506 BroadwayBaltimore, MD 21231

This exceptional mixed-use property in Baltimore's vibrant Fells Point neighborhood presents a compelling investment opportunity. Located at 506 S Broadway, this three-story building boasts 4,558 square feet of net rentable space, spread across two units, each approximately 2,279 square feet. Built in 1920, the property sits on a 2,850 square foot lot and is zoned C-1, allowing for a wide range of uses. Permitted uses include, but are not limited to: daycare, multi-family dwellings, dormitories, fraternity/sorority housing, residential care facilities, rooming houses, places of worship, animal clinics, art galleries/studios, financial institutions, health and fitness centers, offices, personal service businesses, restaurants, and retail sales. The upper level, previously occupied by a boxing gym, features a separate entrance and stairway, with ample street-facing windows. The property offers a strong 10.14% capitalization rate and a substantial net operating income (NOI) of $71,000, with an asking price of $700,000 ($153.58 per square foot). This is a rare chance to acquire a well-situated, versatile property in a highly desirable area. The building's history and flexible zoning make it an ideal investment for a variety of entrepreneurial ventures.