227 Mulberry StBaltimore, MD 21201

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

Investment properties

Property subtype

Live-work space

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.

• CAP approach

  CAP return

  Valuation

  6%

  $326,155

  6.5%

  $301,066

  7%

  $279,561

• Comparable approach

  Method

  Valuation

  Relative Method

  $86,627.10

  Geo Method

  $86,627.10

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $566,875

  Retail / Commercial

  $297,086

  Hospitality / Lodging

  $227,444

  Office

  $304,526

  Institutional / Educational

  $314,788

  Residential Income

  $368,302

  Multifamily

  $413,784

  Automotive / Energy

  $269,818

  Parking / Income-Based Land

  $88,132.20

  Restaurant / Food Service

  $167,342

  Healthcare / Senior Housing

  $303,570

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

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