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508 S Broadway 3,500 SF 50% Leased Retail Building Baltimore, MD 21231 $556,887 CAD ($159.11 CAD/SF)
Investment Highlights
- multiple units
- high foot and vehicle traffic
- signage
Executive Summary
PRICE DROPPED FOR QUICK SALE
C-1 zoned 2 unit retail building on bustling Broadway 1/4 block from the fells point market. Approx. 3500 SF. Each unit has its own separate retail entrance on Broadway. Unit 1 is street level retail that takes up the majority of the lot. 2 large window displays capture foot traffic. Retail display cases, office furnishings, safe, and all furnishings, fixtures, and equipment convey. Unit 2 encompasses the three upper levels and has a separate entrance facing Broadway's foot traffic and is built out as a wellness center / massage studio.
C-1 zoned 2 unit retail building on bustling Broadway 1/4 block from the fells point market. Approx. 3500 SF. Each unit has its own separate retail entrance on Broadway. Unit 1 is street level retail that takes up the majority of the lot. 2 large window displays capture foot traffic. Retail display cases, office furnishings, safe, and all furnishings, fixtures, and equipment convey. Unit 2 encompasses the three upper levels and has a separate entrance facing Broadway's foot traffic and is built out as a wellness center / massage studio.
Financial Summary (Pro Forma - 2025) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$83,984
|
$24.00
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$83,984
|
$24.00
|
| Taxes |
$10,897
|
$3.11
|
| Operating Expenses |
$4,899
|
$1.40
|
| Total Expenses |
$15,796
|
$4.51
|
| Net Operating Income |
$68,188
|
$19.48
|
Financial Summary (Pro Forma - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $83,984 |
| Annual Per SF | $24.00 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $83,984 |
| Annual Per SF | $24.00 |
| Taxes (CAD) | |
|---|---|
| Annual | $10,897 |
| Annual Per SF | $3.11 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $4,899 |
| Annual Per SF | $1.40 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $15,796 |
| Annual Per SF | $4.51 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $68,188 |
| Annual Per SF | $19.48 |
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
3,500 SF
Building Class
C
Year Built
1920
Price
$556,887 CAD
Price Per SF
$159.11 CAD
Percent Leased
50%
Tenancy
Multiple
Building Height
4 Stories
Slab To Slab
10’
Building FAR
1.34
Lot Size
0.06 AC
Zoning
B022 - RETAIL / OFFICE / ETC
Frontage
24’ on Broadway St
Amenities
- Signage
Exceptionally walkable
100/100
Fairly drivable
50/100
Strong public transit
80/100
Moderately bikeable
70/100
Nearby Major Retailers
![[solidcore]](https://images1.loopnet.com/i2/X1DfwMFhQUJtrEvdN0O4PHppb1UchnIXcAPoILYKKzI/105/image.jpg "[solidcore]")
Property Taxes
| Parcel Number | 1445-004 | Total Assessment | $474,823 CAD |
| Land Assessment | $0 CAD | Annual Taxes | $10,897 CAD ($3.11 CAD/SF) |
| Improvements Assessment | $0 CAD | Tax Year | 2025 |
Property Taxes
Parcel Number
1445-004
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$474,823 CAD
Annual Taxes
$10,897 CAD ($3.11 CAD/SF)
Tax Year
2025
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508 S Broadway
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