2127 Edmondson Ave Baltimore, MD 21223
- Bars
- 36,490 SF
- 0.65 lot acres
Current Use by Public Records
- Bars
Property Details for 2127 Edmondson Ave
- Year built
- 1930
- Construction
- BRICK
- Lot size
- 0.65 lot acres
- Property size
- 36,490 SF
- Zone code
- TOD-4
- Property type
- Bars
- Property subtype
- Pubs
- APN
- 20-22-0117 -035
- APU
- 20220117035
Description
This exceptional redevelopment opportunity presents a 36,490 square foot, two-story building situated on a 0.64-acre lot in Baltimore, Maryland. Currently vacant, this fee-simple property boasts 137 feet of frontage on Edmondson Avenue, experiencing a daily vehicle traffic count of 10,429. Originally constructed in the 1930s for automotive use, the building has more recently served as an event space and office area. The property includes ample parking for approximately 100 vehicles, split between upper and lower levels, with the lower level providing covered parking. The building's TOD-4 zoning allows for a mix of residential, commercial, and civic uses, with a minimum height of 24 feet and a maximum of 100 feet. Located in the Midtown-Edmondson neighborhood, this property benefits from a dense population (44,274 within a 1-mile radius) and proximity to the West Baltimore MARC Station, US-1, US-40, I-95, and MD-205. Its location within a Priority Funding Area makes it eligible for various local, state, and federal redevelopment incentives. This absolute $1 auction, with no reserve, presents a unique chance to acquire a substantial property with significant redevelopment potential. The auction will take place December 9-11, 2024.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $495,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $555,000
- 6.5%
- $535,000
- 7%
- $475,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $530,000
- Geo Method
- $590,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $425,000
- Retail
- $490,000
- Mixed-Use
- $555,000
- Hospitality
- $490,000
- Educational
- $515,000
- Residential Income
- $495,000
- Energy
- $570,000
- Income-Based Land
- $450,000
- Food Service
- $555,000
Location Insight
- Map
- Local Demand
- City
- Baltimore
- County
- Baltimore City
- State
- Maryland
- Longitude
- -76.6514
- Latitude
- 39.2946
- CBSA code
- 12580
- CBSA name
- BALTIMORE-TOWSON, MD METROPOLITAN STATISTICAL AREA