$ 1,350,000
773 WASHINGTON BLVD Baltimore, MD 21230
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In-PersonVirtual Tour
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 1,350,000
Est. payment /mo
Pending
773 WASHINGTON BLVD Baltimore, MD 21230
7,192 SqFt
UPDATED:
08/14/2024 09:20 AM
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Pending
Purchase Type For Sale
Square Footage 7,192 sqft
Price per Sqft $187
Subdivision Washington Village
MLS Listing ID MDBA2110976
Originating Board BRIGHT
Year Built 1900
Annual Tax Amount $2,381
Tax Year 2023
Lot Size 3,300 Sqft
Acres 0.08
Property Description
Must see pictures and 3-D walkthrough layout! Property is actually 773-775 Washington Blvd. Both included in sale. Amazing building on picturesque classic tree-lined downtown Baltimore Street with brick sidewalks - Fully renovated inside and out mixed-use building featuring 6 brand new apartments, 2 retail store fronts, and a massive garage with development rights to add 4 additional apartments. Or long term re-upholstery business in garage would gladly stay as tenant. As I said, see the pictures, new everything inside from kitchens to bathrooms, windows, doors, separately controlled heat and a/c in each unit, flooring, paint, appliances including washer/dryer in each unit. All separately metered perfectly turnkey. Property is walking distance to restaurants, shopping, Inner Harbor, parks, all the downtown amenities, plus 1 block from I-95, 3 minutes to 295 - just a perfect location for any tenant and surrounded by lots of successful retail shops, curb appeal impeccable. This building will fill up fast and make for an amazing addition to any portfolio. Proforma available documenting 8 - 10% cap rate. But this location is really where the investment shows off. It is the 1st block of non high-rise commercial after downtown. Hospitals walking distance, so many employers, the new inner harbor development plan and all the jobs Baltimore is adding makes this the perfect investment at a price that gives a great cap rate. This is the one you have been waiting for!!!
And on top of it all, written confirmation for additional development is already in hand, so could be 10 residential units and 2 commercial retail store fronts. But even just keeping it as its current set up, with it being completely turn-key and without even developing the garage into units, this is already the goose that lays golden eggs. Come see it today!
Seller will deliver building fully rented, including the commercial spaces, at the rents listed in the pro forma ($12,800), if buyer desires. They only kept it vacant to allow new owner to select their own tenants if they prefer, but seller is in the rental business and easily believes they will get the units rented at those prices, or higher.
And on top of it all, written confirmation for additional development is already in hand, so could be 10 residential units and 2 commercial retail store fronts. But even just keeping it as its current set up, with it being completely turn-key and without even developing the garage into units, this is already the goose that lays golden eggs. Come see it today!
Seller will deliver building fully rented, including the commercial spaces, at the rents listed in the pro forma ($12,800), if buyer desires. They only kept it vacant to allow new owner to select their own tenants if they prefer, but seller is in the rental business and easily believes they will get the units rented at those prices, or higher.
Location
State MD
County Baltimore City
Zoning C-1
Interior
Hot Water Electric
Heating Hot Water
Cooling Central A/C, Ceiling Fan(s)
Fireplace N
Heat Source Electric
Exterior
Waterfront N
Water Access N
Roof Type Rubber
Accessibility 32\"+ wide Doors, Entry Slope <1'
Road Frontage City/County
Parking Type On Street
Garage N
Building
Foundation Slab
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Baltimore City Public Schools
Others
Tax ID 0321130852 009
Ownership Fee Simple
SqFt Source Assessor
Special Listing Condition Standard
Listed by Karim J. Harried • Excellence Realty
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