Historic Theatre with Column-Free Main
For Sale
Contact for pricing
903-905 W 36th St, Baltimore, MD 21211
Historic theatre building featuring a column-free main floor and an additional second-floor loft space.
Property Size7,000 SF
Price / SF$200
Days on Market1149
Property Features for 903-905 W 36th St
General Information
Standard status
Active
Size
7,000 SF
Property subtype
SPECIALTY
Additional Details
Seating Capacity
400
Building Details
Year Built
1920
Buildings
1
Stories
2
Listing Agency:
MacKenzie Commercial Real Estate - Corporate
(410) 494-4855
Listed By:
Tim Harrington
(410) 494-4855
Source:
Moodyscre
Added: Jun 8, 2023
Changed: Jul 30
Last Checked: Jul 30 at 11:39AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of MacKenzie Commercial Real Estate - Corporate
Investment Insights
Based on property information with market context.
The Ideal Theatre is a historic theatre building built in 1920, offering a column-free main floor for standing or seated shows. The main floor provides approximately 5,000 ± square feet of flexible event space.
A second-floor loft space of approximately 2,000 ± square feet supports administration and/or office use. The venue is described as having a capacity for 400 occupants ±.
Located at 903-905 W 36th St in Baltimore’s Hampden area on “The Avenue” (W. 36th Street), the property is positioned for entertainment-oriented concepts that need a dedicated performance venue with supporting office space.
A second-floor loft space of approximately 2,000 ± square feet supports administration and/or office use. The venue is described as having a capacity for 400 occupants ±.
Located at 903-905 W 36th St in Baltimore’s Hampden area on “The Avenue” (W. 36th Street), the property is positioned for entertainment-oriented concepts that need a dedicated performance venue with supporting office space.
Key Highlights
- Built in 1920 historic theatre building
- Column‑free main floor for standing or seated shows
- Approximately 5,000 ± SF main floor event space
Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $159.6k | $22.80 |
| − Vacancy | −$8.8k | −$1.25 |
| EGI | $150.8k | $21.55 |
| − OpEx | −$37.7k | −$5.39 |
| NOI | $113.1k | $16.16 |
7,000 SF · lease $22.80/SF/yr · vacancy 5.50% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$1.62M
$1.41M – $1.89M
NOI $113,117 @ 7.0% cap · market cap 8.08%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.68M
$1.47M – $1.96M
NOI $117,390 @ 7.0% cap · market cap 8.39%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,895
Businesses Nearby
Explore this area
Business Placement
Demographics for 21211, MD
17,721
Population
9,056
Households
2
Avg Household Size
37
Median Age
61%
College-Educated
93%
High-School Grad
2.9 sq mi
ZIP Area
6,111
Density / Sq Mi
$81,467
Median Household Income
$64,019
Median Earnings
$1,577
Median Rent
$274,000
Median Home Value
Market
Vacancy Rate% for Retail in Baltimore, MD
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Theater & concert hall - Historic theatre building featuring a column-free main floor and an additional second-floor loft space.
Where is this theater & concert hall located?
The property is located at 903-905 W 36th St Baltimore, MD.
What is the asking price?
The asking price for this property is $1,400,000.
What are key features of this property?
This property features: Built in 1920 historic theatre building; Column‑free main floor for standing or seated shows; Approximately 5,000 ± SF main floor event space
