ACTIVE

419 E Oliver St

Baltimore MD, 21202

$2,800,000


$58.33 per sqft

ACTIVE

4 Beds

48,000 sqft

Residential

Built in 1920

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.

MDBA2098144

MLS ID

May 11, 2024

Updated

Map

419 E Oliver St
Baltimore MD, 21202

Interior Features

Bedrooms

4


Interior Features

Elevator


Appliances

Electric Water Heater


Fireplace

No


Cooling

No


Heating

Yes


Heating Description

Forced Air, Natural Gas

Exterior/Building Features

Lot Size

0.36 Acres


Architectual Style

Other


Sewer

Public Sewer

School Information

School District

BALTIMORE CITY PUBLIC SCHOOLS

Other Property Details

Area Name

Baltimore City


Taxes

$15,364


Tax Frequency

Annually


Days on Market

249


Garage

Yes


Garage Spaces

15


Parking

On Street, Attached


Parking Total

15


View

No


County

BALTIMORE CITY


Water Source

Public


Pool

No


Zoning

Mixed use / Pud (Allows for Multi Family, Office, Industrial, Retail, Institutional, Medical, specialty uses, etc)


Buyer Agency Compensation

2%

Listed by Jason S Lusby, with Keller Williams Gateway LLC
Listing Contact: 4109600858 

The IDX display contains information sourced from the Bright MLS, Inc. as of 5/11/2024. This data is intended solely for personal, non-commercial use and is not to be utilized for any other purposes except to identify potential properties for purchase. Although the MLS data displayed is typically considered reliable, it is not guaranteed to be accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and are advised to conduct their own investigations or seek professional assistance. Other sources besides the Listing Agent may have contributed to the MLS data presented. Unless expressly specified in writing, the Broker/Agent has not confirmed any information obtained from external sources. The Broker/Agent may or may not have acted as the Listing and/or Selling Agent and cannot guarantee the accuracy of property locations displayed on any map. Any compensation offers are solely made to participants of the MLS where the listing is registered.

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Data last updated on 5/11/2024 at 11:35 AM UTC

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