1019 Cathedral StBaltimore, MD 21201

Property Details for 1019 Cathedral St

Year built

1900

Construction

BRICK

Lot size

0.07 AC

Property size (Sq ft)

5,601 SF

Zone code

C-2

Property type

Investment properties

Property subtype

Live-work space

APN

11-02-0505 -040

APU

11020505040

Description

This exceptional 5,601 sq ft mixed-use property, located at 1019 Cathedral Street in Baltimore, MD 21201, presents a unique opportunity for owner-users. Built in 1900 and meticulously renovated in 2017, this Class B building boasts a prime storefront location on a vibrant street in the historic Mount Vernon district. The commercial space features 14' high ceilings, track lighting, an art hanging system, a large conference room with AV hookups, ample cabinet space, and a kitchenette with a full-size refrigerator and microwave. A dedicated second-floor office provides additional workspace. The property also includes a 4-car parking garage with an automatic overhead door, a significant advantage for a mixed-use space. The luxurious residential component offers a tranquil setting with a main living room, open kitchen with high-end appliances and granite countertops, a primary suite with a walk-in shower and closet, a guest suite with a full bath, and a convenient in-unit laundry. The property sits on a 3,075 sq ft lot and is zoned C-2. The asking price is $1,250,000 ($223.17/sq ft). Located near Baltimore Penn Station and public transportation, this property offers unparalleled convenience and exposure. This property is subject to the Midtown Special Benefits District Surcharge Tax and is located within the CHAP Mount Vernon Historic District. Consider this a potential 1031 Tax Exchange option.

• CAP approach

  CAP return

  Valuation

  6%

  $1,207,705

  6.5%

  $1,114,805

  7%

  $1,035,176

• Comparable approach

  Method

  Valuation

  Relative Method

  $352,359

  Geo Method

  $352,359

• Alternative Use

  Use

  Valuation

  Residential

  $1,382,358

  Hospitality

  $1,266,232

  Educational

  $1,053,490

  Medical

  $1,089,722

  Retail

  $1,638,763

Location Insight

City

Baltimore

County

Baltimore City

State

Maryland

Latitude

39.3016

Longitude

-76.6174

CBSA code

12580

CBSA name

BALTIMORE-TOWSON, MD METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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