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Listed by Quinton G Campbell • Keller Williams Capital Properties
$ 550,000
Est. payment | /mo
$ 550,000
Est. payment | /mo
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Subdivision Pigtown Historic District
MLS Listing ID MDBA2193194
Year Built 1898
Annual Tax Amount $4,605
Tax Year 2025
Property Sub-Type Mixed Use
Source BRIGHT
Property Description
Discover an exceptional investment opportunity in the heart of the Pigtown Historic District! This charming commercial property, built in 1898 and effectively renovated in 2022, offers a unique blend of historic character and modern functionality, making it a prime candidate for savvy investors looking to get in early on a growing and vibrant neighborhood. The recent major renovations have transformed this property into a versatile space that can accommodate a variety of business ventures. The building not only exudes timeless appeal but also promises durability and low maintenance costs. The renovations have enhanced the property's aesthetic and functional aspects, ensuring it meets the needs of today's businesses while preserving its historic charm. Strategically located less than .5 miles from M&T Bank Stadium, Oriole Park at Camden Yards, the Horseshoe Casino, multiple breweries and a number of planned venues. This property boasts excellent accessibility, making it an attractive option for both customers and employees. The surrounding area is experiencing revitalization, with new businesses and developments emerging, which bodes well for future appreciation in property value. Investors can extend the current lease by exercising the existing 5-year option, establish a new lease with a new tenant, or choose to develop the building into a larger mixed-use investment. If the 2nd option is selected, expect strong rental demand, driven by the influx of residents and businesses seeking to establish themselves in this dynamic community. The absence of an association fee means that your investment remains cost-effective, allowing for greater flexibility in managing expenses and maximizing returns. The on-street parking provides convenience for visitors, enhancing the property's appeal to potential tenants or customers. Imagine the possibilities: whether you envision a trendy retail space, a cozy café, or a professional office, this property can adapt to your vision. The historic district ambiance adds a unique selling point that can attract clientele looking for an authentic experience. Investing in this property not only secures a piece of history but also positions you at the forefront of a thriving market. With the recent renovations, you can step into a space that is ready for immediate use, minimizing downtime and maximizing your return on investment. Don't miss out on this rare opportunity to own a piece of the Pigtown Historic District. With its strategic location, modern upgrades, and potential for growth, this property is poised to deliver significant returns for the discerning investor. Seize the moment and make this investment your next success story!
Location
State MD
County Baltimore City
Zoning R-8
Interior
Hot Water Other
Heating Baseboard - Electric, Forced Air
Cooling Central A/C
Heat Source Electric, Natural Gas
Exterior
Water Access N
Accessibility None
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Baltimore City Public Schools
Others
Tax ID 0321060791 033
Ownership Other
Acceptable Financing Cash, Contract, Conventional
Listing Terms Cash, Contract, Conventional
Financing Cash,Contract,Conventional
Special Listing Condition Standard
Learn More About LPT Realty
Patrick Smith
Realtor | License ID: 658929