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Guided tour to take place Wednesday, June 19th Promptly At 11:00AM. List price to be opening bid at online only auction. Online auction to be conducted on Auctioneers website. Bidding begins Thursday June 20th & ends Tuesday, June 25th, 2024 @ 11:00 AM. Location: The property is located at Baltimore's Inner Harbor between Calvert and Light Streets. It has excellent visibility with a Maryland Dept. of Transportation Average Annual Daily Traffic Count of Approx. 23,790. Lombard St. is a major westbound thoroughfare in Baltimore City. The area consists of residential, office, retail and general commercial uses. There are numerous parking lots with ample parking capacity. Property Description: The property has 47' frontage on E. Lombard St. and 49' frontage on Water St. The total lot area is 6,432 sf or 0.147 acre. It is improved by a renovated 4-story masonry building containing 25,000 sf of gross building area. The net rentable area is estimated at 21,938 sf. There is approx. 5,675 sf of first floor retail space including a vacant restaurant unit. The property is in very good condition. It has a newly installed elevator which was a $300,000 capital expense. The third and fourth floors were renovated in 2015. It has updated mechanical systems. Zoning: The property is located in a C-5-TO zone. This is a Downtown Zoning District. The TO refers to a Traditional Office Subdistrict. Economic Incentives: The subject property may be eligible for a number of financial incentive programs based on its location in an a) Opportunity Zone b) Enterprise Zone, and c) HUB Zone.

Property Details of 111 Water Street

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Listed by Paul R Cooper of Alex Cooper Auctioneers,Inc.

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