414-416 E Baltimore Street

Baltimore, MD 21202

Offering Memorandum

The Offering

Summary

  • List Price $1,150,000
  • Gross Building Area 19,430 SF
  • Price Per SF $59.19
  • Product Type Mixed-Use
  • Product Subtypes Retail & Office
  • Potential Uses Retail, Office, Multifamily, Hospitality
  • Occupancy 0%
  • Zoning C-5 DC/AU

Investment Summary

Feldman Ruel is pleased to offer for sale 414-416 E Baltimore Street, in Baltimore, MD. The subject property is situated four blocks from the Baltimore Inner Harbor and will be delivered vacant. This 19,430-square-foot, five-level (including a finished sublevel) building was most recently occupied by the Two O'clock Club and Club Mula, two bars/nightclubs which occupied the sublevel, first level, and second level. The 3,320-square-foot third level and 3,446-square-foot fourth level have been vacant for years. These levels can be redeveloped into office, multifamily, or an extension of the retail space. The subject property is a blank canvas that a savvy investor or club owner can reimagine and present a new concept to this submarket in a quality location. Each level has an open floor plan which allows for a myriad of uses and configurations.

Baltimore City's C-5 DC/AU zoning district is designed to support a dense, mixed-use urban environment in the heart of downtown Baltimore. This zoning designation allows for a wide range of uses while promoting a vibrant, pedestrian friendly atmosphere. Residential uses include multifamily, live-work dwellings, and living dwellings above non-residential ground levels. Retail establishments, restaurants, bars, and hotels are all allowable uses under this zoning as well. Entertainment and recreation uses include theaters and performance venues, art galleries, and fitness centers.

Investment Highlights

• 5-Level Mixed-Use Property with 19,430 Square Feet of Gross Building Area

• Significant Value-Add Opportunity at $59.19/SF | Offered Well Below Replacement Cost

• C-5 DC/AU Zoning Permits Multiple Uses Including Retail, Office, & Multifamily
• Open Floor Plans throughout with Ceiling Heights of 9'-17' Across All Levels

• Located in Baltimore City's Central Business District | 4 Blocks from the Inner Harbor

Listing Agents

LaMarr Datcher

LaMarr Datcher

Associate Director
Feldman Ruel
(240) 932-0004
Chris Chadwick

Chris Chadwick

Managing Director
Direct: (202) 932-5080