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1840s Plaza- 29 S. Front & 50 Albemarle

2 Properties Offered at $5,499,000 in Baltimore, MD

Investment Highlights

  • Located at the entrance to Baltimore's Downtown at the foot of the Jones Falls Expressway.
  • Income on the books for buyers interested in operating the property under its current use.
  • Parking available on-site with opportunity for expansion on an undeveloped lot.
  • Adjacent to the Central Business District to the west and Little Italy, Harbor East and Harbor Point to the south.
  • Sale includes all furniture, fixtures and equipment. Infrastructure intact from previous restaurant operator.
  • Amazing curb appeal with historic cast iron façade building and landscaped courtyards.

Executive Summary

Harrington Commercial Real Estate Services is pleased to present the opportunity to acquire the 1840’s Plaza consisting of 29 S. Front Street and 50 Albemarle Street. This offering includes all furniture, fixtures and equipment.
Encompassing most of the block, the properties are located at the foot of the Jones Falls Expressway at the entrance to Baltimore’s Downtown in the CHAP historic District of the Jonestown neighborhood. Adjacent to President Street, the 1840’s Plaza is just steps from Little Italy, the Inner Harbor and Baltimore’s new destination neighborhoods of Harbor East and Harbor Point.
29 Front Street, known as the Fava Building, is a 4-story cast iron façade building built in 1993 and opened in 1996. The building is 39,588 square foot on .563 acres. The former Baltimore City Life Museums venue, it is currently being used as an event venue. This property presents a multitude of possible adaptive reuse opportunities and includes a commercial kitchen from a previous restaurant, a parking lot, a 2,148 square foot warehouse and an empty, undeveloped lot on .048 acres.
50 Albemarle Street, the 1840s Carrollton Inn, is a 13 room boutique hotel established in 2007 from a series of interconnected row homes dating to the early 19th century on .184 acres surrounded by a courtyard adjacent to the 1840s Plaza.
The 1840’s Plaza is accessed through a gatehouse and is surrounded by a gated, brick courtyard with a beautifully landscaped garden that provides access to both properties along with the historic Carroll Mansion.

Attachments

1840 Plaza

Property Facts

Price $5,499,000
Price / SF $105.20 / SF
Sale Type Investment or Owner User
Status Active
Number of Properties 2
Individually For Sale 2
Total Building Size 52,272 SF
Total Land Area 0.74 AC

Properties

Property Name / Address Property Type Size Year Built Individual Price
1840's Plaza
29 S Front St, Baltimore, MD 21202
Retail 39,588 SF 1993 $3,500,000
1840s Carrollton Inn
50 Albemarle St, Baltimore, MD 21202
Hospitality 12,684 SF 1840 $2,300,000
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  • Listing ID: 31330926

  • Date on Market: 3/26/2024

  • Last Updated:

  • Address: 1840s Plaza- 29 S. Front & 50 Albemarle, Baltimore, MD

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