600 Pratt StBaltimore, MD 21202

Property Details for 600 Pratt St

Year built

2005

Lot size

1.05 AC

Property size (Sq ft)

107,916 SF

Zone code

R-8

Property type

Super regional malls

APN

04-11-1384 -002

APU

4111384002

Description

Lockwood Place, located at 600 E Pratt St in Baltimore, MD 21202, presents a unique opportunity for retail businesses seeking high visibility and accessibility. This 3,200 square foot retail space is situated in a prime location at the intersection of Baltimore's business and entertainment districts, offering unparalleled exposure to a large and diverse customer base. The property is conveniently located steps away from major attractions such as The National Aquarium in Baltimore, Power Plant Live!, the Inner Harbor, and Baltimore's World Trade Center, ensuring consistent foot traffic and high brand visibility. The building boasts excellent signage opportunities along the heavily trafficked East Pratt Street, maximizing marketing potential. Furthermore, the adjacent Lockwood parking garage provides ample parking for customers and employees, with a total of 240 spaces available. This entire 3,200 square foot space is currently vacant, presenting a blank canvas for a new tenant to customize and develop. The property is classified as a shopping center with multiple suites, although this listing only includes the single, available 3,200 square foot unit. This exceptional location within Baltimore City County offers an unparalleled opportunity to establish a thriving retail presence in a vibrant and dynamic urban environment.

• CAP approach

  CAP return

  Valuation

  6%

  $25,727,400

  6.5%

  $23,748,400

  7%

  $22,052,000

• Comparable approach

  Method

  Valuation

  Relative Method

  $7,060,560

  Geo Method

  $7,060,560

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $45,314,700

  Mixed-Use / Specialty

  $24,066,500

  Hospitality / Lodging

  $18,181,300

  Office

  $24,343,100

  Institutional / Educational

  $25,163,500

  Residential Income

  $29,441,300

  Multifamily

  $33,077,000

  Automotive / Energy

  $21,568,700

  Parking / Income-Based Land

  $7,045,090

  Restaurant / Food Service

  $13,376,900

  Healthcare / Senior Housing

  $24,266,700

Location Insight

City

Baltimore

County

Baltimore City

State

Maryland

Latitude

39.2869

Longitude

-76.6078

CBSA code

12580

CBSA name

BALTIMORE-TOWSON, MD METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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