For Sale
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Property summary
This exceptional mixed-use property, located at 5923 Belair Road in Baltimore, Maryland, presents a unique investment opportunity. Boasting 1,589 square feet, this building, constructed in 1922, offers significant potential for redevelopment. The asking price is $125,000, translating to a price per square foot of $78.67. The property's rich history includes previous uses as a barber shop and a local hardware store's warehouse. While a complete renovation is required, the property includes a valuable one-car garage, ideal for storage. Convenient on-street parking is also available directly in front of the building. The property is being sold "as is," allowing for maximum flexibility in its future use. The anticipated occupancy date is August 14, 2024. This location in the 21206 zip code offers excellent potential for a variety of commercial ventures, given its size and prime Baltimore location. The property's unique character and potential for transformation make it an attractive proposition for investors seeking a hands-on project with substantial upside.
Property profile
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Zoning & alternative use
01 Commercial Districts (C-1 to C-4) - Bulk and Yard Regulations Baltimore City Code Table 10-401 Commercial Districts (C-1 to C-4) - Bulk and Yard Regulations Categories Specifications (Per District) C-1 C-1-VC 1 C-1-E…
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-2 · Baltimore, MD01 Commercial Districts (C-1 to C-4) - Bulk and Yard Regulations Baltimore City Code Table 10-401 Commercial Districts (C-1 to C-4) - Bulk and Yard Regulations Categories Specifications (Per District) C-1 C-1-VC 1 C-1-E…
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
01 Commercial Districts (C-1 to C-4) - Bulk and Yard Regulations Baltimore City Code Table 10-401 Commercial Districts (C-1 to C-4) - Bulk and Yard Regulations Categories Specifications (Per District) C-1 C-1-VC 1 C-1-E…
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for C-2 in Baltimore, MD.
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