227 Mulberry StBaltimore, MD 21201
- Mixed-use properties
- 1,350 SF
Property Details for 227 Mulberry St
- Year built
- 1920
- Construction
- BRICK
- Lot size
- 0.01 AC
- Property size (Sq ft)
- 1,350 SF
- Zone code
- C-5HS
- Property type
- Mixed-use properties
- Property subtype
- Other investment properties
- APN
- 04-02-0578 -023
- APU
- 4020578023
Description
This three-story, 1,350-square-foot mixed-use building at 227 W Mulberry St, Baltimore, MD 21201, presents a compelling redevelopment opportunity. Built in 1920, this C-class property sits on a 622-square-foot lot and is zoned C-5HS. Currently vacant, the building offers three units, believed to be configured as commercial space on the main level, a kitchen, living, and dining area on the second, and two bedrooms and a bathroom on the third. An unfinished basement is also present. The property's prime downtown location offers easy access to major arteries like W Baltimore St and Saint Paul St, and proximity to Lexington Market, University of Maryland Medical Center, Oriole Park, M&T Bank Stadium, and the Baltimore Convention Center. The property is subject to a ground lease with an annual ground rent of $0.01. Real estate taxes are $1,404.20 annually. The sale is free and clear of all liens. This is a pre-auction offering, with the auction beginning November 13th at 10:00 AM and ending November 15th at 11:10 AM. The buyer is responsible for verifying all zoning, permits, licenses, and usage.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $291,091
- 6.5%
- $268,700
- 7%
- $249,507
-
Comparable approach
- Method
- Valuation
- Relative Method
- $84,928
- Geo Method
- $84,928
-
Alternative Use
- Use
- Valuation
- Residential
- $333,187
- Hospitality
- $305,198
- Educational
- $253,921
- Medical
- $262,654
- Retail
- $394,988
Location Insight
- City
- Baltimore
- County
- Baltimore City
- State
- Maryland
- Latitude
- 39.2938
- Longitude
- -76.6192
- CBSA code
- 12580
- CBSA name
- BALTIMORE-TOWSON, MD METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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