118 Mulberry StBaltimore, MD 21201

Property Details for 118 Mulberry St

Construction

BRICK

Lot size

0.03 AC

Property size (Sq ft)

5,160 SF

Zone code

C-5HT

Property type

Office properties

Property subtype

Office buildings

APN

04-02-0564 -007

APU

4020564007

Description

This exceptional mixed-use property, located at 118 W Mulberry St, Baltimore, MD 21201, presents a compelling investment opportunity. The 5,210 square foot building, classified as Class C, is priced at $828,390 ($159/sq ft). Situated in Baltimore's Bromo Art and Entertainment District, it enjoys a prime corner location at Park Ave and W Mulberry St, directly across from new residential complexes. The four-story building features a first-floor commercial space ideal for retail or a showcase business, complemented by high ceilings, large windows throughout, and a rooftop balcony. Its versatile design lends itself to various uses, including creative studios, office space, or multi-family dwellings. The C-5 Downtown zoning allows for extensive reuse, readaptation, or redevelopment. Its proximity to key landmarks like Mercy Hospital, Indigo Hotel, Lexington Market, and UMMS, coupled with excellent walkability and access to major transportation routes (including the new Red Line), ensures high visibility and convenience. This rapidly developing area offers significant potential for future appreciation, making this property an attractive investment for developers, investors, and businesses seeking a vibrant and accessible location. The building's features and location make it suitable for a wide range of uses, from law firms and art galleries to co-working spaces and multi-family residences.

• CAP approach

  CAP return

  Valuation

  6%

  $1,112,615

  6.5%

  $1,027,029

  7%

  $953,670

• Comparable approach

  Method

  Valuation

  Relative Method

  $324,616

  Geo Method

  $324,616

• Alternative Use

  Use

  Valuation

  Residential

  $1,273,516

  Hospitality

  $1,166,534

  Educational

  $970,543

  Medical

  $1,003,921

  Retail

  $1,509,733

Location Insight

City

Baltimore

County

Baltimore City

State

Maryland

Latitude

39.2942

Longitude

-76.618

CBSA code

12580

CBSA name

BALTIMORE-TOWSON, MD METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].