List price to be opening bid at online only auction. Bidding begins Friday, March 6th & ends Wednesday, March 11, 2026 at 12:00 pm. A premier value-add opportunity situated at a high-visibility corner in the historic Forest Park neighborhood. This substantial asset combines a stable retail income stream with a massive residential redevelopment play. With C-2 Community Commercial Zoning, the property is perfectly positioned for a high-density, mixed-use conversion that caters to Baltimore's growing demand for quality urban housing. The Opportunity Highlights • Immediate Cash Flow: 6 of 7 retail units are currently tenant-occupied, providing day-one income. • Massive Residential Upside: Approximately 13, 500 sq. Ft. Across the upper two levels, primed for renovation into 12 spacious two-bedroom apartments. • Optimal Zoning (C-2): Designed for pedestrian-oriented urban corridors, allowing for a seamless mix of residential and commercial uses by-right. • Tenant-Paid Utilities: Each commercial unit features separate gas, electric, and water heaters, drastically reducing landlord operating expenses. Retail Income Profile The ground floor features over 14, 900 sq. Ft. Of retail footprint with significant street frontage. **Potential Monthly Gross Rent Of $12, 630* **Potential Annual Gross Rent Of $151, 560** **Current Monthly Scheduled Rent Of $8, 130** **Current Annual Scheduled Rent Of $97, 560** 3301-3317 Garrison Boulevard: 3301-3303: Currently rented for $1, 800/month 3305-3307: Currently rented for $1, 400/month 3309-3311: Currently rented for $2, 000/month 3313: Currently rented for $850/month 3315: Currently rented for $500/month (No lease) 3317: Currently rented for $1, 580/month. Upper levels have fire damage but has potential for apartments, offices and more! 3836-3840 W. Forest Park Ave: Currently Vacant, formerly used as a Church. Was previously rented for $4, 500/month. Development Specifications The upper floors present a "blank canvas" opportunity for a developer to capitalize on fire-damaged space and transform it into a modern multi-family community. The following are estimates from measurements taken using Google Earth aerial maps. • First Floor Retail (Garrison Blvd): Approx. 8, 550 sq. Ft. • First Floor Retail (W. Forest Park Ave): Approx. 6, 400 sq. Ft. • Upper Levels (2-Story Space): Approx. 13, 500 sq. Ft. • Estimated Post-Renovation Unit Count: 12 Two-Bedroom Apartments. Disclaimer: Prospective purchasers are urged to verify the accuracy of the building area estimates. The upper two levels appear fire-damaged and require full renovation. There are no warranties or representations regarding these estimates. Location & Zoning: C-2 Community Commercial This district is tailored for urban corridors like Garrison Boulevard. It balances high vehicle traffic with heavy pedestrian circulation, ensuring that your ground-floor tenants benefit from maximum exposure. • Historic Charm: Located in the tree-lined Forest Park neighborhood. • Strategic Positioning: Minutes from major Baltimore transit routes and local community hubs.
