300 Fayette StBaltimore, MD 21201

  • Office buildings
  • 121,825 SF

Property Details for 300 Fayette St

Year built
1907
Construction
BRICK
Lot size
0.38 AC
Property size (Sq ft)
121,825 SF
Zone code
C-5DC
Property type
Office buildings
APN
04-10-0619 -001
APU
4100619001

Description

This exceptional 121,825 square foot retail property, located at 300 W Fayette Street in Baltimore, MD's vibrant Bromo Arts District, offers two available spaces totaling 2,550 square feet. Recently renovated in 2023, this converted apartment building (originally built in 1907) provides a unique opportunity for businesses seeking a high-visibility location. Units range from a minimum of 520 square feet to a maximum contiguous space of 2,550 square feet, offering flexibility for various retail concepts. The landlord will deliver a "warm vanilla shell" finish, including access to all mechanicals for separately metered units. Features include high ceilings, ADA-compliant ramp accessibility, and concrete base flooring. The property benefits from direct access to the residential units above, enhancing foot traffic and potential customer base. A covered loading area is conveniently located at the rear of the building. Furthermore, the building ownership also owns an adjacent parking garage, offering potential parking solutions for tenants. The property is zoned C-3 and is situated in the desirable Bromo Arts submarket of Baltimore County, zip code 21201. Currently, 3,070 square feet are vacant. This is an unparalleled opportunity to establish a thriving business in a dynamic and rapidly growing area.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $26,268,284
    6.5%
    $24,247,646
    7%
    $22,515,672
  • Comparable approach

    Method
    Valuation
    Relative Method
    $7,664,011
    Geo Method
    $7,664,011
  • Alternative Use

    Use
    Valuation
    Residential
    $30,067,082
    Hospitality
    $27,541,286
    Educational
    $22,914,026
    Medical
    $23,702,074
    Retail
    $35,644,040

Location Insight

City
Baltimore
County
Baltimore City
State
Maryland
Latitude
39.2908
Longitude
-76.6201
CBSA code
12580
CBSA name
BALTIMORE-TOWSON, MD METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$47,453
-
-
$2,010,733
-
$1,655,300
$760,800
$2,416,100

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