2330 Monument StBaltimore, MD 21205

Property Details for 2330 Monument St

Year built

1910

Construction

BRICK

Lot size

0.04 AC

Property size (Sq ft)

3,510 SF

Zone code

C-1

Property type

Retail space

APN

07-02-1623 -059

APU

7021623059

Description

This 3,510 square foot property located at 2330 E Monument Street in Baltimore, Maryland presents a unique investment opportunity. Situated on a 0.04-acre lot, the building is being sold "as is," indicating a need for significant renovations and repairs. The property's current condition requires a buyer prepared to undertake substantial improvements. The asking price is $175,000, reflecting the property's condition and the potential for future value appreciation after renovations. Given its location in Baltimore, the property may be suitable for various uses, depending on the scope of the planned renovations and local zoning regulations. Prospective buyers should conduct their own due diligence to assess the property's potential and the costs associated with bringing it up to code and desired functionality. This includes, but is not limited to, a thorough inspection of the building's structure, systems, and compliance with all applicable building codes and regulations. The property's size and location offer a potential for significant return on investment for a buyer with the vision and resources to complete the necessary renovations. Serious inquiries only.

• CAP approach

  CAP return

  Valuation

  6%

  $1,112,550

  6.5%

  $1,026,970

  7%

  $953,615

• Comparable approach

  Method

  Valuation

  Relative Method

  $556,452

  Geo Method

  $556,452

• Alternative Use

  Use

  Valuation

  Residential

  $866,287

  Hospitality

  $793,515

  Educational

  $660,195

  Medical

  $682,900

  Retail

  $1,026,970

Location Insight

City

Baltimore

County

Baltimore City

State

Maryland

Latitude

39.2989

Longitude

-76.5841

CBSA code

12580

CBSA name

BALTIMORE-TOWSON, MD METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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