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419 E Oliver St

Baltimore, Maryland, 21202, United States

Property ID: #743680 // commercial
419 E Oliver St
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Traditional Sale
List Price:
$2,800,000.00
Icon 48,000 ft²
Icon 0.36 acres
Icon - beds
Icon - baths
Address:
419 E Oliver St
City:
Baltimore
State:
Maryland
Zip Code:
21202
County:
BALTIMORE CITY
Country:
United States
Property Type:
Commercial
Additional Property Types:
Multi-Family
Year Built:
1920
Property Size:
48,000 ft²
Lot Size:
0.36 acres
Data Source:
BrightMLS
MLS/Reference Number(s):
MDBA2097618
Source Status:
Active
Source Property Type:
Commercial, Five Or More Units

Property Provided By

  • Jason S Lusby
  • Keller Williams Gateway LLC
  • +1 (410) 960-0858
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Property Information

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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BrightMLS

Listing Information © 2024 BrightMLS. All Rights Reserved.
Courtesy of Jason S Lusby, Keller Williams Gateway LLC broker@kwgatewayhomes.com
This information is provided exclusively for consumers' personal, non-commercial use; that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that data is deemed reliable but is not guaranteed accurate by BrightMLS. Information may appear from many brokers but not every listing in BrightMLS is available.
This content last updated on 2024-05-11 04:53:26.


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