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    500 23Rd St E Baltimore, MD 21218

    For Sale
    $250,000

    Mixed-use building with retail and residential/commercial potential.

    Lot size:
    0.03 Acres

    Property Features for 500 23Rd St E

    General Information

    Lot size
    0.03 Acres

    Building Details

    Year built
    1924

    Source: ExecuHome Realty Agent Sharon A Fraser

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Four-Level Mixed-Use Building

    This is a four-level mixed-use building with an unfinished basement suitable for storage. The main level features two retail spaces with a separate entrance. The first upper level includes two bedrooms, one bathroom, and a living room/eat-in area. This level could be refitted for use as a hair salon or spa. The second upper level contains two rooms and one bathroom, suitable for use as a two-bedroom rental unit or commercial space. The property is located in a high-traffic and desirable location.
    Location Intelligence

    Current Use by Public Records

    Moore's Barber Shop Barber Shop

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Baltimore
    County
    Baltimore
    State
    Maryland
    Longitude
    -76.6093419
    Latitude
    39.315616

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    FAQs

    What type of property is this?
    Mixed-use property - Mixed-use building with retail and residential/commercial potential.
    Where is this mixed-use property located?
    The property is located at 500 23Rd St E Baltimore, MD.
    What is the asking price?
    The asking price for this property is $250,000.
    What are key features of this property?
    This property features: - High-traffic and desirable location; - Mixed-use building with retail and residential/commercial spaces; - Potential for multiple rental incomes (retail and upper levels)
    (443) 929-3005
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    500 23Rd St E Baltimore, MD 21218
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    Baltimore, MD 21218
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    500 23Rd St E Baltimore, MD 21218
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