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508 S Broadway 3,500 SF 50% Leased Retail Building Baltimore, MD 21231 $395,000 ($112.86/SF)
Investment Highlights
- multiple units
- high foot and vehicle traffic
- signage
Executive Summary
PRICE DROPPED FOR QUICK SALE
C-1 zoned 2 unit retail building on bustling Broadway 1/4 block from the fells point market. Approx. 3500 SF. Each unit has its own separate retail entrance on Broadway. Unit 1 is street level retail that takes up the majority of the lot. 2 large window displays capture foot traffic. Retail display cases, office furnishings, safe, and all furnishings, fixtures, and equipment convey. Unit 2 encompasses the three upper levels and has a separate entrance facing Broadway's foot traffic and is built out as a wellness center / massage studio.
C-1 zoned 2 unit retail building on bustling Broadway 1/4 block from the fells point market. Approx. 3500 SF. Each unit has its own separate retail entrance on Broadway. Unit 1 is street level retail that takes up the majority of the lot. 2 large window displays capture foot traffic. Retail display cases, office furnishings, safe, and all furnishings, fixtures, and equipment convey. Unit 2 encompasses the three upper levels and has a separate entrance facing Broadway's foot traffic and is built out as a wellness center / massage studio.
Financial Summary (Pro Forma - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$60,000
|
$17.14
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$60,000
|
$17.14
|
| Taxes |
$7,785
|
$2.22
|
| Operating Expenses |
$3,500
|
$1.00
|
| Total Expenses |
$11,285
|
$3.22
|
| Net Operating Income |
$48,715
|
$13.92
|
Financial Summary (Pro Forma - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $60,000 |
| Annual Per SF | $17.14 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $60,000 |
| Annual Per SF | $17.14 |
| Taxes | |
|---|---|
| Annual | $7,785 |
| Annual Per SF | $2.22 |
| Operating Expenses | |
|---|---|
| Annual | $3,500 |
| Annual Per SF | $1.00 |
| Total Expenses | |
|---|---|
| Annual | $11,285 |
| Annual Per SF | $3.22 |
| Net Operating Income | |
|---|---|
| Annual | $48,715 |
| Annual Per SF | $13.92 |
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
3,500 SF
Building Class
C
Year Built
1920
Price
$395,000
Price Per SF
$112.86
Percent Leased
50%
Tenancy
Multiple
Building Height
4 Stories
Slab To Slab
10’
Building FAR
1.34
Lot Size
0.06 AC
Zoning
B022 - RETAIL / OFFICE / ETC
Frontage
24’ on Broadway St
Amenities
- Signage
Exceptionally walkable
100/100
Fairly drivable
50/100
Strong public transit
80/100
Moderately bikeable
70/100
Nearby Major Retailers
![[solidcore]](https://images1.loopnet.com/i2/X1DfwMFhQUJtrEvdN0O4PHppb1UchnIXcAPoILYKKzI/105/image.jpg "[solidcore]")
Property Taxes
| Parcel Number | 1445-004 | Total Assessment | $341,533 |
| Land Assessment | $0 | Annual Taxes | $7,785 ($2.22/SF) |
| Improvements Assessment | $0 | Tax Year | 2025 |
Property Taxes
Parcel Number
1445-004
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$341,533
Annual Taxes
$7,785 ($2.22/SF)
Tax Year
2025
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Contact the Sale Advisor
508 S Broadway