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600 N Eutaw St 2,013 SF 100% Leased Retail Building Baltimore, MD 21201 For Sale 7% Cap Rate
Investment Highlights
- Building Size: 4,800 Gross SF
- Zoning: C-2, Community Commercial District
- Cap Rate: 7.0%
- Site Area: 1,600 SF (20’ x 80’)
- GRM: 8.87%
Executive Summary
All units are separately metered, except one small commercial unit.
Nicky’s Custom Tailoring occupies the 1st floor storefront along Eutaw Street. This tailor shop has been a tenant since 2002. The other commercial unit has been occupied by the same tenant since 2020 as an office and residence. There are four storage units in the basement. Monthly parking is available off-site.
Capital improvements by ownership include new electrical sub-panels, new HVAC & mini-split units, new appliances (including in-unit washer & dryer) and new TPO roof.
The property is prominently located within the Bromo Arts District, at the northwest corner of Eutaw and George Streets. This Arts & Entertainment District is named after
the 1911 Bromo Seltzer Tower—modeled after the Palazzo Vecchio in Italy—that houses art spaces at the gateway of the neighborhood. The District has more than 30 art
galleries, music venues, and theaters, including Everyman Theatre and Baltimore’s home for Broadway, the Hippodrome.
This district is undergoing a transformation, including the recently completed restoration of the world-famous Lexington Market. Other notable landmarks nearby
include The Baltimore Basilica, Peabody Conservatory & Library, Mercy Medical Center, and Mt. Vernon neighborhood.
Nicky’s Custom Tailoring occupies the 1st floor storefront along Eutaw Street. This tailor shop has been a tenant since 2002. The other commercial unit has been occupied by the same tenant since 2020 as an office and residence. There are four storage units in the basement. Monthly parking is available off-site.
Capital improvements by ownership include new electrical sub-panels, new HVAC & mini-split units, new appliances (including in-unit washer & dryer) and new TPO roof.
The property is prominently located within the Bromo Arts District, at the northwest corner of Eutaw and George Streets. This Arts & Entertainment District is named after
the 1911 Bromo Seltzer Tower—modeled after the Palazzo Vecchio in Italy—that houses art spaces at the gateway of the neighborhood. The District has more than 30 art
galleries, music venues, and theaters, including Everyman Theatre and Baltimore’s home for Broadway, the Hippodrome.
This district is undergoing a transformation, including the recently completed restoration of the world-famous Lexington Market. Other notable landmarks nearby
include The Baltimore Basilica, Peabody Conservatory & Library, Mercy Medical Center, and Mt. Vernon neighborhood.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
2,013 SF
Building Class
C
Year Built
1900
Cap Rate
7%
Percent Leased
100%
Building Height
3 Stories
Building FAR
1.68
Lot Size
0.03 AC
Zoning
C-1 - Neighborhood Commercial
Frontage
15’ on Eutaw St
Exceptionally walkable
100/100
Fairly drivable
40/100
Exceptional public transit
90/100
Moderately bikeable
60/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 0547B-002 | Improvements Assessment | $131,700 |
| Land Assessment | $66,000 | Total Assessment | $197,700 |
Property Taxes
Parcel Number
0547B-002
Land Assessment
$66,000
Improvements Assessment
$131,700
Total Assessment
$197,700
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600 N Eutaw St
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