205 W Madison Street Baltimore, MD $ 1,650,000
205 W Madison Street
$ 1,650,000
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205 W Madison Street

Baltimore, MD, 21201
$ 1,650,000
Baths0.0 Sq 18,040

Monthly Estimate*

$ 10,966

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View a Virtual Tour
Studio

Commercial Property for sale in Baltimore, MD

for $1,650,000. This 18,040 square foot building was built in 1880 on a lot size of 0.06.

INCREDIBLE OPPORTUNITY IN THE HEART OF MOUNT VERNON! This is your chance to own an unbelievable piece of Baltimore history. This property is sure to be the crown jewel of your investment portfolio. This sale comprises of not just one but TWO buildings in the heart of the Mount Vernon Historic District at 205 W Madison St and 716 Park Ave. Both buildings combine for over 18,000 sq ft above grade, not including the basements. 205 W Madison is 11,440 sq ft above grade, 716 Park Ave is 6,600 sq ft above grade. Standing outside of the main building, you are in awe of its magnificence. The attention to detail that went into the brickwork and stone work on the exterior of the building is unlike any other building you have seen in recent memory. As you enter the grand double doors of the main building into the foyer, your eyes are immediately drawn to the many displays of craftsmanship from a world long ago. Beautiful murals and paintings, exquisite handrails and crown molding, and an incredible grand staircase. As you enter to your left, what was once a ballroom, dining room, or reception area is sure to leave you speechless. You are greeted by 14ft+ ceilings and a magnificent chandelier at the center of the room. You immediately feel like you are walking back 100 years into a completely different time and era. Take a stroll back into the main hall and past the grand staircase and you will notice the original service elevator to the building is still in place. A large, beautiful courtyard connects the two buildings from the rear. It is truly amazing how well many of the original features of this building have been preserved. Craftsmanship like this simply no longer exists. Both buildings currently have a combined 25 suites/rooms (28 if you include the basements), each complete with it's own bathroom and it's own heating/cooling system. Each room is cozy, comfortable, and a very good size. Many of them have their own living room areas in addition to bedroom and bathroom. This is is an incredible opportunity to bring this building back to its former grandeur. The neighborhood and the city has been buzzing about what's to come for this building, and everyone is so excited to see what the next owner has planned! This building could be converted back to a hotel, to a bed and breakfast, an apartment building, a rooming house, the possibilities are endless. Don't let this incredible once in a lifetime opportunity pass you by!

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Commercial Pending

Price

$ 1,650,000

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 12,284

Style

Hotel/Motel,Restaurant/Bar,Apartment Building

Lot Size

0.06

Year Built

1880

Town/City

Baltimore

County/Region

Baltimore City

MLS | Web ID

MDBA2117954

Features
Interior
Heating Fuel Natural Gas
Hot Water Natural Gas
Heating Y/N Y
Central Air Y/N Y
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General
Sewer Public Sewer
Heating 90% Forced Air
Cooling Central A/C
Possession Immediate
Zoning OR-2
Construction Materials Brick
Year Built 1880
Property SubType Five Or More Units
Tax Year 2023
Percent Ownership Fee Simple
Cool Fuel Electric
Municipality Baltimore City
Business Type Hotel/Motel Restaurant/Bar Apartment Building
Accessibility None
County BALTIMORE CITY
New Construction N
Property Type Commercial Sale
Possible Use Apartment Building
Water Access Y/N N
Status PENDING
Directions On W Madison St
City BALTIMORE
Buyer Agent Compensation 2.5
NumberOfUnitsTotal 1
Lot Size Units Square Feet
Lot Size Square Feet 2552.00
Waterfront Y/N N
Tax Annual Amount 12284.0
Price Per Sq Ft Total AG 87.77
Vacation Rental Y/N N
Virtual Tour https://my.matterport.com/show/?m=jieBkqFyB9t
Days on Market 95
Standard Status Pending
Year Built Source Estimated
Legal Subdivision Ward 11
Tax Lot 028
Buyer Agent Compensation Type % Of Gross
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Exterior
Water Source Public
Type of Parking None
Water View Y/N N
Building Area Total 18800.00
Lot Size Acres 0.06
Lot Size Source Estimated
Land Assessed Value 89300.00
Navigable Water Y/N N
Water Oriented Y/N N
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Internal Only
Street Number 1 205
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* Excluded Features
List By
Berkshire Hathaway Homeservices Homesale Realty

Broker

frank@mdsold.com

Email

Affordability Calculator

$11,990
Per Month
91%
9%
0%
Monthly Principal & Interest
$10,966
Monthly Property Taxes
$1,024
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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The time to sell is now
THE TIME TO SELL IS NOW!
Nearby
2136830 Elementary School
2137124 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
3/15/2024$1,650,000 Listed Price

Map


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205 W Madison Street, Baltimore, MD, 21201 is a Commercial Property for sale at $1,650,000 with 18,040 sqft and a lot size of 0.06. 205 W Madison Street is a studio with 0.0 baths and was built in 1880. The property's zip code is 21201 which is in Baltimore, MD