419 E Oliver St, BALTIMORE, MD

$2,499,000

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48,000

Square feet

0.36

Acres

About 419 E Oliver St

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.

Features of 419 E Oliver St

MLS® # MDBA2098144
Price $2,499,000
Bathrooms 0.00
Square Footage 48,000
Acres 0.36
Year Built 1920
Type Multi-Family
Sub-Type Other, Detached
Style Other
Status Active

Community Information

Address 419 E Oliver St
City BALTIMORE
County BALTIMORE CITY-MD
State MD
Municipality Baltimore City
Zip Code 21202

Amenities

# of Garages 15
Garages Inside Access, Oversized, Garage - Side Entry, Built In
Is Waterfront No

Interior

Heating Forced Air, Other
Cooling Other
Has Basement No
Fireplace No

Exterior

Exterior Brick and Siding, Block, Concrete/Block
Foundation Block, Concrete Perimeter, Other

School Information

District BALTIMORE CITY PUBLIC SCHOOLS

Additional Information

Date Listed September 6th, 2023
Days on Market 430
Zoning IMU-1
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

OfficeKeller Williams Gateway LLC
Contact Info(443) 318-8800

Listing Map

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