419-433 East Oliver , Baltimore, MD 21202
Baltimore, MD 21202
Description
Rarely available square footage in Baltimore's Station North Art's and Entertainment District. This approx 48,000 gross sf building has exceptionally versatile mixed use IMU-1 zoning and is located in the 2003 Greenmount West Planned Urban Development (PUD). Allowable uses are extensive and range from multi-family, industrial, office, and retail to specialty uses like medical, laboratory, institutional, education, and urban agriculture to name a few. The building consists of 5 stories, including a small basement. The building is served by a center stairwell and freight elevator serving each unit. Additional shaft(s) exist for the potential of lifts. Each floor consists of two 5,000 SF +/- units for a total of 8 units. Additional unit(s) could possibly be added to the lower level. The last use of the building was 6 Multi-Family Live-Work Artist Lofts and collaborative space, 1 large common collaboration unit on the first floor, and 1 first floor unit serving as a parking garage. The property also has a gated storage yard, 2 drive in bays, and 1 loading dock. The building has solid constriction consisting of steel, concrete, brick, and block. window openings, while currently covered by pebble board, are expansive offering a flood of natural light into the building on all sides, and are large enough for the hoisting of furniture and goods. This offering is a short walk from Penn Station, bringing approx 3M commuters per year through the neighborhood and a migration of DC Metro Area workers taking advantage of capital beltway wages and affordable Baltimore living through MARC Train commuting. This creates opportunity to answer the current housing shortage in a value-add property in a neighborhood on the up-swing that is heavy on tax, employment, and financial incentives. Anywhere from 30-50 residential units or more could be possible depending on the unit mix and bedroom count. For the investor looking for a buy-and-hold with minimal relative capital improvements needed: eight 5K sf self-contained units could offer an answer to the neighborhood's shortage of available industrial and retail space for small users, and still create a lucrative gross yearly income. Showings require proof of wherewithal. Non-public information requires NDA. All tours must be accompanied by the Listing agent.
Details
| MLS# | MDBA2144130 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1940 |
| Days On Site | 88 |
| Listing Provided By | Keller Williams Gateway LLC | Jason S Lusby |
Features
| SQ Feet | 40,144 |
|---|---|
| Zoning | IMU1 |
| Acreage | 0.36 |
| Property View | Yes |
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Learn More About This Property
| State | MD |
|---|---|
| County | Baltimore City |
| City | Baltimore |
| Zip Code | 21202 |
| School District | Baltimore City Public Schools |
| Listing VS Median (in 21202) | |
Price: $1,900,000 low | high Med: $0 On Site: 88 low | high Med: | |
