Thank you
Jason S Lusby
Keller Williams Gateway LLC
443-318-8800
Zoned for Multi Family and many other uses. Rarely available square footage in Baltimore's Station North Art's and Entertainment District. This approx 48,000 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 4 stories. The building is served by a center stairwell and freight elevator serving each unit. 2 Additional shafts 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 and additional non-public information require proof of wherewithal, Non Disclosure Agreement, and Site Access Waiver. All tours must be accompanied by the Lister.
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Water Source : Public
Cooling: Other
Heating: Forced Air,Other
Cooling Fuel: Electric
Heating Fuel: Natural Gas
Year Built: 1920
Structure: Detached
New Construction: No
Total Units: 2
Built: 1920
Construction Material: Brick,Block,Concrete,Mixed
Foundation/Basement: Block,Concrete Perimeter,Other
Architecture: Other
Pool/Private: No Pool
Pool: No Pool
Sewer: Public Sewer
Water Heat: Electric,Natural Gas
Lot Size: 15,635
Lot Size (Acres): 0.36
Architectural Style: Other
Main Square Feet: 15,635
SQ ft: 53,000
SQ ft (Living Area): 48,000
Total Lot SQ ft: 15,635
Financing: Cash,Conventional,Bank Portfolio
Total Acreage: 0.36
New Construction: No
Type: Other
Possession: Settlement
Days Of Market: 115
Annual Tax: $15,364
Tax Year: 2023
Total Taxes Payment Frequency: Annually
Settlement
Taxes Assessment Amount: $651,033
Total Parking Spaces: 15
Parking Type: On Street,Attached Garage,Parking Lot
Has Garage: Y
Garage Type: Inside Access,Oversized,Garage - Side Entry,Built In
Garage Space: 15
# of Attached Garage Spaces: 15
Acceptable Financing: Cash,Conventional,Bank Portfolio
Direction: Map or GPS
School District: BALTIMORE CITY PUBLIC SCHOOLS
Water Source: Public
Sewer: Public Sewer
Cooling Fuel: Electric
Heating Fuel: Natural Gas
Hot Water: Electric,Natural Gas
Direction: Map or GPS
Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
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300 International Drive.., Baltimore, MD,21202 | $2,950,000 | 2 | 2.5 | -- | -- |
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18 E Madison Street #9, Baltimore, MD,21202 | $210,000 | 1 | 2.0 | 769 | -- |
300 International Drive.., Baltimore, MD,21202 | $4,250,000 | 3 | 3.5 | -- | -- |
717 President Street #.., Baltimore, MD,21202 | $2,475,000 | 3 | 3.5 | 5,008 | -- |
1000 E Hoffman Street , Baltimore, MD,21202 | $35,000 | 2 | 1.5 | -- | 1050 Sqft |
10 E Lee Street #2707, Baltimore, MD,21202 | $960,000 | 3 | 3.5 | 1,581 | -- |
414 Water Street #1615, Baltimore, MD,21202 | $224,900 | 2 | 2.0 | 1,061 | -- |
520 E North Avenue , Baltimore, MD,21202 | $129,999 | 5 | 2.0 | -- | 2000 Sqft |
1235 N Central Avenue , Baltimore, MD,21202 | $145,000 | 2 | 1.5 | -- | 475 Acres |
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ByOwner last updated this listing 04/29/2024 @ 23:07
MLS: MDBA2098144
LISTED BY: Jason S Lusby , Keller Williams Gateway LLC
SOURCE: BRIGHT MLS
Buyer Agency Compensation: 2%
Buyer Agency Description: The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed and if applicable, to participants of reciprocating MLS's as set forth in Association/MLS reciprocal agreements.