The Plaza 201 E Baltimore St 157 Unit Apartment Building For Sale Baltimore, MD 21202
EXECUTIVE SUMMARY
NAI Michael is proud to present to qualified investors and developers One Calvert Plaza, a partially completed office to multifamily conversion project in the Baltimore, Maryland Central Business District. Formerly known as the Continental Trust Company Building, this historic 16-story skyscraper was built in 1901 and was the tallest building in Baltimore at that time. Recently, a complete renovation of the building was started in an effort to convert the storied building into a 157-unit luxury multifamily building. The conversion is not fully completed and now presents as a unique opportunity to purchase and finalize this trophy project.
UNIQUE REDEVELOPMENT OPPORTUNITY: Substantially completed and permitted mid-stream project, perfect match for a knowledgeable developer that desires speed to market.
HISTORIC BUILDING: Built in 1901 as the tallest building in Baltimore at that time, this celebrated office building was formerly known as the Continental Trust Company Building. Its irreplaceable Beaux-Arts architecture makes it a unique and rare multifamily conversion.
VIBRANT LOCATION: Just north of the Inner Habor waterfront, current hub of Baltimore tourism and entertainment. Downtown Baltimore is home to countless proud Maryland businesses, along with national medical, educational, financial, and government institutions.
DYNAMIC FUTURE: Near the planned $500M Harborplace revitalization, with a vision for an even more active and exciting neighborhood through the redevelopment of over 900 residential units, 300,000 SF of commercial space, and 18.7 acres or public parks.
UNIQUE REDEVELOPMENT OPPORTUNITY: Substantially completed and permitted mid-stream project, perfect match for a knowledgeable developer that desires speed to market.
HISTORIC BUILDING: Built in 1901 as the tallest building in Baltimore at that time, this celebrated office building was formerly known as the Continental Trust Company Building. Its irreplaceable Beaux-Arts architecture makes it a unique and rare multifamily conversion.
VIBRANT LOCATION: Just north of the Inner Habor waterfront, current hub of Baltimore tourism and entertainment. Downtown Baltimore is home to countless proud Maryland businesses, along with national medical, educational, financial, and government institutions.
DYNAMIC FUTURE: Near the planned $500M Harborplace revitalization, with a vision for an even more active and exciting neighborhood through the redevelopment of over 900 residential units, 300,000 SF of commercial space, and 18.7 acres or public parks.
PROPERTY FACTS
| Sale Type | Investment |
| Sale Condition | Redevelopment Project |
| No. Units | 157 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Hi-Rise |
| Building Class | A |
| Lot Size | 0.26 AC |
| Construction Status | Under Renovation |
| Building Size | 158,838 SF |
| No. Stories | 16 |
| Year Built/Renovated | 1901/2026 |
| Opportunity Zone |
Yes |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Dishwasher
- Disposal
- Washer/Dryer
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
- Views
- Walk-In Closets
- Freezer
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Fitness Center
- Package Service
- Lounge
- Public Transportation
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 84 | - | 500 |
| 2+1 | 41 | - | 800 |
| 2+2 | 32 | - | 800 |
1 of 1
Walk Score®
Walker's Paradise (98)
Transit Score®
Rider's Paradise (100)
Bike Score®
Very Bikeable (77)
PROPERTY TAXES
| Parcel Number | 0650-004 | Improvements Assessment | $10,192,188 CAD |
| Land Assessment | $1,642,439 CAD | Total Assessment | $11,834,628 CAD |
