A highly visible mixed-use building strategically located in the heart of downtown Baltimore. This property offers an exceptional opportunity, boasting prime store-front commercial space complemented by two residential rental units above.
The condominiums currently generate a total monthly rent of $2400, while the commercial space has the potential to command $3500 in rental income, positioning it favorably within the local commercial rental market.
The commercial space encompasses 1,032 square feet and is equipped with a complete jewelry workshop, along with a convenient half bath. Additionally, the property offers 1,032 square feet of unfinished basement storage. Notably, the sale price includes all jewelry merchandise items, including silver items, watches, and machinery, enhancing the value proposition for prospective buyers.
Adjacent to the property, plans are underway for a transformative development project across the street, which is poised to elevate the entire block with the introduction of a wholesale store and condominiums. This significant development is anticipated to have a positive impact on the future value appreciation of the building.
We wish to highlight that the seller is motivated and open to negotiations, presenting an opportunity for savvy investors to capitalize on this prime asset.
Property Type :
Residential
Subdivision :
None Available
County :
BALTIMORE CITY
Style :
Residential
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ByOwner last updated this listing 06/11/2024 @ 16:15
MLS: MDBA2124970
LISTED BY: Ibteesam Al slimawy , KW United
SOURCE: BRIGHT MLS
Buyer Agency Compensation: 2.5%
Buyer Agency Description: The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed and if applicable, to participants of reciprocating MLS's as set forth in Association/MLS reciprocal agreements.
