For Lease
Property summary
This three-story, 1,350-square-foot mixed-use building at 227 W Mulberry St, Baltimore, MD 21201, presents a compelling redevelopment opportunity. Built in 1920, this C-class property sits on a 622-square-foot lot and is zoned C-5HS. Currently vacant, the building offers three units, believed to be configured as commercial space on the main level, a kitchen, living, and dining area on the second, and two bedrooms and a bathroom on the third. An unfinished basement is also present. The property's prime downtown location offers easy access to major arteries like W Baltimore St and Saint Paul St, and proximity to Lexington Market, University of Maryland Medical Center, Oriole Park, M&T Bank Stadium, and the Baltimore Convention Center. The property is subject to a ground lease with an annual ground rent of $0.01. Real estate taxes are $1,404.20 annually. The sale is free and clear of all liens. This is a pre-auction offering, with the auction beginning November 13th at 10:00 AM and ending November 15th at 11:10 AM. The buyer is responsible for verifying all zoning, permits, licenses, and usage.
Property profile
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
C-5HS · Baltimore, MDZoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
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The district profile from the municipal source: what is on file for C-5HS in Baltimore, MD.
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