200 W Lorraine Ave - Storefront Retail/Residential FOR SALE


Baltimore, MD 21211- Remington | 
$200,000 USD
410-235-9500
200 W Lorraine Ave, Baltimore, MD for Sale
$200,000 USD
Storefront Retail/Residential - FOR SALE
1/28
null | Request Cap Rate

NEW


200 W Lorraine Ave
Baltimore, MD 21211
Remington


HIGHLIGHTS

  • Low Acquisition Cost: $50,000 per proposed unit and $109 per square foot leaves room for renovation.
  • Four-Unit Potential: Redesign the existing residential and commercial space into four modern apartments.
  • Four-Unit Potential: Redesign the existing residential and commercial space into four modern apartments.

OVERVIEW

Four-Unit Gut-Rehab Opportunity in Remington Ben Frederick Realty, Inc. is pleased to present 200 West Lorraine Avenue, a full gut-rehab opportunity with the potential to create four modern apartments in one of Central Baltimore’s most active investment areas. Offered at $200,000, the property is priced at just $50,000 per proposed unit and $109 per square foot. Remington has attracted more than $70 million in investment along three blocks of Remington Avenue, adding more than 100 apartments, neighborhood retail, restaurants and community destinations including Remington Row and R. House. This sustained investment, combined with proximity to Johns Hopkins University, Hampden and Charles Village, has established Remington as a desirable neighborhood for renters and continued redevelopment. The property is directly across from Sweet 27, 1.5 blocks from R. House, two blocks from Wyman Park Dell and four blocks from Johns Hopkins University’s Homewood Campus. A Walk Score of 96, Transit Score of 78 and Bike Score of 89 provide future tenants with convenient access to restaurants, shopping, universities, parks and public transportation. Situated at Howard Street and West Lorraine Avenue, the corner property includes two above-grade floors, a full unfinished basement and 1,834 square feet of gross building area. Windows along multiple elevations provide additional natural light and flexibility when designing the proposed apartments. The building contains areas formerly used for residential and commercial purposes and requires a complete renovation.

FOR SALE DETAILS

PRICE

$200,000 USD

PRICE/SF

$136 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1914

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.01 AC

LAND SF

645 SF

ZONING

C1

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Tom FairBen Frederick Realty, Inc.More Info
410-235-9500

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Tom FairBen Frederick Realty, Inc.More Info
410-235-9500

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.