Baltimore, MD – Harbor Stone Advisors, in collaboration with Alex Cooper Auctioneers, has been awarded the assignment to market 401-405 S High, a mixed-use, value-add opportunity in Little Italy. The property will be available via auction sale on Thursday, April 16. Harbor Stone Advisors President, Justin Verner, Director, Brooks Healy, Senior Advisor, Tom Wohlgemuth, Advisor, Kevin Landolphi, and Matt Cooper of Alex Cooper Auctioneers are marketing the property.
The property consists of three distinct components under one tax parcel. 401 S High St features (4) occupied residential units and one vacant ground-floor commercial unit. 403 S High St., is a small vacant garage and a gated lot, and 405 S High St. is a 2,200 SF vacant rowhome that requires a total, comprehensive rehabilitation before occupying.
Several opportunities exists for a new owner to maximize the property’s potential, including renovation and expansion of 401 S High St., repurposing 403 S High St., and/or rehabilitation of 405 S High St. Additionally, a new owner has the parcel split option which provides the flexibility to split the properties into three separate tax parcels, allowing the newly renovated rowhome (405 S High St.) to be sold individually to a residential owner.
Boasting a walk score of 96, the property is located in the coveted Little Italy neighborhood, just east of the Inner Harbor and adjacent to Harbor East. The neighborhood is known for its tight-knit community, authentic Italian restaurants, and classic brick rowhomes. Residents benefit from walkable access to destinations like National Aquarium and Fells Point, strong regional connectivity, and proximity to major employers including T. Rowe Price and Johns Hopkins Hospital.
About Harbor Stone Advisors
Harbor Stone Advisors specializes in middle-market multifamily investment sales throughout the Mid-Atlantic. Advisory services include value opinions, asset dispositions and marketability analysis for private clients, owners, investors and financial organizations. For additional information, visit: www.harborstoneadvisors.com