8 E Fayette St
Baltimore, MD 21202
8 East Fayette Street · Multifamily Property For Sale · 20 Units

Marcus & Millichap is pleased to present the exclusive offering of 8 East Fayette Street in Baltimore, MD. 8 East Fayette Street is located in Baltimore’s Historic Central Business District (CBD). The unit mix totals 20 apartment units consisting of 19 1BR/1BA units and one studio. The property also includes a 5,899-square foot retail space on the ground floor currently tenanted by Burger King. The building underwent a full conversion from office to residential that was completed in 2019. The historic adaptive re-use of the building also entitles the purchaser to a 10 year fixed tax abatement. During the conversion, ownership replaced the roof, mechanical systems and restored the façade. They also re-configured and renovated the entire interior of the building to its current condition. Each unit offers granite counter tops, stainless steel appliances, a washer & dryer, independently controlled and ducted HVAC, vinyl wood floors, and impressive twelve-foot ceiling heights. Other amenities include keyless entry with fob and cellphone access, as well as video surveillance that can be viewed through a tenant’s mobile device. Tenants also can park in the garage adjacent to the property for a monthly fee of $143. In addition, ownership has negotiated discounted memberships to the Under Armour FX Gym that is two blocks from the subject property. Gas and electric is separately metered and paid directly by the tenants while the water is billed via a RUBs system. There is 11,877,175 square feet of office product within ¼ mile of the subject property, providing significant demand for occupancy. 8 East Fayette Street is walking distance to the Inner Harbor, Camden Yards, M&T Stadium, Baltimore Mercy Hospital, and many popular Baltimore restaurants and leading employers. For those looking to take advantage of today’s popular urban lifestyle, the subject property offers easy access to public transportation such as the Light Rail and the MARC Train. Baltimore’s Central Business District is currently experiencing significant growth and strong tenant demand. The main drivers of this growth employers such as T. Rowe Price, M&T Bank, Morgan Stanley, Johns Hopkins, and the University of Maryland. In addition, Baltimore is only 40 miles from Washington D.C. and is directly serviced by the MARC train. The building’s central location allows for easy access to I-95, I-695 and I-83.