301 Lombard StBaltimore, MD 21201

Property Details for 301 Lombard St

Lot size

1.00 AC

Zone code

B-5-2

Property type

Commercial real estate

APN

04-11-1381 -002

APU

4111381002

Description

This exceptional Baltimore property, formerly the Downtown Holiday Inn, offers a unique opportunity for multiple retail and restaurant tenants. Completely renovated in 2023, this two-building complex boasts 13,698 square feet of vacant space across five suites, with a maximum contiguous space of 8,000 square feet. The property features a C-5 DC zoning designation, ideal for a variety of commercial uses, including cafes, commercial kitchens, restaurants, bars, and arcades. Located at 301 W Lombard St, Baltimore, MD 21201, near Howard Street, this prime Downtown location benefits from high foot traffic and proximity to major attractions. These include Oriole Park at Camden Yards, M&T Bank Stadium, CFG Bank Arena, the University of Maryland Medical Center, the University of Maryland Law School, and the Baltimore Convention Center. The property includes ample parking with 250 spaces and elevators for convenient access across the single-story buildings. Built in 1964, this revitalized space is perfectly positioned to attract young professionals working in the surrounding area. The property is part of a larger development that includes 365 new market-rate studio apartments, ensuring a vibrant and growing customer base. This is an unparalleled chance to establish a thriving business in a dynamic and desirable location.

• CAP approach

  CAP return

  Valuation

  6%

  $10,623,600

  6.5%

  $9,806,420

  7%

  $9,105,960

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,734,890

  Geo Method

  $2,734,890

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $18,254,600

  Retail / Commercial

  $9,566,810

  Mixed-Use / Specialty

  $9,694,990

  Hospitality / Lodging

  $7,324,190

  Office

  $9,806,420

  Institutional / Educational

  $10,136,900

  Residential Income

  $11,860,200

  Multifamily

  $13,324,800

  Automotive / Energy

  $8,688,760

  Parking / Income-Based Land

  $2,838,050

  Restaurant / Food Service

  $5,388,780

  Healthcare / Senior Housing

  $9,775,610

Location Insight

City

Baltimore

County

Baltimore City

State

Maryland

Latitude

39.2874

Longitude

-76.6104

CBSA code

12580

CBSA name

BALTIMORE-TOWSON, MD METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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