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Former RiteAid 2801 Foster Ave 14,280 SF Retail Building Baltimore, MD 21224 For Sale

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INVESTMENT HIGHLIGHTS

Stand Alone property on 1 Acre in the heart of Canton

R-8 Zoning but can be upzoned

EXECUTIVE SUMMARY

Former Rite Aid pharmacy for sale or lease for the first time in 40 years. Located in the heart of the growing Canton neighborhood, this 1-acre site has incredible potential and various options for the investor or owner/user. This site could be residential with the redevelopment of townhouses / rowhouses or it could be multifamily housing. The site can continue as a retail opportunity for a single retailer or be multi-tenanted to increase rents. Of course it could be a full redevelopment in any number of options as well. The zoning is R-8 which offers a wide variety of uses as well. Approximately 1/3 of the building is occupied by a medical practice on a short-term lease. They have expressed interest in extending their lease to a long-term lease if the purchaser wants the Tenant to stay.

2801 Foster Avenue Flyer 080725

2801 Foster Ave - floorplan

TAXES & OPERATING EXPENSES (ACTUAL - 2025) Click Here to Access	ANNUAL (CAD)	ANNUAL PER SF (CAD)
Taxes	-	-
Operating Expenses	-	-
Total Expenses	$99,999	$9.99

TAXES & OPERATING EXPENSES (ACTUAL - 2025) Click Here to Access

Taxes (CAD)
Annual	-
Annual Per SF	-

Operating Expenses (CAD)
Annual	-
Annual Per SF	-

Total Expenses (CAD)
Annual	$99,999
Annual Per SF	$9.99

PROPERTY FACTS

Sale Type

Owner User

Property Type

Retail

Building Size

14,280 SF

Building Class

Year Built

1964

Tenancy

Multiple

Building Height

1 Story

Loading Docks

1 Exterior

Building FAR

0.33

Lot Size

0.98 AC

Zoning

R-8 - Currently a commercial retail store which is a permitted use as well as mecidal, residential, day care and other uses.

Parking

57 Spaces (3.99 Spaces per 1,000 SF Leased)

Frontage

145’ on Foster Ave

SPACE AVAILABILITY

SPACE
SIZE
SPACE USE
POSITION
AVAILABLE

Suite 1
9,400 SF
Retail
End Cap
Now

2801 Foster Ave, Baltimore, MD for sale Interior Photo- Image 1 of 11 — Interior Photo

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2801 Foster Ave, Baltimore, MD for sale Building Photo- Image 4 of 11 — Building Photo

2801 Foster Ave, Baltimore, MD for sale Interior Photo- Image 5 of 11 — Interior Photo

2801 Foster Ave, Baltimore, MD for sale Building Photo- Image 6 of 11 — Building Photo

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2801 Foster Ave, Baltimore, MD for sale Interior Photo- Image 8 of 11 — Interior Photo

2801 Foster Ave, Baltimore, MD for sale Building Photo- Image 9 of 11 — Building Photo

2801 Foster Ave, Baltimore, MD for sale Building Photo- Image 10 of 11 — Building Photo

2801 Foster Ave, Baltimore, MD for sale Building Photo- Image 11 of 11 — Building Photo

This former Rite Aid is 145' deep and approximately 63' wide. The property is 1 acre and has +/-57 parking spaces on site. This has been a consistently ocupied property since it was built 60 years ago. Could be expanded to encompass the entire 14,280 SF. There is a bonus mezzanine of +/- 1,000 SF as well. Zoned R-8 so it allows a wide variety of commercial and residential uses.