Retail

601 S Broadway

baltimore, md, 21231, baltimore, MD 21231

Price

Price on request

Description

Located on a prominent corner in the heart of Fell’s Point, The Chelsea will be a new four-story luxury boutique apartment complex with 3,500 SF of street level retail space with basement storage.

Property description as provided by the listing source. PropZone adds independent market context, valuation estimates, and comparable listings.

Location

baltimore, md, 21231, baltimore, MD 21231

Leaflet © OpenStreetMap contributors

Market Context

As of Q3 2023, the Baltimore retail market showed a 6.1% vacancy rate, and average asking rents near $25.01/SF/yr. Source: multiple brokerages Q3 2023 market report.

Projected current pricing

low confidence

Projected asking rent

$25.01/SF/yr

Estimated sale value

$226–$285/SF

Modeled estimate (income approach) shown as a range — not an appraisal. Projected asking rent × occupancy × net-operating-income margin band ÷ market cap rate, from Q3 2023 multiple brokerages data (cap rate 6.8%, asking rent held flat).

View the full Baltimore Retail market report →

Compare it against other retail listings for sale in Baltimore, MD to benchmark pricing and space — view the full market.

Retail market FAQ

Is the Baltimore retail market tightening or softening?: Vacancy is around 6.1% (Q3 2023).

Unified Estimate

Medium Confidence

$57.43/SF-$77.71/SF

Mid: $67.57/SF

Rate estimator only; cost-of-business estimate unavailable.

Sale Price History

2000 – 2026 · county sold comps + market trendsFIPS 24510

High Confidence

Avg Rent ($/SF/yr) (market data)
Median $/SF (sold)
Vacancy %

Market asking rent (quarterly avg)Median sale price / SFVacancy rate (right axis)P25–P75 IQR band

Investment Analysis

Beta Feature: Investment Analysis is currently in beta testing. Metrics are calculated based on available financial data and market comparables. Results are for informational purposes and should not be considered financial advice. Verify all assumptions and consult with a financial advisor before making investment decisions.