$950,000
520 FORREST ST Baltimore, MD 21202
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$950,000
Est. payment /mo
11,000 SqFt
Active
520 FORREST ST Baltimore, MD 21202
UPDATED:
10/18/2024 01:51 PM
Key Details
Property Type Commercial
Sub Type Office
Listing Status Active
Purchase Type For Sale
Square Footage 11,000 sqft
Price per Sqft $86
MLS Listing ID MDBA2143678
Originating Board BRIGHT
Year Built 1937
Annual Tax Amount $5,763
Tax Year 2024
Lot Size 3,326 Sqft
Acres 0.08
Property Description
We are excited to introduce Art at 520, an exceptional investment opportunity. This fully renovated building offers strong cash flow from long-term tenants, providing both stability and flexibility for the future. Whether you choose to retain the current tenants or implement your own vision, this property gives you the opportunity to maximize returns.
The sale includes 520 Forrest Street and 1055-1057 Hillen Street, both of which have undergone comprehensive renovations, minimizing future building maintenance and capital improvement costs.
Strategically located, the property is easily accessible from downtown, I-83, Route 40, and Harbor East. In addition, Art at 520 is positioned within the proposed Old Town Mall-Somerset Homes redevelopment area, adding a complementary and valuable use to this rapidly evolving neighborhood.
This is a prime opportunity to invest in a property with excellent current performance and significant future potential.
The sale includes 520 Forrest Street and 1055-1057 Hillen Street, both of which have undergone comprehensive renovations, minimizing future building maintenance and capital improvement costs.
Strategically located, the property is easily accessible from downtown, I-83, Route 40, and Harbor East. In addition, Art at 520 is positioned within the proposed Old Town Mall-Somerset Homes redevelopment area, adding a complementary and valuable use to this rapidly evolving neighborhood.
This is a prime opportunity to invest in a property with excellent current performance and significant future potential.
Location
State MD
County Baltimore City
Zoning C-2
Interior
Hot Water Other
Heating Heat Pump(s), Zoned
Cooling Central A/C, Other
Heat Source Electric, Natural Gas
Exterior
Waterfront N
Water Access N
Accessibility Elevator
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Baltimore City Public Schools
Others
Tax ID 0305031271 009
Ownership Fee Simple
SqFt Source Assessor
Special Listing Condition Standard
Listed by Matthew E Garono • Cummings & Co. Realtors
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