Two-Level Mixed-Use Retail
For Sale
$150,000
3549 CHESTNUT AVENUE, Baltimore, MD 21211
The building includes an existing retail tenant, adaptable floor plan, and unfinished lower-level storage.
Property Size958 SF
Price / SF$156.58
Days on Market51
Property Features for 3549 CHESTNUT AVENUE
General Information
Standard status
Active
Size
958 SF
Property subtype
Commercial
Amenities
storage space
Building Details
Year Built
1920
Buildings
1
Tenancy
Single
Listing Agency:
Alex Cooper Auctioneers, Inc.
(410) 828-4838
Listed By:
Carley R. Cooper · License #RMR004914
(443) 470-1447
Source:
Cummingsrealtors
Added: Aug 31
Changed: Oct 19
Last Checked: Oct 19 at 11:10AM
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 Alex Cooper Auctioneers, Inc.
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Investment Insights
Based on property information with market context.
This 1920-built mixed-use property is arranged over two commercial levels and currently includes an established retail tenant. The interior features an open, adaptable layout, while the unfinished lower level provides additional storage space.
Located on Chestnut Avenue in Baltimore’s Hampden neighborhood, the property is near The Avenue and its restaurants, shops, businesses, and entertainment venues. The configuration is identified as suitable for creative, retail, wellness, fitness, and studio-oriented uses.
Located on Chestnut Avenue in Baltimore’s Hampden neighborhood, the property is near The Avenue and its restaurants, shops, businesses, and entertainment venues. The configuration is identified as suitable for creative, retail, wellness, fitness, and studio-oriented uses.
Key Highlights
- Two‑level commercial retail configuration
- Existing vintage retail store tenant
- Open, adaptable interior layout
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,559
Cap Rate
9.04%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$271,180
$271.2K
Cap Rate 7%
$193,700
$193.7K
Cap Rate 9%
$150,656
$150.7K
Market Conditions
NOI Build-Up for 958 SF
Gross rent
$20.7K $21.60/SF
− Vacancy
−$1.3K −$1.38/SF
EGI
$19.4K $20.22/SF
− OpEx
−$5.8K −$6.07/SF
NOI
$13.6K $14.15/SF
Area
Baltimore, MD
Vacancy
6.39%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$271,180
Cap Rate 7%
$193,700
Cap Rate 9%
$150,656
Alternative Uses
Best Use
Retail
$193.7K
$169.5K – $226.0K
NOI $13,559 @ 7.0% cap · market cap 9.04%
Second Best
Mixed Use
$188.9K
$165.3K – $220.3K
NOI $13,220 @ 7.0% cap · market cap 8.81%
Theoretical Best
Office A
$229.5K
$200.8K – $267.8K
NOI $16,066 @ 7.0% cap · market cap 10.71%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,922
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Baltimore, MD
Frequently Asked Questions
What type of property is this?
Mixed-use property - The building includes an existing retail tenant, adaptable floor plan, and unfinished lower-level storage.
Where is this mixed-use property located?
The property is located at 3549 CHESTNUT AVENUE Baltimore, MD.
What is the asking price?
The asking price for this property is $150,000.
What are key features of this property?
This property features: Two‑level commercial retail configuration; Existing vintage retail store tenant; Open, adaptable interior layout
