407 BroadwayBaltimore, MD 21231

Property Details for 407 Broadway

Year built

1920

Construction

BRICK

Lot size

0.09 AC

Property size (Sq ft)

10,188 SF

Zone code

C-1

Property type

Retail space

APN

02-04-1771 -047

APU

2041771047

Description

This exceptional retail storefront opportunity is located at 407-413 S Broadway in Baltimore, Maryland, 21231. The property, built in 1954, offers a total of 24,000 square feet, with 6,500 square feet currently available for lease. This single-tenancy space boasts a prime location in the vibrant Fells Point neighborhood. The space previously housed a food establishment, and features an existing build-out, offering significant potential for a variety of retail uses. The property's address is 407 S Broadway, situated at latitude 39.286147 and longitude -76.593097. This presents a unique chance to establish a business in a well-established and highly trafficked area. The existing infrastructure provides a solid foundation for a quick and efficient setup, minimizing initial investment costs. The 6,500 square feet of vacant space provides ample room for a variety of retail concepts, from restaurants and cafes to boutiques and specialty shops. The property's location within Fells Point offers excellent visibility and accessibility, ensuring high foot traffic and potential for strong sales. This is an ideal opportunity for businesses seeking a well-established location in a thriving Baltimore neighborhood. Don't miss this chance to secure a prominent retail space in a highly desirable area.

• CAP approach

  CAP return

  Valuation

  6%

  $3,229,249

  6.5%

  $2,980,846

  7%

  $2,767,928

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,615,136

  Geo Method

  $1,615,136

• Alternative Use

  Use

  Valuation

  Residential

  $2,514,454

  Hospitality

  $2,303,227

  Educational

  $1,916,258

  Medical

  $1,982,161

  Retail

  $2,980,846

Location Insight

City

Baltimore

County

Baltimore City

State

Maryland

Latitude

39.2863

Longitude

-76.5931

CBSA code

12580

CBSA name

BALTIMORE-TOWSON, MD METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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