
1325 Eastern Ave
Retail & Creative Loft | 7,932 SF
Marketing description
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. 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.
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, the Legg Mason Tower, 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 & 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
- Prime Retail Investment Opportunity in Baltimore's Harbor East neighborhood
- 7,932 SF building constructed in 1920 and tastefully renovated in 2017
- Zoned C-2 with versatile usage options
- Corner location at Eastern Avenue and Eden Street - one of the busiest intersections in Harbor East
- Projected Cap Rate of 9.82%
- Projected NOI of $171,824
- Stabilized Value of $2,451,057 at 7.00% Cap Rate
- Digital signage affixed to building (installed 2017, estimated cost $50,000) - not subject to monthly or annual fees
- The Property is situated on the same block as the Fleet Street & Eden Street Parking Garage, featuring 851 unreserved parking spaces
- Clean Phase I & Phase II can be provided upon request
- Investment Type: Owner-user, Net Investment
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