BEDS0
BATHS
MLS#MDBA2230448
STATUSACTIVE
PROPERTY TYPECommercial -
SCHOOLBALTIMORE CITY PUBLIC SCHOOLS
Property Description
Rare opportunity to acquire a substantial multifamily investment property in the heart of historic Mount Vernon. 700 Park Avenue offers the compelling combination of strong in-place income, high occupancy, and significant value-add potential. Current rents remain well below their long-term potential, creating substantial upside through rent optimization, natural turnover, and strategic unit improvements while maintaining existing cash flow. Ideally positioned in one of Baltimore’s most established and architecturally significant neighborhoods, the property offers convenient access to Downtown Baltimore, major universities, hospitals, employment centers, cultural institutions, dining, and transportation. An exceptional opportunity to acquire meaningful scale in Mount Vernon with immediate income and considerable long-term rental and NOI growth potential. Offered as-is.
Property Features
Property Type: Commercial -
Cooling: Wall Unit
Fuel Type: Natural Gas
Heating: Radiator
Lot Size: 0.07 Acres
Taxes: $43,846
Year Built: 1905
Feature Descriptions
Accessibility: Elevator
Exterior: Stone, Brick
Location: Downtown
Lot Dimensions: 0.07 Acre(S)
Sewer: No Septic System
Total Garage/Parking Spaces: 0
Water: Public
Local Schools
School District: BALTIMORE CITY PUBLIC SCHOOLS
Listed By / Shown By
Listed By
Agency Name: Coldwell Banker Realty - Washington
Agency Phone: 2023876180
Shown By
Agent Name: Robin Nesbitt
Agent Phone: Cell: (410) 596-7292
Agency Title: Berkshire Hathaway HomeServices Homesale Realty
First American
Corporate Office - 215 S Centerville Rd. Lancaster, PA 17603
700 Park Avenue | MLS# MDBA2230448
This commercial property located at 700 Park Avenue, Baltimore, MD 21201 is currently listed for sale with an asking price of $4,300,000. Park Avenue is located within the BALTIMORE CITY PUBLIC SCHOOLS school district. Search Baltimore real estate on robinnesbitt.homesale.com today.