227 Mulberry StBaltimore, MD 21201

  • Mixed-use properties
  • 1,350 SF
For Sale
$70,000 View listing

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
227 Mulberry St, Baltimore, Maryland

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

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
$1,404
$31,100
$28,400
$59,500
-
$31,100
$28,400
$59,500

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