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96-Unit Apartment Conversion
For Sale
Contact for pricing
Pending

403 W Frank, Baltimore, MD 21201

Entitled conversion project with studio, one-bedroom, and two-bedroom plans plus fitness and game-room amenities.

Property Size72,000 SF
Days on Market130

Property Features for 403 W Frank

General Information

Standard status Pending
Size 72,000 SF
Property subtype Multifamily, Office

Site & Location

Highway Access Yes
Public Transit Yes

Building Details

Buildings 1
Building Size 72,000 SF
Listing Agency: Shamund Group
Listed By: Darius Thornton · License #IBF40000003
Source: Crexi
Added: Apr 24 Changed: Aug 30 Last Checked: Aug 30 at 3:14PM

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 Shamund Group

Investment Insights

Based on property information with market context.

The Miller Building is a fully entitled office-to-residential conversion project planned for 96 apartments. The approximately 72,000-square-foot development, including the basement, is designed with a mix of studio, one-bedroom, and two-bedroom residences. Proposed shared spaces include a fitness center and game rooms, supporting a range of resident amenities within the redevelopment plan.

Located at 403 W Frank in downtown Baltimore, the property offers access to major highways, transit lines, and regional rail. The project also has an approved CHAPS property tax abatement and Federal Historic Tax Credit support, providing established incentive components for the conversion. The building is positioned for residential redevelopment within Baltimore’s downtown core.

Key Highlights

  • Approved plan for 96 residential units
  • Approximately 72,000 square feet, including basement
  • Studio, one‑bedroom, and two‑bedroom unit mix

Property Analytics

Current Use

Office buildings

Suggested Use

Top Pick Law Firm Parking Lot & Garage Real Estate Agency Skin Care Clinic Locksmith Carpet & Flooring Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes
Highway access

Location Intelligence

Trade Area within ½ mile

640
Businesses Nearby

Demographics for 21201, MD

18,382
Population
11,468
Households
1.6
Avg Household Size
34
Median Age
47%
College-Educated
90%
High-School Grad
1.3 sq mi
ZIP Area
14,140
Density / Sq Mi
$44,722
Median Household Income
$44,239
Median Earnings
$1,282
Median Rent
$221,900
Median Home Value

Market

Vacancy Rate% for Office in Baltimore, MD

12.4% 2019
13.1% 2020
13% 2021
14.5% 2022
17.1% 2023
16.3% 2024
17.2% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Entitled conversion project with studio, one-bedroom, and two-bedroom plans plus fitness and game-room amenities.
Where is this apartment building located?
The property is located at 403 W Frank Baltimore, MD.
What are key features of this property?
This property features: Approved plan for 96 residential units; Approximately 72,000 square feet, including basement; Studio, one‑bedroom, and two‑bedroom unit mix
More about this property
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