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401 S High St Baltimore, MD 21202

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Multi-building property in Little Italy with redevelopment potential.

Property Features for 401 S High St

General Information

Standard status
Active
Zoning
C-1

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Listing Contact
Matthew Cooper
Source: Crexi

Listing Agency: Alex Cooper Auctioneers, Inc Listing Agent: Matthew Cooper

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

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Overview

Little Italy Multi-Building Opportunity

Located in the heart of Little Italy, this multi-building property at 401–405 S. High Street presents potential for investors or developers seeking a value-add project. The property consists of three attached structures with multiple residential units, a garage, and additional space suitable for expansion or reconfiguration. 401 S. High Street is configured as commercial space and four fully leased residential units with a scheduled gross monthly rent of $4,750 and a scheduled gross year rent of $57,000. The main level has an undivided floor plan. The rear of the main level includes additional storage space with potential to convert into another unit or usable living area. The second level includes a shared covered patio-style walkway and laundry area serving two 2-bedroom, 1-bathroom residences with eat-in kitchens and spacious living areas. One unit also includes a bonus walk-through room. The third level offers one 1-bedroom, 1-bathroom unit and one 2-bedroom, 1-bathroom unit, both featuring eat-in kitchens. Residential units were renovated across 2013 and 2014, including new flooring, cabinets, granite counters, appliances and 100 Amp electric service for each unit. Units have independent utilities with forced hot air heating and gas water heaters. In 2016, all the HVAC units were replaced. The roof was completed in 2011. 403 S. High Street includes an open main-level space with garage door, offering flexibility for additional residential conversion, storage, or mixed-use possibilities. Behind the structure is a large gated open area that may provide future off-street parking, courtyard, or outdoor amenity space with approximately 6-10 parking spots. 405 S. High Street is a commercial building that requires a complete rehabilitation. A new roof was installed in 2010. Access to the upper levels is currently unavailable due to missing staircases. The property offers potential to reposition a centrally located property with existing unit infrastructure, flexible layouts, and additional development potential. Projected select annual expenses include $9,793 in taxes and $5,220 for water.
Location Intelligence

Current Use by Public Records

Storefront properties

Suggested Use

Restaurant Real Estate Agency Spa & Massage Center Law Firm Dental Office Hair Salon Nail Salon Food Market Grocery & Convenience Store Daycare Center

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

Location Insight

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City
Baltimore
County
Baltimore
State
Maryland
Longitude
-76.6011092
Latitude
39.2856326

FAQs

What type of property is this?
Mixed-use property - Multi-building property in Little Italy with redevelopment potential.
Where is this mixed-use property located?
The property is located at 401 S High St Baltimore, MD.
What are key features of this property?
This property features: - Located in the heart of Little Italy, offering a prime location.; - Value-add opportunity with three attached structures offering significant upside through renovation and redevelopment.; - 401 S. High Street has existing income with 4 fully leased residential units, generating a scheduled gross annual rent of $57,000.
More about this property
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