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307 W. Baltimore Street 307 W Baltimore St

32,534 SF Office Building Baltimore, MD 21201 $1,990,000 ($61/SF)

Investment Highlights

  • One-of-a-kind opportunity to acquire the iconic Faust Brothers Building featuring a substantial tenant base and excellent accessibility.
  • Within Baltimore's Historic Bromo Arts District, presenting a wealth of shopping, dining, theater, galleries, and entertainment destinations.
  • Located immediately adjacent to the new renovated CFG Bank area.
  • Benefit from a significantly occupied property with transformative restoration, and noteworthy owner/user opportunities.
  • Conveniently accessible to the adjacent Light Rail and Marc Train stops, MTA Baltimore, 2 commercial parking garages, and Interstate 395.

Executive Summary

Faust Brothers Building at 307 West Baltimore Street offers the opportunity to own a prominent office building boasting a rich history in a buzzing Baltimore neighborhood. Originally built in 1870, the Faust Brothers Building is one of fewer than a dozen cast-iron front buildings remaining in the city and the only known building with two cast-iron facades.

This historic 36,625-square-foot property comprises five floors of office space, from coworking to professional office, along with a ground-level medical office and a basement-level artist studio. Faust Brothers Building is significantly occupied by a diverse tenant mix, including Accent Coworking, an event space, healthcare professionals, and a prominent art studio. The recently renovated property is in incredible condition and has room for owner/user opportunities.

Investors will benefit from remarkable building improvements and an exceptional downtown location. Current ownership has transformed the iconic property into a hub of artistic innovation for artists, designers, and performers alongside a robust coworking destination, providing solopreneurs, hybrid workplace employees, and growing businesses with shared spaces and dedicated areas to collaborate and work in a modern environment.

Positioned in the heart of the Bromo Arts District, the Faust Brothers Building provides easy accessibility and convenience in a high-energy neighborhood. The property is near Light Rail and Marc Train access, MTA Baltimore, surface and secured parking garages, and has on-site bike parking. The University of Maryland and the VA & Maryland Medical Systems are within two blocks of the building.

Baltimore's Historic Westside has recently undergone a period of revitalization and economic development, blending old-world character with modern energy, creating a vibrant center of business and culture for the Mid-Atlantic region. This area, known as the Bromo Arts District, is full of exceptional entertainment and dining options, including the newly renovated Lexington Market, the CFG Bank Arena, the Hippodrome Theater, and the Everyman Theater. Camden Yards is also close at hand, putting sports and arts/entertainment fans just a few blocks from the action.

Property Facts

Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Loft/Creative Space
Building Size
32,534 SF
Building Class
B
Year Built/Renovated
1875/2007
Price
$1,990,000
Price Per SF
$61
Tenancy
Multiple
Building Height
6 Stories
Typical Floor Size
5,422 SF
Slab To Slab
15’
Building FAR
5.34
Land Acres
0.14 AC
Opportunity Zone
Yes
Zoning
C5-DC - Zoning District divided into a series of sub-districts within an unlimited building height restriction for both commercial and residential use

Amenities

  • 24 Hour Access
  • Bus Line
  • Controlled Access
  • Metro/Subway
  • Central Heating
  • High Ceilings
  • Open-Plan
  • Partitioned Offices
  • Hardwood Floors
  • Air Conditioning

Space Availability

  • Space
  • Size
  • Space Use
  • Condition
  • Available
  • 1st Floor
  • 5,500 SF
  • Office
  • Full Build-Out
  • Now

*Please note that there is no onsite parking available; only street parking is available.

  • 2nd Floor
  • 5,500 SF
  • Office
  • Full Build-Out
  • Now

*Please note that there is no onsite parking available; only street parking is available.

  • 4th Floor
  • 5,500 SF
  • Office
  • Full Build-Out
  • Now

*Please note that there is no onsite parking available; only street parking is available.

Space Size Space Use Condition Available
1st Floor 5,500 SF Office Full Build-Out Now
2nd Floor 5,500 SF Office Full Build-Out Now
4th Floor 5,500 SF Office Full Build-Out Now

1st Floor

Size
5,500 SF
Space Use
Office
Condition
Full Build-Out
Available
Now

2nd Floor

Size
5,500 SF
Space Use
Office
Condition
Full Build-Out
Available
Now

4th Floor

Size
5,500 SF
Space Use
Office
Condition
Full Build-Out
Available
Now

1st Floor

Size 5,500 SF
Space Use Office
Condition Full Build-Out
Available Now

*Please note that there is no onsite parking available; only street parking is available.

2nd Floor

Size 5,500 SF
Space Use Office
Condition Full Build-Out
Available Now

*Please note that there is no onsite parking available; only street parking is available.

4th Floor

Size 5,500 SF
Space Use Office
Condition Full Build-Out
Available Now

*Please note that there is no onsite parking available; only street parking is available.

Walk Score ®
Walker's Paradise (99)
Transit Score ®
Rider's Paradise (100)
Bike Score ®
Very Bikeable (80)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

DEMOGRAPHICS

Demographics

1 Mile 1 Mi. 3 Miles 3 Mi. 5 Miles 5 Mi.
1 Mile
3 Mile
5 Mile
2020 Population
39,953
254,155
518,771
2024 Population
38,838
268,999
514,120
Population Growth '20-'24
-2.8%
5.8%
-0.9%
2020 Households
22,858
116,927
222,678
2024 Households
22,088
121,901
219,662
Household Growth '20-'24
-3.4%
4.3%
-1.4%
Average Age
37
38
39
Median Household Income
$58,740
$52,565
$54,077
Daytime Employees
114,478
239,125
333,486
Total Businesses
10,112
26,701
37,894
College Degree + Higher
50%
34%
31%

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
04-10-0643-009
Land Assessment
$282,900
Improvements Assessment
$1,110,000
Total Assessment
$1,392,900
  • Listing ID: 31379104

  • Date on Market: 4/1/2024

  • Last Updated:

  • Address: 307 W Baltimore St, Baltimore, MD 21201

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