3604 Eastern AveBaltimore, MD 21224

Property Details for 3604 Eastern Ave

Year built

2009

Lot size

0.06 AC

Property size (Sq ft)

10,800 SF

Zone code

C-1-E

Property type

Office buildings

APN

26-10-6315 -006

APU

26106315006

Description

This exceptional four-story, 11,000 square foot office building, constructed in 2008, presents a unique investment opportunity in Baltimore's vibrant Highlandtown neighborhood. The property boasts a desirable mix of private offices and open bullpen areas, catering to diverse business needs. Convenient elevator service ensures efficient access to all four floors. Modern amenities include a comprehensive sprinkler system and a state-of-the-art security system, prioritizing safety and peace of mind. The building is currently generating income, making it an attractive option for investors seeking a stable return. Its strategic location near the expanding Canton developments offers excellent potential for future growth and appreciation. The property's versatile layout makes it ideal for an owner-user seeking a prominent location to establish or expand their business. This is a rare opportunity to acquire a well-maintained, income-producing office building in a thriving Baltimore City location. The property is classified as both retail and office space, offering flexibility for various business models. Interested parties are encouraged to inquire for further details and to explore the potential of this exceptional commercial property.

• CAP approach

  CAP return

  Valuation

  6%

  $2,328,730

  6.5%

  $2,149,596

  7%

  $1,996,054

• Comparable approach

  Method

  Valuation

  Relative Method

  $679,428

  Geo Method

  $679,428

• Alternative Use

  Use

  Valuation

  Residential

  $2,665,500

  Hospitality

  $2,441,583

  Educational

  $2,031,369

  Medical

  $2,101,230

  Retail

  $3,159,907

Location Insight

City

Baltimore

County

Baltimore City

State

Maryland

Latitude

39.2868

Longitude

-76.5668

CBSA code

12580

CBSA name

BALTIMORE-TOWSON, MD METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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