Faust Brothers Building

36,625 SF | 100% Leased | Office Building | Baltimore, MD 21201 | $2,399,000 ($66/SF)

Date Added:
May 17, 2024
Days on Market:
28 days

Asking Price $2,399,000

Property Type
Office
Square Feet
36,625 SF
Price / Square Foot
$66

Listing Contacts

Terri Harrington
Terri Harrington
Verified Profile
  • Property Info

Property Overview

Faust Brothers Building at 307 West Baltimore Street offers the opportunity to own a prominent office building boasting a rich history in a buzzing Baltimore neighborhood. Originally built in 1870, the Faust Brothers Building is one of fewer than a dozen cast-iron front buildings remaining in the city and the only known building with two cast-iron facades.

This historic 36,625-square-foot property comprises five floors of office space, from coworking to professional office, along with a ground-level medical office and a basement-level artist studio. Faust Brothers Building is significantly occupied by a diverse tenant mix, including the UMD Institute for Innovation & Implementation, Accent Coworking, an event space, medical offices, and a prominent art studio. The recently renovated property is in incredible condition and has room for owner/user opportunities.

Investors will benefit from remarkable building improvements, significant occupancy, and an exceptional downtown location. Current ownership has transformed the iconic property into a hub of artistic innovation for artists, designers, and performers alongside a robust coworking destination, providing solopreneurs, hybrid workplace employees, and growing businesses with shared spaces and dedicated areas to collaborate and work in a modern environment.

Positioned in the heart of the Bromo Arts District, the Faust Brothers Building provides easy accessibility and convenience in a high-energy neighborhood. The property is near Light Rail and Marc Train access, MTA Baltimore, surface and secured parking garages, and has on-site bike parking. The University of Maryland and the VA & Maryland Medical Systems are within two blocks of the building.

Baltimore's Historic Westside has recently undergone a period of revitalization and economic development, blending old-world character with modern energy, creating a vibrant center of business and culture for the Mid-Atlantic region. This area, known as the Bromo Arts District, is full of exceptional entertainment and dining options, including the newly renovated Lexington Market, the CFG Bank Arena, the Hippodrome Theater, and the Everyman Theater. Camden Yards is also close at hand, putting sports and arts/entertainment fans just a few blocks from the action.

Property Details

Class
B
Year Built/Renovated
1870/2007
Stories
6
Property Subtype
Loft/Creative Space
Lot Size (sq. ft)
6,098 SF

Highlights

  • One-of-a-kind opportunity to acquire the iconic Faust Brothers Building featuring a substantial tenant base and excellent accessibility.
  • Currently home to UMD Institute for Innovation & Implementation, medical offices, a prominent art studio, and event hosting spaces.
  • Benefit from a significantly occupied property with transformative restoration, and noteworthy owner/user opportunities.
  • Within Baltimore's Historic Bromo Arts District, presenting a wealth of shopping, dining, theater, galleries, and entertainment destinations.
  • Conveniently accessible to the adjacent Light Rail and Marc Train stops, MTA Baltimore, 2 commercial parking garages, and Interstate 395.
  • Located immediately adjacent to the new renovated CFG Bank area.

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