228 N Montford Avenue, Baltimore, MD 21224Asking Price of: $550,000

Rare opportunity to acquire a highly adaptable recently renovated commercial property featuring a large assembly-style building with an attached residential unit currently generating $1,500 per month in rental income. With its flexible layout and strategic location, this property presents excellent potential for a variety of uses, including assisted living, daycare facility, event or party venue, community center, or mixed-use investment, subject to local zoning and approvals. Located in the vibrant Highlandtown area and near Patterson Park, the property offers convenient access to major employers and institutions, including Bayview Medical Center and Johns Hopkins Hospital, making it an attractive option for a variety of uses. The main building features a spacious open hall designed for gatherings, presentations, or group activities, complete with a podium area and installed sound equipment including large speakers. Wide interior corridors with built-in shelving provide ample storage for materials and supplies. The property includes separate men’s and women’s restrooms, with the women’s restroom offering two stalls, and the men’s restroom featuring two stalls and three urinals, allowing for efficient accommodation of larger groups. Additional features include a technical room, attic storage, multiple closets including a gas utility closet, and an equipped kitchen. The expansive lower level includes a second kitchen and a large open area that can serve as a dining hall, meeting space, or multi-purpose area. Connected internally via a staircase is a residential living area, providing flexibility for owner-occupancy or continued rental income. The residential unit includes a large open-concept living room, a kitchen, and access to the second floor where you’ll find two bedrooms and a full bathroom. The main level also features a long, versatile room ideal for additional living space, office, or recreational use, along with a utility closet housing the heating system. The residence offers both front and rear entrances for added convenience. A convenience store is located adjacent to the property, enhancing accessibility and neighborhood appeal.