3200 Eastern AveBaltimore, MD 21224

Property Details for 3200 Eastern Ave

Year built

1920

Construction

BRICK

Lot size

0.06 AC

Property size (Sq ft)

5,264 SF

Zone code

C-1

Property type

Office properties

Property subtype

Office buildings

APN

26-12-6297 -001

APU

26126297001

Description

This exceptional Class A office building, located at 3200 Eastern Avenue in Baltimore, Maryland, 21224, presents a unique investment opportunity. The 5,400 square foot building is currently 100% occupied under a net lease and boasts a desirable location in Highlandtown. The property features a thoughtfully designed layout, ideal for a variety of uses including medical, counseling, or non-profit organizations. A full renovation was completed in 2012, ensuring modern amenities and functionality. The building offers ample on-site parking with 16 spaces. Beyond the main two-story office space, there's an unfinished lower level of approximately 1,800 square feet, perfect for storage or future expansion. The asking price is $1,400,000, translating to $259.26 per square foot. This property is for sale by owner and is perfect for both owner-occupiers and investors seeking a stable, high-performing asset. The building's versatile design and prime location make it an attractive option for a wide range of businesses. This is a rare opportunity to acquire a well-maintained, fully occupied office building in a thriving Baltimore neighborhood.

• CAP approach

  CAP return

  Valuation

  6%

  $1,135,040

  6.5%

  $1,047,729

  7%

  $972,891

• Comparable approach

  Method

  Valuation

  Relative Method

  $331,158

  Geo Method

  $331,158

• Alternative Use

  Use

  Valuation

  Residential

  $1,299,184

  Hospitality

  $1,190,046

  Educational

  $990,104

  Medical

  $1,024,155

  Retail

  $1,540,162

Location Insight

City

Baltimore

County

Baltimore City

State

Maryland

Latitude

39.2867

Longitude

-76.5714

CBSA code

12580

CBSA name

BALTIMORE-TOWSON, MD METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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