$58.33 Per Sq Foot $15,031 est/mo Sourced by Back At You

419 E Oliver St,Baltimore, MD 21202

Baltimore MD, 21202

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Description

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.

Details

MLS#MDBA2097618
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year1920
Days On Site298
Listing Provided ByKeller Williams Gateway LLC | Jason S Lusby
Buying Commision2% Of Gr
Listing CommissionOf Gross

Features

SQ Feet48,000
ZoningIMU-1
Acreage0.36

Market Activity 21202

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Listings Checked: 22 minutes ago
StateMD
CountyBaltimore City
CityBaltimore
Zip Code21202
School DistrictBaltimore City Public Schools
Listing VS Median (in 21202)
Price:
$2,800,000
low | high
Med:
$233,000
100% of Average
SqFt:
48,000
low | high
Med:
1,089
100% of Average
$ / SqFt:
$58
low | high
Med:
$214
100% of Average
On Site:
298
low | high
Med:
90.000000
100% of Average
Sourced by Back At You
Listing Updated: May 26, 2024 at 12:22:10 PM PDT