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773 Washington Boulevard Baltimore, MD $ 1,350,000
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$ 1,350,000 Get more info
773 Washington Boulevard
$ 1,350,000
Back to search
Share Save

773 Washington Boulevard

Baltimore, MD, 21230
$ 1,350,000
Baths0.0 Sq 5,950

Monthly Estimate*

$ 8,973

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View a Virtual Tour
Studio

Commercial Property for sale in Baltimore, MD

for $1,350,000. This 5,950 square foot building was built in 1900 on a lot size of 0.08.

Must see pictures and 3-D walkthrough layout! Property is actually 773-775 Washington Blvd. Both included in sale. Amazing building on picturesque classic tree-lined downtown Baltimore Street with brick sidewalks - Fully renovated inside and out mixed-use building featuring 6 brand new apartments, 2 retail store fronts, and a massive garage with development rights to add 4 additional apartments. Or long term re-upholstery business in garage would gladly stay as tenant. As I said, see the pictures, new everything inside from kitchens to bathrooms, windows, doors, separately controlled heat and a/c in each unit, flooring, paint, appliances including washer/dryer in each unit. All separately metered perfectly turnkey. Property is walking distance to restaurants, shopping, Inner Harbor, parks, all the downtown amenities, plus 1 block from I-95, 3 minutes to 295 - just a perfect location for any tenant and surrounded by lots of successful retail shops, curb appeal impeccable. This building will fill up fast and make for an amazing addition to any portfolio. Proforma available documenting 8 - 10% cap rate. But this location is really where the investment shows off. It is the 1st block of non high-rise commercial after downtown. Hospitals walking distance, so many employers, the new inner harbor development plan and all the jobs Baltimore is adding makes this the perfect investment at a price that gives a great cap rate. This is the one you have been waiting for!!! And on top of it all, written confirmation for additional development is already in hand, so could be 10 residential units and 2 commercial retail store fronts. But even just keeping it as its current set up, with it being completely turn-key and without even developing the garage into units, this is already the goose that lays golden eggs. Come see it today! Seller will deliver building fully rented, including the commercial spaces, at the rents listed in the pro forma ($12,800), if buyer desires. They only kept it vacant to allow new owner to select their own tenants if they prefer, but seller is in the rental business and easily believes they will get the units rented at those prices, or higher.

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Commercial Pending

Price

$ 1,350,000

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 2,381

Style

Apartment Building,Banquet Facility/Lodge,Hair Sal

Lot Size

0.08

Year Built

1900

Town/City

Baltimore

County/Region

Baltimore City

MLS | Web ID

MDBA2110976
Features
Interior
Heating Fuel Electric
Hot Water Electric
Heating Y/N Y
Street Suffix BOULEVARD
Central Air Y/N Y
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General
Sewer Public Sewer
Heating Hot Water
Cooling Central A/C Ceiling Fan(s)
Possession Settlement
Roof Rubber
Zoning C-1
Construction Materials Brick Concrete
Year Built 1900
Electric 120/240V Single Phase
Property SubType Mixed Use
Tax Year 2023
Percent Ownership Fee Simple
Cool Fuel Electric
Municipality Baltimore City
Section 13
Business Type Apartment Building Banquet Facility/Lodge Hair Salon and Spa Health Club Medical Other/General Retail Professional Other
Accessibility 32 + wide Doors Entry Slope <1'
County BALTIMORE CITY
New Construction N
Property Type Commercial Sale
Subdivision Name WASHINGTON VILLAGE
Possible Use Apartments Apartment Building Barber/Beauty Clothing Commercial Florist/Nursery Food & Beverage Food Market Laundromat Medical/Dental Mixed Use Multi-Family Office Professional Service Residential Re
Water Access Y/N N
Status PENDING
Directions I-95 to Martin Luther King Jr Blvd to left at 1st light off highway. Amazing building on left hand side.
City BALTIMORE
Buyer Agent Compensation 2.5
Total Units 9
Lot Size Square Feet 3300.00
Waterfront Y/N N
Street Name WASHINGTON
Tax Annual Amount 2381.0
Property Condition Excellent
Price Per Sq Ft 187.71
Vacation Rental Y/N N
Virtual Tour https://youriguide.com/773_washington_blvd_baltimore_md/
Days on Market 67
Standard Status Pending
Year Built Source Assessor
Legal Subdivision Ward 21
Tax Lot 009
Buyer Agent Compensation Type % Of Gross
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Exterior
Water Source Public
Type of Parking On Street
Foundation Details Slab
Water View Y/N N
Building Area Total 7192.00
Lot Size Acres 0.08
Lot Size Units Square Feet
Lot Size Source Assessor
Road Responsibility City/County
Land Assessed Value 59400.00
Navigable Water Y/N N
Water Oriented Y/N N
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Internal Only
Street Number 1 773
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* Excluded Features
List By
Karim Harried

Broker

karimharried@gmail.com

Email

Affordability Calculator

$9,171
Per Month
98%
2%
0%
Monthly Principal & Interest
$8,973
Monthly Property Taxes
$198
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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The time to sell is now
THE TIME TO SELL IS NOW!
Nearby
2136830 Elementary School
2137124 Middle School
Unknown High School High School
See complete school information
Pricing History
Date Price Price Change Description
1/13/2024 $1,350,000 Listed Price

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773 Washington Boulevard, Baltimore, MD, 21230 is a Commercial Property for sale at $1,350,000 with 5,950 sqft and a lot size of 0.08. 773 Washington Boulevard is a studio with 0.0 baths and was built in 1900. The property's zip code is 21230 which is in Baltimore, MD

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