF |
| Space Use |
| Retail |
| Position |
| - |
| Available |
| Now |
Moderately walkable
70/100
Moderately drivable
70/100
Some public transit
50/100
Moderately bikeable
60/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 3541-021 | Improvements Assessment | $2,199,400 |
| Land Assessment | $279,700 | Total Assessment | $2,479,100 |
Property Taxes
Parcel Number
3541-021
Land Assessment
$279,700
Improvements Assessment
$2,199,400
Total Assessment
$2,479,100
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