2 E Mount Vernon Pl - Churches FOR SALE


Baltimore, MD 21202
$600,000 USD
866-910-5263
2 E Mount Vernon Pl, Baltimore, MD for Sale
$600,000 USD
Churches - FOR SALE
1/9
null | Request Cap Rate

2 E Mount Vernon Pl
Baltimore, MD 21202


HIGHLIGHTS

  • One of Baltimore's most iconic churches
  • ±900-seat sanctuary
  • Fellowship hall, large multipurpose room, music hall, kitchen, chapel

OVERVIEW

09.19.24 NO ADDITIONAL OFFERS WILL BE CONSIDERED. Your congregation's next home could be one of Baltimore's most iconic churches, Mt. Vernon Place United Methodist. This beautiful Norman-Gothic house of worship is located in the heart of historic Mt. Vernon -- adjacent to the Washington Monument and across the plaza from the Peabody Institute. The church is approximately 24,000+ SF on two levels, excluding the basement level. The ±900-seat main sanctuary boasts a balcony, handcrafted pews, ornate stained-glass windows, and an elaborate ceiling and plasterwork. The organ is an MP Moller Opus R-524, with 2600 pipes, installed in 1956 (needs servicing). Behind the sanctuary is the chapel, with seating for ±40. On the upper level is Davis Hall, a large multi-purpose room with a capacity of ±250. In the lower level is a full-size fellowship hall, currently built-out as a child care facility, a large commercial kitchen, and storage. Heat is provided by a boiler; cooling includes ceiling fans and window units (no central air). Recent repairs include plumbing and slate roof; the property suffers from deferred maintenance. As a component of the purchase price -- which has been significantly reduced -- the purchaser will be asked to accommodate a lease to allowing sufficient area for the current Mt. Vernon Place United Methodist congregation of ±25 to hold weekly worship, and maintain a Pastor's office, a counseling office, and storage of materials in the church. The lease term will be 7 years, with 7 renewal periods. The church is a nationally-registered historic site, zoned OR-2. Owner financing may be available for a buyer who wishes to use the property as a house of worship. See PraiseBuidings.com for financing terms. No showings prior to open house. The daycare will be excluded from the open house tours. Participants must sign-in at the door. Please visit PraiseBuildings.com to download documents. ***Open house Sunday, July 21, 2 - 4pm*** Offers due Sep 17, 2024. Please email agent to request term sheet.

FOR SALE DETAILS

PRICE

$600,000 USD

PRICE/SF

$25 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Churches

TOTAL BUILDING SIZE

-

STORIES

3

BUILDING CLASS

-

YEAR BUILT

1872

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.31 AC

LAND SF

13,504 SF

ZONING

OR-2

APN/PARCEL ID

11-11-0526-010

ASK ABOUT THIS PROPERTY

Barb BindonMaryland Land/ PraiseBuildingsMore Info
866-910-5263

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Barb BindonMaryland Land/ PraiseBuildingsMore Info
866-910-5263

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.