3601 GreenwayBaltimore, MD 21218

Property Details for 3601 Greenway

Lot size

0.00 AC

Property size (Sq ft)

180 SF

Zone code

R-9

Property type

Retail properties

Property subtype

Parking lots & garages

APN

12-18-3732 -170

APU

12183732170

Description

This exceptional 2,650 square foot office condo in Baltimore, Maryland, presents a fantastic investment opportunity. Located at 3601 Greenway, zip code 21218, this property is ideally situated and offers versatile space suitable for various uses, including creative office, medical office, or traditional office settings. The building, constructed in 1955 and renovated in 1979, boasts two units, currently vacant, and is zoned R-9. The asking price is $200,000, translating to $75.47 per square foot. The property features three parking spaces, a significant advantage in this area. Previously occupied for over two decades by a women's medical practice, the space includes several rooms equipped with hand washing sinks, reflecting its past medical use. An elevator provides convenient access to all levels. The attractive landscaping enhances the overall appeal of the building. This is a rare opportunity to acquire a well-maintained, versatile office condo in a desirable Baltimore location. The property's history and features make it an ideal choice for a variety of businesses seeking a move-in ready space with established infrastructure. Don't miss this chance to own a piece of Baltimore's commercial real estate market.

• CAP approach

  CAP return

  Valuation

  6%

  $57,054

  6.5%

  $52,665

  7%

  $48,903

• Comparable approach

  Method

  Valuation

  Relative Method

  $28,536

  Geo Method

  $28,536

• Alternative Use

  Use

  Valuation

  Residential

  $44,425

  Hospitality

  $40,693

  Educational

  $33,856

  Medical

  $35,021

  Retail

  $52,665

Location Insight

City

Baltimore

County

Baltimore City

State

Maryland

Latitude

39.3316

Longitude

-76.6153

CBSA code

12580

CBSA name

BALTIMORE-TOWSON, MD METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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