419 E OLIVER ST
419 E OLIVER ST
BALTIMORE, MD 21202
MLS Number: MDBA2097618
$2,800,000
SqFt: 48,000
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