1325 Eastern Ave
Retail & Creative Loft | 7,932 SF
Marketing description
Property Description
NOI ($172k) IS A PROJECTION. OWNER-USER WILL VACATE GROUND LEVEL RETAIL SPACE UPON SALE. Prime Retail Investment Opportunity in Baltimore, MD! This 7,932 SF building, constructed in 1920 and tastefully renovated in 2017, presents an ideal retail investment in the thriving Harbor East neighborhood of Baltimore City. Perfect owner-user opportunity. Zoned C-2, the property offers versatile usage options and excellent visibility for retail businesses. With its rich historical character and modern updates, this space is primed to attract discerning retail tenants. Don't miss the chance to invest in this impressive property with a prime location and significant potential for a strong return on investment.
Location Description
Discover the vibrant neighborhood of Harbor East, Baltimore. This dynamic waterfront community offers an enticing blend of upscale shops, fine dining restaurants, and luxury living. Just moments from the property, investors will find iconic attractions such as the Four Seasons Hotel, Whole Foods, and the charming promenade along the Inner Harbor. With its modern architecture, scenic waterfront views, and vibrant atmosphere, Harbor East presents an exceptional opportunity for retail and street retail investors seeking to be part of a thriving and sophisticated urban district. Located on the corner of Eastern Avenue and Eden Street, the subject property is situated on one of the busiest intersections in this vibrant community.
Investment highlights
Exterior Description
Beautiful pointed brick construction with quintessential Baltimore decorative paint job on the Eden Street side of the Property | Corner storefront with two entrances | Double paned windows with black trim | Accent LED lighting along exterior | highly visible digital signage opportunity | At grade loading in Rear with black industrial doors | Exterior ladder access to roof and HVAC compressor units, water tower
Interior Description
1st Floor: Currently operating as Zips Cleaners, with franchise ending agreement and vacating in September 2026. Approximately 3,966 square feet of retail space, inclusive of check-out counter, garment conveyor belt system, ADA changing room, ADA restroom, open work space, sprinkler room, electrical room, and energy efficient plumbing and electrical. The space also features two (2) tankless water heaters. PLEASE NOTE: Zips has not dry cleaned clothes in this location since 2020. Owners can provide a clean Phase I & Phase II upon lender request.
2nd Floor: Beautiful open, loft style space with entrance on Eastern Ave. The windows line the eastern wall of the premises, which provide pleasant natural morning light. The space features brick that has been beautifully repointed, and black trim which accent the space very well. In addition to the quintessential charm of the brick, the space also features historic industrial features, such as a "gear" and "wheel" from the time of its original construction. The mechanicals for the space are as follows: (i) sprinkler system with heads turned up (ii) 120/208 V, 125 amp electrical panel, separately metered (iii) incandescent lighting fixtures (iv) plywood floors and reinforced structure (v) wired space heaters
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