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112 Lexington St Baltimore, MD 21201-3411

OFF-MARKET Retail space Google Maps
5,115 SF 0.04 ac lot Built 1920
Individually Owned 14-yr Hold Free & Clear
Estimated value (blended)
$270k
Range $243k – $297k (±10%)
Property ID US40-0969259

Property summary

AI-generated overview

This exceptional Baltimore City property at 112 W Lexington Street offers a unique blend of retail and residential income potential. The 6,820 square foot building sits on a 0.04-acre lot and is ideally located near the intersection of Park Avenue and West Lexington Street. The ground floor comprises 1,705 square feet of retail space, currently operating as a beauty supply store, presenting a strong existing income stream or the opportunity for a new tenant. Above the retail space, a spacious 1,500 square foot, two-bedroom, two-bathroom apartment provides additional rental income. The building features a distinctive classic glass block storefront, adding to its curb appeal and character. Its prime location places it within easy walking distance of the revitalized Lexington Market and the CFG Bank Arena, ensuring high foot traffic and visibility. This presents a rare opportunity to acquire a mixed-use property in a rapidly developing area of Baltimore, offering both immediate income and significant long-term growth potential. The asking price is $429,000. The property's strategic location and versatile layout make it an attractive investment for both seasoned and new investors seeking a strong return on investment in a vibrant urban setting. This is a turnkey opportunity with immediate income generation.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1920
Construction BRICK
Total area 5,115 SF
Lot 0.04 ac (1,705 SF)
Zoning code C-5DC
APN 04-10-0600 -006
UPID US40-0969259

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Cosmetic Store
  • Restaurant
  • Restaurant
  • Restaurant

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$270k

Owner & transaction history

since 2011
1 recorded transaction
2011
Price N/A

Zoning & alternative use

C-5DC · Baltimore, MD

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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