118 W MULBERRY ST Active Save Request In-Person Tour Request Virtual Tour
Baltimore,MD 21201
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 5,160 sqft
Price per Sqft $58
Subdivision Downtown
MLS Listing ID MDBA2159470
Year Built 1912
Available Date 2025-05-30
Annual Tax Amount $7,923
Tax Year 2024
Lot Size 1,320 Sqft
Acres 0.03
Property Sub-Type Mixed Use
Source BRIGHT
Property Description
Major price improvement. Four-story corner property in need of refurbishment located at the intersection of Mulberry Street and Park Avenue in Baltimore's downtown neighborhood. Sale is subject to receivership terms. Before closing, the City will need to see proper documentation of the Buyer's ability to rehabilitate. The property offers impressive square footage and allows versatile potential, having been used previously as both a law office and art studios.The C5-HT zoning allows for flexible division of the space, accommodating either mixed residential or commercial use. The interior is full of possibility, featuring south-facing rooms with tall ceilings and abundant natural light. Built-in bookcases, a remnant of the property's law office days, add a unique charm. Currently, the configuration is ideal for studios or offices with a street level gallery. Its prime location offers close proximity to the central Pratt Library, the Bromo Arts and Entertainment District, the Mt Vernon Marketplace, and Baltimore's Chinatown. Under terms of receivership filing, prior to closing, the City would like to see a detailed rehabilitation plan from the proposed buyer. The plan should include a scope of work from a licensed Maryland contractor on letterhead with the MHIC number, and an itemized list of what the property needs to be brought up to a Use & Occupancy standard. The plan should also include a time estimate and a cost estimate. Based on the cost estimate, the City will need to see proof of financing. This can be a letter from a bank, a snapshot from an account, or something that shows they have the financial ability to complete the project as outlined.
Location
State MD
County Baltimore City
Zoning C-5HT
Interior
Hot Water Electric
Heating Forced Air
Cooling Central A/C
Heat Source Electric
Exterior
Water Access N
Accessibility None
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Baltimore City Public Schools
Others
Tax ID 0304020564 007
Ownership Fee Simple
SqFt Source Assessor
Acceptable Financing Cash
Listing Terms Cash
Financing Cash
Special Listing Condition Other,Third Party Approval