414-416 E Baltimore Street 414-416 E Baltimore St 19,430 SF Vacant Retail Building Baltimore, MD 21202 £866,410 (£44.59/SF)
INVESTMENT HIGHLIGHTS
- • 5-Level Mixed-Use Property with 19,430 Square Feet of Gross Building Area
- • C-5 DC/AU Zoning Permits Multiple Uses Including Retail, Office, & Multifamily
- • Located in Baltimore City's Central Business District | 4 Blocks from the Inner Harbor
- • Significant Value-Add Opportunity at $59.19/SF | Offered Well Below Replacement Cost
- • Open Floor Plans throughout with Ceiling Heights of 9'-17' Across All Levels
EXECUTIVE SUMMARY
Feldman Ruel is pleased to offer for sale 414-416 E Baltimore Street, in Baltimore, MD. The subject property is situated four blocks from the Baltimore Inner Harbor and will be delivered vacant. This 19,430-square-foot, five-level (including a finished sublevel) building was most recently occupied by the Two O'clock Club and Club Mula, two bars/nightclubs which occupied the sublevel, first level, and second level. The 3,320-square-foot third level and 3,446-square-foot fourth level have been vacant for years. These levels can be redeveloped into office, multifamily, or an extension of the retail space. The subject property is a blank canvas that a savvy investor or club owner can reimagine and present a new concept to this submarket in a quality location. Each level has an open floor plan which allows for a myriad of uses and configurations.
Baltimore City's C-5 DC/AU zoning district is designed to support a dense, mixed-use urban environment in the heart of downtown Baltimore. This zoning designation allows for a wide range of uses while promoting a vibrant, pedestrian friendly atmosphere. Residential uses include multifamily, live-work dwellings, and living dwellings above non-residential ground levels. Retail establishments, restaurants, bars, and hotels are all allowable uses under this zoning as well. Entertainment and recreation uses include theaters and performance venues, art galleries, and fitness centers.
Baltimore City's C-5 DC/AU zoning district is designed to support a dense, mixed-use urban environment in the heart of downtown Baltimore. This zoning designation allows for a wide range of uses while promoting a vibrant, pedestrian friendly atmosphere. Residential uses include multifamily, live-work dwellings, and living dwellings above non-residential ground levels. Retail establishments, restaurants, bars, and hotels are all allowable uses under this zoning as well. Entertainment and recreation uses include theaters and performance venues, art galleries, and fitness centers.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
19,430 SF
Year Built
1905
Price
£866,410
Price Per SF
£44.59
Percent Leased
Vacant
Number of Floors
5
Building FAR
4.76
Lot Size
0.09 AC
Opportunity Zone
Yes
Zoning
C-5 DC/AU - Baltimore City's C-5 DC/AU zoning district is designed to support a dense, mixed-use urban environment in the heart of downtown Baltimore.
Frontage
39 ft on E Baltimore Street
Walk Score®
Walker's Paradise (98)
Transit Score®
Rider's Paradise (100)
Bike Score®
Very Bikeable (81)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 1331-005 | Improvements Assessment | £266,628 |
| Land Assessment | £292,771 | Total Assessment | £559,400 |
