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    FOR SALE
    Office buildings

    3200 Eastern Ave, Baltimore, MD 21224

    5,264 SF 0.06 ac lot Built 1920
    Entity Owned 15-yr Hold ~ Est. High Equity
    Property ID
    US40-0851797
    Property summary
    AI-generated overview

    This exceptional Class A office building, located at 3200 Eastern Avenue in Baltimore, Maryland, 21224, presents a unique investment opportunity. The 5,400 square foot building is currently 100% occupied under a net lease and boasts a desirable location in Highlandtown. The property features a thoughtfully designed layout, ideal for a variety of uses including medical, counseling, or non-profit organizations. A full renovation was completed in 2012, ensuring modern amenities and functionality. The building offers ample on-site parking with 16 spaces. Beyond the main two-story office space, there's an unfinished lower level of approximately 1,800 square feet, perfect for storage or future expansion. The asking price is $1,400,000, translating to $259.26 per square foot. This property is for sale by owner and is perfect for both owner-occupiers and investors seeking a stable, high-performing asset. The building's versatile design and prime location make it an attractive option for a wide range of businesses. This is a rare opportunity to acquire a well-maintained, fully occupied office building in a thriving Baltimore neighborhood.

    Property profile
    Verified
    Property type Office buildings
    Use group OFFICE BUILDING
    Year built 1920
    Construction BRICK
    Total area 5,264 SF
    Lot 0.06 ac (2,632 SF)
    Zoning code C-1
    APN 26-12-6297 -001
    UPID US40-0851797
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Apex Counseling Center, LLC Medical Clinic
    • Harvey Brown, Ph.D., Apex Counseling Center, LLC Physician Medical Clinic
    • Jane G. Swanbeck, LCPC Counselor
    • Louisa Footman, LGSW Physician
    • Joyce B. Neale, MSW Foster Care Service Social Service Agency
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $836k
    Blend (final) Blend
    $670k
    Owner & transaction history
    Frihet LLC · 15 yrs held
    Frihet LLC
    since 2011
    1 recorded transaction
    2011
    $415,000
    Zoning & alternative use
    C-1 · Baltimore, MD
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    More about this property
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