508 S Broadway, Baltimore, MD 21231 - Photo 1

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$395,000

For Sale
Active
Commercial Institutional

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Property Description

C-1 zoned 2 unit retail building on bustling Broadway 1/4 block from the fells point market. Approx. 3500 SF. Each unit has its own separate retail entrance on Broadway. Unit 1 is street level retail that takes up the majority of the lot. 2 large window displays capture foot traffic. Retail display cases, office furnishings, safe, and all furnishings, fixtures, and equipment convey. Unit 2 encompasses the three upper levels and has a separate entrance facing Broadway's foot traffic and is built out as a wellness center / massage studio with several treatment rooms. Property is sold strictly AS-IS / WHERE-IS.

Full Property Details

Full Property Details for 508 S Broadway

General

Price: $395,000
Taxes: $7,785 (2024)
Status: Active
Type: Commercial Institutional
Source: BrightMLSMidAtlantic
MLS ID: MDBA2148540
Updated: 1/8/2026
Added to Site: 413 day(s) ago

Business

Business Type: Other/General Retail, Medical, Professional, Religiou

Rooms

Bathrooms

Restrooms: 2

Parking

Parking Type: On Street

Location

Municipality: Baltimore City
County: BALTIMORE CITY
Subdivision: FELLS POINT HISTORIC DISTRICT
Cross Streets: Eastern
Driving Directions: Cross Street is Broadway & Eastern
City Limits: Yes

Heating & Cooling

Central air: Yes
Cooling Type: Central A/C
Cooling Fuel: Electric
Heating Type: Forced Air
Heating Fuel: Electric
Water Heater: Electric

Utilities

Sewer: Public Sewer
Water: Public

Structural Information

Construction: Brick, Block
Building Size: 3342
Year Built: 1920
Year Built Source: Assessor

Unit Information

# Tenants: Multiple

Lot Features

Lot Size (Acres): 0.05
Lot Size (Sq. Ft.): 2,350
Lot Size Source: Assessor
Zoning: C-1

Financial Considerations

Price Per Sq. Ft.: $118.19
For Lease: Yes
Assessment Year: 2024
City/TownTax: $7,415
City/TownTax Freq: Annually
County Tax: $369
County Tax Freq: Annually
Tax w/Assessment: $329,867
Tax Amount: $7,785
Tax Year: 2024

Disclosures and Reports

Ownership: Fee Simple
Lot Number: 4

Listed by Keller Williams Gateway LLC, Jason S Lusby

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Listing agent

— 508 S Broadway —

Jason S Lusby

Keller Williams Gateway LLC

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Schools

Schools serving 508 S Broadway

School District:Baltimore City Public Schools

Name	Grades	Distance
City Springs Elementary School 100 South Caroline Street, Baltimore, MD 21231	PK-8	0.4 mi
Booker T. Washington Middle School 1301 McCulloh Street, Baltimore, MD 21217	6-8	2.2 mi
Stadium School 1400 Exeter Hall Avenue, Baltimore, MD 21218	6-8	2.6 mi
Paul Laurence Dunbar High School 1400 Orleans Street, Baltimore, MD 21231	9-12	0.8 mi
Digital Harbor High School 1100 Covington Street, Baltimore, MD 21230	9-12	0.9 mi
Vivien T. Thomas Medical Arts Academy 100 North Calhoun Street, Baltimore, MD 21223	9-12	2.5 mi
Augusta Fells Savage Institute Of Visual Arts 1500 Harlem Avenue, Baltimore, MD 21217	9-12	2.7 mi
Patterson High School 100 Kane Street, Baltimore, MD 21224	9-12	3.1 mi
Benjamin Franklin High School @ Masonville Cove 1201 Cambria Street, Baltimore, MD 21225	9-12	3.7 mi

Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 508 S Broadway Get Price Alerts and Save Property

Date

Details

Price

Change

Source

1/08/2026

Price Reduced

$395,000

-12.03%

MLS

7/07/2025

Price Increased

$449,000

13.67%

MLS

5/13/2025

Price Reduced

$395,000

-12.22%

MLS

5/08/2025

Price Reduced

$450,000

-3.23%

MLS

4/28/2025

Price Reduced

$465,000

-3.12%

MLS

4/04/2025

Price Reduced

$480,000

-3.03%

MLS

2/25/2025

Price Reduced

$495,000

-3.88%

MLS

12/02/2024

Listed

$515,000

—

MLS

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Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History

Tax History for 508 S Broadway

Year

Property Taxes

Change

Tax Assessment

Change

2023

$7,510

—

$341,533

2023

$7,510

—

$329,867

2023

$7,510

—

$318,200

—

2022

$7,473

—

$316,667

—

2021

$7,437

—

$315,133

—

2021

$7,401

$313,600

—

2020

$7,339

—

$312,467

—

2019

$7,347

—

$311,333

—

2018

$7,321

$310,200

2017

$6,899

$292,333

2016

$6,447

$274,500

2015

$6,056

-1%

$256,600

—

2013

$6,107

—

$256,600

—

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Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Estimate the Cost

Estimate the Cost for 508 S Broadway

508 S Broadway, Baltimore, MD 21231 (MLS# MDBA2148540) is a Commercial Institutional property. 508 S Broadway is currently listed for $395,000 and was received on December 02, 2024. Want to learn more about 508 S Broadway? Do you have questions about finding other Commercial Institutional real estate for sale in Baltimore? You can browse all Baltimore real estate or contact a Coldwell Banker agent to request more information.

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508 S Broadway Baltimore, MD 21231