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419 E OLIVER STREET
BALTIMORE MD 21202 US

$2,800,000

Active Listing ID MDBA2097618
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Lot: 0.36 Acres
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Other

$2,800,000

Active Listing ID MDBA2097618
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419 E OLIVER STREET 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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Property Features

  • Facts
  • Lot Size: 0.36 Acres
  • Property Type: Commercial Sale
  • Property Sub-type: Other
  • Features
  • Heating Fuels: Forced Air

Property

  • propertytype: Commercial Sale
  • propertysubtype: Other
  • listprice: 2800000
  • unparsedaddress: 419 E OLIVER STREET
  • postalcity: BALTIMORE
  • stateorprovince: MD
  • country: US
  • postalcode: 21202
  • bathroomsfull: 0
  • bathroomshalf: 0
  • bathroomsonequarter: 0
  • bathroomsthreequarter: 0
  • lotsizeacres: 0.36
  • lotsizeunits: Acres
  • lotsizearea: 0.36
  • livingarea: 0
  • livingareaunits: Square Feet
  • latitude: 39.30668
  • longitude: -76.6095
  • listagentfullname: Jason Lusby
  • listagentemail: jason@thelusbygroup.com
  • listagentkey: 3yd-TRENDPA-111674
  • listagentmlsid: 111674
  • listagentpreferredphone: 4103188800
  • listagentofficephone: 4433188800
  • listofficekey: 3yd-TRENDPA-KWGW1
  • listofficemlsid: KWGW1
  • disclaimer: 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.
  • sourcesystemid: TRENDPA
  • yearbuilt: 1920
  • listingcontractdate: 2023-08-31
  • countyorparish: BALTIMORE CITY
  • constructionmaterials: Block, Brick, Concrete
  • heating: Forced Air
  • fireplaceyn: False
  • transactiontype: ForSale
  • storiestotal: 0
  • parkingtotal: 15
  • waterfrontyn: False
  • franchiseaffiliation: Keller Williams Realty
  • interiorfeatures: Elevator, 2+ Access Exits
  • architecturalstyle: Other
  • accessibilityfeatures: Accessible Elevator Installed
  • dock: False
  • poolprivateyn: False
  • spayn: False
  • internetaddressdisplayyn: True
  • internetautomatedvaluationdisplayyn: True
  • internetconsumercommentyn: True
  • location: -76.6095, 39.30668
  • customfields: {"AdditionalInformation":{}, "AlternatePrices":[], "BrokerName":"Keller Williams Gateway LLC", "BuilderEmail":null, "BuilderFax":null, "BuilderPhone":null, "City":null, "Country":null, "Expenses":[], "GeocodeOptions":null, "LeadRoutingEmail":"jason@thelusbygroup.com", "ListBrokerageCity":"NOTTINGHAM", "ListBrokerageCountry":"US", "ListBrokerageEmail":"lkimmeybroker@gmail.com", "ListBrokerageLogoUrl":"http://brokerlogos.listhub.net/190/361968/20171016202239890.png", "ListBrokerageName":"Keller Williams Gateway LLC", "ListBrokeragePhone":"(443) 318-8800", "ListBrokeragePostalCode":"21236", "ListBrokerageStateOrProvince":"MD", "ListBrokerageUnitNumber":null, "ListBrokerageUnparsedAddress":"7939 HONEYGO BLVD 121", "ListBrokerageWebsiteUrl":null, "ListOfficeAddress1":"8015 CORPORATE DRIVE", "ListOfficeAddress2":"C", "ListOfficeBrokerMlsId":null, "ListOfficeCity":"NOTTINGHAM", "ListOfficeCountry":"US", "ListOfficeEmail":"broker@kwgatewayhomes.com", "ListOfficePostalCode":"21236", "ListOfficeStateOrProvince":"MD", "ListPriceCurrencyType":"USD", "ListingTitle":"Commercial - BALTIMORE, MD", "ListingURL":"https://listings.listhub.net/pages/TRENDPA/MDBA2097618/?channel=rexren", "MLSModificationTimestamp":"2024-09-18T03:13:12Z", "Neighborhoods":[{"Description":null, "Name":"Baltimore City"}], "PostalCode":null, "RoomCount":null, "StateOrProvince":null, "Taxes":[{"TaxAnnualAmount":18735, "TaxDescription":null, "TaxYear":null}], "UnitNumber":null, "UnparsedAddress":null}
Listing Changed: 11/8/2024 8:47:03 AM GMT
Source Updated Date: 11/23/2024 6:52:39 AM GMT

Courtesy of: Jason Lusby, Keller Williams Gateway LLC, jason@thelusbygroup.com

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.