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    Highlandtown Warehouse Conversion Opportunity Title is generated by Realmo AI

    204 S EATON St, Baltimore, MD 21224

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    Claim this Listing
    For Sale
    $1,200,000

    6,875 SF warehouse with apartment conversion potential and parking.

    Type:Industrial
    Property size:
    6,875 SF
    Price / SF:
    $174/SF
    Added:
    Apr 24, 2026
    Days on Market:
    53
    Last Refresh:
    Apr 24 at 3:24 pm

    Property Features for 204 S EATON St

    General Information

    Standard status
    Active
    Size
    6,875 SF
    Property subtype
    Industrial

    Building Details

    Year Built
    1940

    We can help!

    Listing Contact
    Charles W Cockrill
    Charles W Cockrill

    Listing agent Charles W Cockrill License #34091

    Listing office Berkshire Hathaway HomeServices PenFed Realty

    Listing date Apr 24, 2026

    Source Elliman

    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 Berkshire Hathaway HomeServices PenFed Realty

    HighLights

    • Approved zoning for 24‑28 unit apartment conversion.
    • Includes zoning approval for up to 28 on‑site parking spaces.
    • Large 6,875 square foot open warehouse space.
    • Excellent visibility and accessibility in Highlandtown.
    • High‑level garage doors suitable for various uses.
    • Walker's Paradise: walkScore of 93.

    Overview

    Located in the Highlandtown neighborhood, 204 S. Eaton Street presents a 6,875 square foot industrial property formerly used for manufacturing. The property features an open format and high-level garage doors. It has zoning approval for up to 28 parking spaces, making it suitable for a 24 to 28-unit apartment conversion with on-site parking. The location offers excellent visibility and accessibility. The area has a walk score of 93, indicating it is a walker's paradise, a bike score of 65, indicating it is bikeable, and a transit score of 70, indicating excellent transit.

    Local Financial Insights For Mixed Use

    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 $148.5k $21.60
    − Vacancy −$14.9k −$2.16
    EGI $133.7k $19.44
    − OpEx −$50.1k −$7.29
    NOI $83.5k $12.15
    6,875 SF · lease $21.60/SF/yr · vacancy 10.00% · expense 37.50%

    Alternative Uses

    Best Use
    Mixed Use
    $1.19M
    $1.04M – $1.39M (±1% cap)
    NOI $83,531 @ 7.0% cap · market cap 6.96%
    Second Best
    Apartment 5plus
    $1.19M
    $1.04M – $1.39M (±1% cap)
    NOI $83,450 @ 7.0% cap · market cap 6.95%
    Theoretical Best
    Office A
    $1.65M
    $1.44M – $1.92M (±1% cap)
    NOI $115,294 @ 7.0% cap · market cap 9.61%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Impero Food & Meat ... Grocery & Convenience Store

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Gym & Fitness Center Skin Care Clinic

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

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    Location Insight

    • Map
    • Local Demand
    City
    Baltimore
    County
    Baltimore
    State
    Maryland
    Longitude
    -76.5658366
    Latitude
    39.2900847

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    FAQs

    What type of property is this?
    Warehouse - 6,875 SF warehouse with apartment conversion potential and parking.
    Where is this warehouse located?
    The property is located at 204 S EATON St Baltimore, MD.
    What is the asking price?
    The asking price for this property is $1,200,000.
    What are key features of this property?
    This property features: Approved zoning for 24‑28 unit apartment conversion.; Includes zoning approval for up to 28 on‑site parking spaces.; Large 6,875 square foot open warehouse space.
    (443) 956-6913
    We can help!
    Listing Contact
    Charles W Cockrill
    Charles W Cockrill
    Real Estate License ID: 34091
    Learn More
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