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419 E OLIVER ST

  • BALTIMORE, MD 21202
  • BALTIMORE, MD 21202
  • BALTIMORE, MD 21202

419 E OLIVER ST
BALTIMORE, MD 21202

MLS Number: MDBA2097618


$2,800,000
SqFt: 48,000

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.

General Details

  • Living Area: 48,000
  • Lot Area: 15,635
  • Property Type: Five Or More Units
  • County: BALTIMORE CITY
  • Year Built: 1920
  • Sewer: Public Sewer

Community Information

  • Zoning: IMU-1

Exterior Features

  • Garage(s): N
  • Waterfront: N
  • Waterview: N

Interior Features

  • Heating: Forced Air, Other
  • Cooling: N
  • Water: Public

Lot Information

  • SqFt: 15,635

School Information

  • School District: BALTIMORE CITY PUBLIC SCHOOLS

Fees & Taxes

  • City Taxes: $14,635
  • County Taxes: $729

Other Info

  • Listing Courtesy Of: Keller Williams Gateway LLC
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