Premier Multi-family Conversion Oportunity
About This Property
Marketing description
AHRG has been exclusively retained to present a rare opportunity to acquire a prime mixed-use asset at 219-225 E. Baltimore St., located in the heart of downtown, Baltimore City. This building is a 33,000-square-foot mixed-use retail property that is 100% vacant and ready to be redeveloped for adaptive reuse.
The owner also possesses architectural plans aimed at redeveloping the upper level into residential lofts.
Active and Scheduled Redevelopment: This building is situated directly adjacent to two planned office-to-multifamily conversions, all located on the same block (231 E Baltimore St and 201 E Baltimore).
Land Assembly Opportunity: Should a developer or new operator seek to increase the permissible buildable square footage, multiple owners have expressed willingness to proceed with a disposition, contingent on the price guidance aligning with their expectations.
Investment highlights
- Adaptive reuse opportunity
- Heavy foot traffic directly in the heart of downtown Baltimore
- Potential Multifamily conversion
- Land Assembalage potential
- Directly adjacent to the two new redevelopment projects
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