429 N Eutaw St - Office FOR SALE


Baltimore, MD 21201- Historic Baltimore
$695,000 USD
410-235-9500
429 N Eutaw St, Baltimore, MD for Sale
$695,000 USD
Office - FOR SALE
1/50
null | Request Cap Rate

NEW


429 N Eutaw St
Baltimore, MD 21201
Historic Baltimore


HIGHLIGHTS

  • $57 Per Square Foot: Acquire a 12,180-square-foot historic commercial building at a basis that leaves substantial room for redevelopment.
  • Historic Character: 13- to 18-foot ceilings, 13-foot window openings, preserved black marble storefront, and expansive floor plates.
  • Flexible C-5DC Zoning: Multifamily, mixed-use, and commercial uses permitted by right with no dwelling unit caps, parking minimums, or setback reqs.

OVERVIEW

The Charles Fish & Sons Building The Charles Fish & Sons Building presents the opportunity to acquire one of Downtown Baltimore's most recognizable historic commercial buildings. Situated prominently at the corner of North Eutaw and Franklin Streets, the 12,180-square-foot property is well suited for adaptive reuse, owner occupancy, or continued commercial use. Originally constructed in 1881 as the home of the Baltimore College of Dental Surgery, the world's first dental school, the building later became the iconic Charles Fish & Sons department store. Today, its preserved black marble storefront, expansive floor plates, 13- to 18-foot ceiling heights, and dramatic 13-foot-tall window openings provide the architectural character sought by today's developers and owner-users. The building is currently configured as six commercial suites, including four office suites and a restaurant occupying two connected first-floor suites with direct access to a large walk-in basement. Existing infrastructure includes a passenger elevator, sprinkler and fire alarm systems, individually controlled HVAC systems, a 1,200-amp electrical service with nine separately metered 200-amp commercial suites, and commercial kitchen infrastructure with an Ansul suppression system. Located two blocks from Lexington Market and within walking distance of the University of Maryland Medical Center, BioPark, and Baltimore's Central Business District, 429 North Eutaw benefits from Metro Subway, Light Rail, MARC commuter rail, I-83, and I-95 access. Flexible C-5DC zoning permits multifamily, mixed-use, and commercial uses by right with no dwelling unit caps, off-street parking requirements, or setback requirements. The property is also located within Baltimore City's Enterprise Zone, where qualifying projects may be eligible for redevelopment incentives, subject to applicable program requirements.

FOR SALE DETAILS

PRICE

$695,000 USD

PRICE/SF

$51 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

The Towner Bldg

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

3

BUILDING CLASS

B

YEAR BUILT

1888

SPRINKLERS

-

PARKING SPACES

101

LAND DETAILS

LAND ACRES

0.33 AC

LAND SF

14,305 SF

ZONING

C-5DC

APN/PARCEL ID

0562-040

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.