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:
Icon 48,000 ft²
Icon 0.36 acres
Icon - beds
Icon - baths
419 E Oliver St
Zip Code:
United States
Property Type:
Additional Property Types:
Year Built:
Property Size:
48,000 ft²
Lot Size:
0.36 acres
Data Source:
MLS/Reference Number(s):
Source Status:
Source Property Type:
Commercial, Five Or More Units

Property Provided By

  • Jason S Lusby
  • Keller Williams Gateway LLC
  • +1 (410) 960-0858
Connect with a local buyer's rep to get up to
$16,800 cashback!

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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Courtesy of Jason S Lusby, Keller Williams Gateway LLC
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This content last updated on 2024-05-11 04:53:26.

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