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419 E OLIVER STREET MultiFamily Single Family Detached $2,800,000 — Listed by Jason Lusby, Keller Williams Gateway LLC

Updated on May 23, 2024

Zoned for Multi Family and many other uses. Rarely available square footage in... $2,800,000

Address 419 E OLIVER STREET
BALTIMORE, MD 21202
TypePurchase
Price$2,800,000
Bedrooms0
Bathrooms0
Living Area48,000 square feet
StatusActive
Listing Agent
(410) 318-8800
Office
8015 CORPORATE DRIVE
C
NOTTINGHAM, MD 21236
(443) 318-8800
Located in BALTIMORE, MD
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.

    Franchise

  • Name: Keller Williams Realty
  • Taxes

  • $15,364
  • Exterior types

  • Block
  • Brick
  • Concrete Block
  • General

  • Property type: MultiFamily
  • Property sub type: Single Family Detached
  • Living area: 48000
  • Lot size: 0.36
  • Year built: 1920
  • Listing date: 2023-09-06
  • Listing title: Detached - BALTIMORE, MD
  • Architecture style: Other
  • Building unit count: 2
  • Has elevator: yes
  • Heating systems: Forced Air
  • Is new construction: no
  • Num parking spaces: 15.0
  • Roof types: Unknown
  • Listing Details

  • Mls name: Bright MLS
  • MLS Identifier: TRENDPA
  • MLS Number: MDBA2098144
  • Provider name: Keller Williams Gateway LLC
  • Provider Category: Broker
  • Property Type: MultiFamily
  • Property sub type: Single Family Detached
  • Listing Category: Purchase
  • Office Key: TRENDPA-KWGW1
  • Office ID: KWGW1
Copyright © 2024 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

 

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