Art at 520 | 520 Forrest St
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Art at 520 520 Forrest St
11,000 SF 90% Leased Office Building Baltimore, MD 21202 $950,000 ($86/SF) 9.57% Cap Rate
Investment Highlights
- Beautifully appointed artist space
- Cash flowing asset
- Close to Open Works and the Station North Arts Disctrict
Executive Summary
We are excited to introduce Art at 520, an exceptional investment opportunity. This fully renovated building offers strong cash flow from long-term tenants, providing both stability and flexibility for the future. Whether you choose to retain the current tenants or implement your own vision, this property gives you the opportunity to maximize returns.
The sale includes 520 Forrest Street and 1055-1057 Hillen Street, both of which have undergone comprehensive renovations, minimizing future building maintenance and capital improvement costs.
Strategically located, the property is easily accessible from downtown, I-83, Route 40, and Harbor East. In addition, Art at 520 is positioned within the proposed Old Town Mall-Somerset Homes redevelopment area, adding a complementary and valuable use to this rapidly evolving neighborhood.
This is a prime opportunity to invest in a property with excellent current performance and significant future potential.
The sale includes 520 Forrest Street and 1055-1057 Hillen Street, both of which have undergone comprehensive renovations, minimizing future building maintenance and capital improvement costs.
Strategically located, the property is easily accessible from downtown, I-83, Route 40, and Harbor East. In addition, Art at 520 is positioned within the proposed Old Town Mall-Somerset Homes redevelopment area, adding a complementary and valuable use to this rapidly evolving neighborhood.
This is a prime opportunity to invest in a property with excellent current performance and significant future potential.
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Loft/Creative Space
Building Size
11,000 SF
Building Class
C
Year Built/Renovated
1937/2015
Price
$950,000
Price Per SF
$86
Cap Rate
9.57%
NOI
$90,915
Percent Leased
90%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
3,667 SF
Slab To Slab
10’
Building FAR
3.13
Lot Size
0.08 AC
Opportunity Zone
Yes
Zoning
C-2
Parking
10 Spaces (0.91 Spaces per 1,000 SF Leased)
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Walk Score ®
Very Walkable (86)
Transit Score ®
Rider's Paradise (99)
Bike Score ®
Very Bikeable (81)
PROPERTY TAXES
| Parcel Number | 05-03-1271-009 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $244,200 |
PROPERTY TAXES
Parcel Number
05-03-1271-009
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$244,200
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Art at 520 | 520 Forrest St
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