300 Water St - Office FOR SALE


Baltimore, MD 21202- Historic Baltimore
$200,000 USD
410-977-4711
300 Water St, Baltimore, MD for Sale
$200,000 USD
Office - FOR SALE
1/48
null | Request Cap Rate

300 Water St
Baltimore, MD 21202
Historic Baltimore


OVERVIEW

GUIDED TOUR TO TAKE PLACE MONDAY, MARCH 10TH PROMPTLY AT 11:30AM. List price to be opening bid at online only auction. Online auction to be conducted on Auctioneers website. Bidding begins Thursday, March 20th & ends Tuesday, March 25, 2025 at 12:00PM. The Canton House is an historic building constructed in 1923 for the Canton Company. The Canton Company was founded in 1828 for the purpose of developing hundreds of acres of land in East Baltimore. It is constructed in a colonial revival style with marble facade on the ground level and brick laid in a Flemish bond pattern on the upper levels. The 4 1/2-story office building contains approx. 14,000 sq. ft. of above grade area and approx. 3,136 sq. ft. of lower level area. The building is zoned C-5-TO (Downtown Traditional Office Subdistrict) and sits on a 0.072+/- acre corner lot with frontage on Water and South Streets. The building features an elevator that serves all 6 levels. Main level contains a large lobby, 2 restrooms and 2 large storage rooms Level 2 contains 7 offices, 2 conference rooms, secure storage area with safe, kitchenette and 2 restrooms. Level 3 contains 7 offices plus storage rooms, kitchenette and 2 restrooms. Level 4 contains 4 offices, conference room, 2 additional bonus rooms, kitchenette and 2 restrooms. Level 5 contains a large open space with carpet, storage area and 1 bathroom. The lower level is full and unfinished with ample storage, gym and numerous mechanicals. The Baltimore City Zoning Code describes the C-5-TO District as follows: "The purpose of the C-5-TO Downtown Traditional Office Subdistrict is: (i)to establish these standards for structures in an area that primarily consists of early 20th Century office development; and (ii)to seek to maintain a distinctive and desirable environment." Diligence Package: Copy of the purchase and sale agreement with assorted addenda are located in the documents section. In order to gain access, you must create a free account as well as accept a non-disclosure agreement. Auction Notes: Online Auction Only! Bidding begins Thursday, March 20th & ends Tuesday, March 25, 2025 at 12:00PM. Online Bidding Notes: The initial deposit must be made via credit card, wire transfer or by Cashier's Check. Please review the online bidding terms and deposit transmittal form in the Documents Section for more details. If a lot receives a bid within the last 3 minutes. it will remain open for an additional 3 minutes. If any further bidding occurs, the extension timer will reset to 3 minutes. If no further bidding activity occurs, the lot closes when the timer runs out.

FOR SALE DETAILS

PRICE

$200,000 USD

PRICE/SF

$13 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY NAME

Canton House

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

5

BUILDING CLASS

B

YEAR BUILT

1905

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.07 AC

LAND SF

3,136 SF

ZONING

C-5-TO

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Matt CooperAlex Cooper Auctioneers, Inc.More Info
410-977-4711

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Matt CooperAlex Cooper Auctioneers, Inc.More Info
410-977-4711

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