1400 Aliceanna StBaltimore, MD 21231

Property Details for 1400 Aliceanna St

Year built

1920

Construction

BRICK

Lot size

0.47 AC

Property size (Sq ft)

33,632 SF

Zone code

C-5DE

Property type

Warehouses

APN

03-07-1806 -005

APU

3071806005

Description

This distressed property, The Anne on Aliceanna, presents a unique investment opportunity. Located in Baltimore, MD, at 1400 Aliceanna St, zip code 21231, this five-story apartment building boasts approximately 113,000 square feet of net rentable area. The 0.48-acre lot houses 100 apartment units and an additional 16,125 square feet of street-level retail space, strategically positioned between Harbor East and Fells Point. Currently under construction, this multifamily property is being offered in a foreclosure auction scheduled for Friday, March 14, 2025, at 11:00 AM at the Clarence M. Mitchell Courthouse (Calvert Street entrance), 100 North Calvert Street, Baltimore, MD 21202. The building is currently vacant. This is a prime opportunity to acquire a substantial multifamily asset in a desirable Baltimore location. The auction presents a chance to acquire this property at a distressed sale price. Serious investors are encouraged to investigate this unique opportunity.

• CAP approach

  CAP return

  Valuation

  6%

  $15,299,200

  6.5%

  $14,122,300

  7%

  $13,113,600

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,385,260

  Geo Method

  $3,385,260

• Alternative Use

  Use

  Valuation

  Retail / Commercial

  $7,401,170

  Mixed-Use / Specialty

  $7,500,330

  Hospitality / Lodging

  $5,666,210

  Office

  $7,586,540

  Institutional / Educational

  $7,842,190

  Residential Income

  $9,175,360

  Multifamily

  $10,308,400

  Automotive / Energy

  $6,721,880

  Parking / Income-Based Land

  $2,195,600

  Restaurant / Food Service

  $4,168,920

  Healthcare / Senior Housing

  $7,562,700

Location Insight

City

Baltimore

County

Baltimore City

State

Maryland

Latitude

39.2836

Longitude

-76.5977

CBSA code

12580

CBSA name

BALTIMORE-TOWSON, MD METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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