831 West 36th Street, BaltimoreOffering Package

Contact: Gerard DiRuggiero, Broker and Managing Member UrbanLand Company, LLC(202) 320-9976 cellgerard@urbanlandcompany.com

831 W 36th Street

The Offering

Address: 831 West 36th Street, Baltimore, MD 21211Owner: Urban Land Company, LLCType: 2-Story, Attached, 2-Unit Mixed-Use (Commercial /

Residential) Building with Basement and ParkingTax Id: 0313143532 061Price: $495,000

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Ownership: Fee Simple, No Ground Lease

Lot Size: 1,067 SF

Building SF: Est 1,600 SF

Zoning: C-1 Commercial and B-1-2 (Neighborhood Business District)

Property Taxes: $4,832

Street Frontage: West 36th ST

Walk Score: 93 Walker’s Paradise

Bike Score: 76 Very Bikeable

Transportation: 0.7 miles to Light Raillink; Easy Access to Route 83

831 W 36th Street

The Offering

Rare opportunity to own versatile, expanded (est. 1,600 SF), mixed-use, 2-Unit (commercial and residential) property in one of the most dynamic and undervalued locations in Baltimore.

• Gut-renovated with modern / industrial style and owner-operated for the past year as a real estate brokerage office and a residential apartment

• Frontage on desirable West 36th ST (aka “The Avenue”) in Hampden, with abundant foot traffic, thriving local restaurants, bars and retail, and a strong, supportive community

• Centered in an energetic hub with deep, local roots, providing great access and visibility to customers, clients, colleagues; an occupant can make his or her business an instant and permanent fixture here

• Undervalued area, where property condition and values have not kept pace with the retail environment and patron demand

• Alley access and one parking space in rear, with easy entry to both the commercial and residential units

• An open floor plan, all-new systems, and on trend fixtures and finishes combine with character in exposed brick, bay windows, hardwood floors, recessed and pendant lighting in a compelling package that checks all the boxes

831 W 36th Street

The Offering

• The mixed-use space provides both visibility and access for the commercial space and a desirable residential location with amenities for residents.

• The property operates well as two units, with separate entrances and utilities, and can easily be used by two different occupants.

• The parking space and easy metered parking out front enhance the access to this property for both uses.

The prospective buyer has numerous options for use of the property:

• Occupy the entire building (using both the commercial space and apartment); occupy one unit and rent the other unit; or operate the property as a 2-unit investment, renting both units to one or more tenants

• The commercial space could be used as a single office, co-working or shared space, retail, or service business space

The rental market is undervalued in Hamden as rents near The Avenue haven’t kept pace with the increasing prices of its new retail offerings, high-end cuisine and nightlife options, and the expectations of patrons. Several blocks north at the new Rotunda, which is 98% full, 2BR units are renting between $2,400 and $3,200 per month. We estimate the subject could achieve monthly rents of $2,500 (commercial unit) and $1,800 (residential unit). With single family renovations on the rise, DC buyers relocating in pursuit of undervalued property, and patrons continuing to seek out Hampden as a destination, values will rise.

831 W 36th Street

The Offering

ConstructionBuilt./Renovated: 1900 / 2018Construction Type: Wood FrameNumber of Floors: 2 plus BasementExterior Walls: Brick and Hardie Board SidingRoof: New AsphaltParking: 1 off-street spaceExterior Exits: 2 for commercial space (1 on W 36th St, 1 in rear

off alley); 1 for residential space (rear)Utilities: Separately metered for gas and electric;

Gas Heat, A/C and Cooking, Electric Hot Water, Pubic Water and Sewer

Windows: High-Quality, double pane replacement windows, 1 skylight

Stairways: 1 exterior, all new, wooden stairway with Trexdecking and treads and small landing with view

Networking: FIOS

Commercial Space: Gut renovated into open, modern, floor-through, versatile space with abundant natural night, large bay windows, hardwood flooring, exposed brick, plenty of outlets (including floor outlets), kitchenette area with high-gloss contemporary white cabinets, marble countertop, refrigerator, large half bath with opaque, sliding barn door; use of clean, spacious basement for commercial space storage; all new systems

Residential Space; Gut renovated into modern, bright, 2 BR, 1 BA apartment with exposed brick, skylight, hardwood floors, bay windows, cool kitchen with stainless steel appliances, high-gloss, contemporary cabinets, marble countertop, open shelving, sparkling, large BA with custom, modern tile, stackable washer/dryer; all new systems

831 W 36th Street

Exterior Photos

831 W 36th Street

Commercial Space Photos

831 W 36th Street

Commercial Space Photos

831 W 36th Street

Commercial Space Photos

831 W 36th Street

Residential Space Photos

831 W 36th Street

Residential Space

831 W 36th Street

Residential Space Photos

831 W 36th Street

Basement and Utilities Photos

831 W 36th Street

Lot Map

831 W 36th Street

Area Map