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Vacant Value-Add | 8-Unit Setup | Parking 211 E 25th St 5,000 SF Vacant Office Building Online Auction Sale Baltimore, MD 21218
Investment Highlights
- Fully vacant 5,000 SF value-add asset delivered with immediate control.
- Eight rear parking spaces in a walkable Midtown / Charles Village location.
- Prior tenancy generated approximately $67,265 annually, providing historical income context.
- Existing 8-unit infrastructure with separate electric meters and individual HVAC systems.
- OR-1 zoning with R-MU overlay supports office, residential, and mixed-use strategies.
- 2015 roof replacement plus 2023 skylight and partial window upgrades.
Executive Summary
The building is configured with existing 8-unit infrastructure, separate electric meters, and individual HVAC systems, which may help reduce repositioning complexity compared to a traditional vacant shell. The property also includes eight rear parking spaces, a meaningful amenity in this walkable urban location.
The property is zoned OR-1 with an R-MU overlay, supporting office, residential, and mixed-use strategies. Buyers should independently verify zoning, use, permitting, and conversion requirements.
Originally configured for residential use and most recently occupied by a behavioral health clinic, the asset previously generated approximately $67,265 in annual income under prior tenancy, providing historical income context for future lease-up potential.
Prior capital improvements include a 2015 roof replacement, as well as skylight and partial window upgrades completed in 2023.
Located near Charles Village, Old Goucher, Station North, Johns Hopkins University, MICA, Penn Station, and I-83, the asset is well-positioned for investors seeking a vacant value-add opportunity with multiple execution strategies.
Property tours are available by appointment. Contact the listing broker to schedule access, 443-865-3941 or david@realmarkets.com
Matterport 3D Tours
Data Room Click Here to Access
- Operating and Financials
- Purchase Agreement
- Title and Insurance
Market Analytics Click Here to Access
Property Facts
About Baltimore Midtown
Midtown is one of Baltimore’s most rapidly gentrifying areas. Spanning from Mount Vernon up to the edges of Johns Hopkins University and Druid Hill Park, the neighborhoods encompassing it have experienced tremendous revitalization in recent years. Coupled with an uptick in community engagement, there are increasingly more opportunities here for office tenants.
Several projects are in the works that have the potential to be game changers for the area as a whole. In the heart of Midtown, the renovation of Penn Station is slated to bring more than 1.5 million square feet of office, retail, and multifamily space in the next five years. The project was awarded $3 million in historic tax credits in 2019 and got Opportunity Zone investment early in 2020 from a fund linked to Fells Point-based Brown Advisory. Couple that with the 2022 completion of City House Charles, a mixed-use development featuring ground-floor retail and high-quality office space, and the office inventory is modernizing.
Farther north, the Old Goucher, Remington, and Charles Village neighborhoods are leading local gentrification. These areas are tight knit and have a vested stake in the advancement of civic initiatives. Commercial development has been on the rise there over the past decade, sparked by the arrival of the mixed-use project known as Remington Row in 2016. The project includes 108 multifamily units and 45,000 square feet of office space. Another cornerstone in this burgeoning live/work/play area was the opening of Faddensonnen by famed restaurateur Lane Harlan.
Baltimore Midtown’s office market benefits from its proximity to downtown and offers an affordability factor not typically seen in other city-based office nodes. As such, average asking rents are typically significantly less expensive than those within the CBD, largely owing to Midtown’s smaller, aging stock of office product.
Demographics
Demographics
Sale Advisor
Sale Advisor
David Lowry, Director, Commercial Accelerated Sales
With over 20 years of experience in Commercial Real Estate, David is a well-known expert in this field. He has worked with esteemed platforms such as Ten-X and has assisted both institutional and non-institutional sellers and brokers in the sale of real estate transactions.
David has played a crucial role in identifying over $1 billion in online commercial real estate opportunities across various asset classes, such as office, multifamily, retail, hospitality, industrial, and land. During his tenure as the Senior Director at Ten-X, he ensured a high sell-through rate of 98%, which is one of the highest trade rates in the online auction industry. Before joining the RealMarkets Team, David served as the Head of National Accelerated Marketing for Coldwell Banker Commercial (CBC).
As a specialist in accelerated commercial sales, David's mission is to assist brokers, lenders, owners, and buyers in attaining their objectives with ease, efficiency, and transparency. His expertise in accelerated sales strategies and CRE technology makes him a valuable asset in navigating the dynamic landscape of commercial real estate. David's proficiency in strategic planning, market analysis, and online marketing, coupled with his excellent communication and negotiation skills, has made him the go-to person for online commercial real estate transactions.
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Vacant Value-Add | 8-Unit Setup | Parking | 211 E 25th St
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