3215 Eastern AveBaltimore, MD 21224

Property Details for 3215 Eastern Ave

Year built

1910

Construction

BRICK

Lot size

0.03 AC

Property size (Sq ft)

1,546 SF

Zone code

C-1

Property type

Mixed-use properties

Property subtype

Other investment properties

APN

26-11-6421 -008

APU

26116421008

Description

This exceptional 1,250 square foot commercial space at 3215 Eastern Avenue in Baltimore, Maryland, is available for lease. Located in the desirable Highlandtown Main Street/Canton area, this property boasts 26 feet of frontage on Eastern Avenue. Completely renovated in 2024, the space offers a blank canvas for a variety of uses, including retail, restaurant, or office. The interior is currently a shell, providing the opportunity for a build-to-suit arrangement to perfectly meet your business needs. The renovation includes new electrical, plumbing, and mechanical systems. The high ceilings, measuring 18 feet, create a spacious and impressive atmosphere. The property is zoned C-1, allowing for flexibility in its use. The owners are actively involved and supportive, offering assistance with liquor licensing, grant applications, and connecting tenants with valuable community resources. Both single-phase and three-phase power are available, catering to diverse operational requirements. This is a unique opportunity to establish your business in a vibrant and rapidly developing area of Baltimore. Don't miss out on this chance to secure a prime location with a supportive ownership team.

• CAP approach

  CAP return

  Valuation

  6%

  $333,353

  6.5%

  $307,711

  7%

  $285,731

• Comparable approach

  Method

  Valuation

  Relative Method

  $97,259

  Geo Method

  $97,259

• Alternative Use

  Use

  Valuation

  Residential

  $381,561

  Hospitality

  $349,508

  Educational

  $290,787

  Medical

  $300,787

  Retail

  $452,335

Location Insight

City

Baltimore

County

Baltimore City

State

Maryland

Latitude

39.2862

Longitude

-76.571

CBSA code

12580

CBSA name

BALTIMORE-TOWSON, MD METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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