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    926 Monument St Baltimore, MD 21202

    For Sale
    $699,999

    Prime Baltimore location, 37,000 SF, mixed-use potential.

    Property size:
    37,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional redevelopment opportunity presents a 37,000 square foot property located at 926-938 E Monument St, Baltimore, MD 21202. The property, built in 1920, features a three-story building on a 17,000 square foot lot and boasts I-MU 1 zoning, permitting a blend of light industrial, residential, and commercial uses. Currently vacant, the property offers an immediate opportunity for a developer to create a mixed-use environment. The asking price is $699,999, translating to $18.92 per square foot. The property's strategic location across from the $1 billion Old Town Mall and former Somerset House redevelopments, near the Johns Hopkins campus and a metro station, ensures high visibility and accessibility. Its proximity to downtown Baltimore, I-83, and BWI Airport (22 minutes away) further enhances its appeal. The property includes two loading docks and ample parking. A comprehensive development package, including a Phase 1 environmental study and survey, is available for qualified parties. The anticipated occupancy date is January 31, 2024. This is a rare chance to capitalize on a prime location with significant upside potential in a rapidly developing area of Baltimore.

    Property Features for 926 Monument St

    General Information

    Property type
    Multifamily properties
    Square Feet
    37,000 SF

    Building Details

    Year Built
    1920
    Buildings
    1
    Stories
    3

    HighLights

    • Commercial/Residential Mixed‑Use Development Opportunity in Baltimore, MD.
    • Across the street from the $1 Billion Old Town Mall and former Somerset House redevelopments.
    • Near Johns Hopkins Campus and a Metro station.
    • High‑traffic location on E Monument St.
    • I‑MU 1 Zoning allows for flexible development.
    • Ample on‑site parking.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Wonderland Sauna Sauna Club

    Suggested Use

    Restaurant Realty agency Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Law Firm Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Baltimore
    County
    Baltimore
    State
    Maryland
    Longitude
    -76.6047153
    Latitude
    39.2981759

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    FAQs

    What type of property is this?
    Multifamily property - Prime Baltimore location, 37,000 SF, mixed-use potential.
    Where is this multifamily property located?
    The property is located at 926 Monument St Baltimore, MD.
    What is the asking price?
    The asking price for this property is $699,999.
    What are key features of this property?
    This property features: Commercial/Residential Mixed-Use Development Opportunity in Baltimore, MD.; Across the street from the $1 Billion Old Town Mall and former Somerset House redevelopments.; Near Johns Hopkins Campus and a Metro station.
    Request Owner's contact information
    926 Monument St Baltimore, MD 21202
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    926 Monument St Baltimore, MD 21202
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