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Ram Bala

realtor.ram.bala@gmail.com +1(703) 403-5338

Listed by Jason S Lusby • Keller Williams Gateway LLC

$ 750,000

Est. payment -/mo

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Active

419 E OLIVER ST Baltimore, MD 21202

41,000 SqFt

UPDATED:

Key Details

Property Type Commercial

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

Square Footage 41,000 sqft

Price per Sqft $18

MLS Listing ID MDBA2179284

Year Built 1920

Annual Tax Amount $18,735

Tax Year 2024

Lot Size 0.359 Acres

Acres 0.36

Property Sub-Type Mixed Use

Source BRIGHT

Property Description

Online Auction Only! Bidding begins Friday, September 5th and ends Wednesday, September 10th, 2025 at 12:00 PM. (1:00PM for 1501 Guilford See MLS #). List price is suggested opening bid. Public Auction Sale: Redevelopment Opportunity of a 48,000 Sq. Ft. Building Located in the Station North Arts and Entertainment District of Baltimore City. Building & Grounds Highlights: • Size & Scale: expansive 48,000 +/- square foot building spread across 5 levels, including a lower level and outbuilding. • Zoning: Situated on 0.36 acres of IMU-1 zoned land with a special PUD (Planned Unit Development) designation. • Parking & Access: Features a gated storage yard, indoor garage, and abundant street parking. The property includes multiple loading docks and bays, along with multiple building entrances. • Infrastructure: Concrete, steel, and masonry construction ensure durability. The building is equipped with a full wet sprinkler system, fire escapes, alarm pulls, and 3-phase electric service. • Unit Mix: The current configuration supports a mix of multifamily and commercial uses, offering flexibility for a variety of investment strategies. • Elevators: Includes a freight elevator and a potential shaft for the addition of a passenger elevator. Exceptional Location: • Prime Neighborhood: Located in the heart of the Greenmount West Planned Urban Development and the vibrant Station North Arts & Entertainment District. • Unmatched Connectivity: Just a short distance from Penn Station, which serves over 3 million commuters annually. The building has a "Walker's Paradise" Walk Score of 90%+. • Proximity to Amenities: Surrounded by major employment centers, educational institutions, entertainment venues, and shopping districts. • Strategic Investment: The area has seen billions invested in local infrastructure and development, including a $150M renovation to Penn Station, which will also feature new residences and retail. • Incentives: The property is located in a local Opportunity Zone and offers potential for Historic and Energy Incentives. • Market Demand: Capitalize on the low inventory of available rental housing and retail space in the area. • Easy Transportation: Quick access to I-83, Downtown, Mount Vernon, and Charles Village. • Scenic Views: The property overlooks the Baltimore skyline and the historic Greenmount Cemetery. Property Details: • Year Built: Circa 1920, with several renovations over the years. • Architectural Style: A stunning example of Victorian Industrial architecture. • Construction: The exterior is brick, block, steel, granite, and glass, with an interior of block, concrete, steel, and wood. Floors are solid concrete. • Unit Breakdown: The building is divided into two wings, with a central staircase and freight elevator. It comprises eight expansive industrial units, each approximately 5,000 sq ft. Previous uses included 6 residential artist lofts, a ground-floor parking garage, and a 5,000 sq ft artist collaboration suite. • Natural Light: Large windows throughout the building provide abundant natural light and a unique, open feel. • Ceiling Height: Soaring ceilings range from 10' to 15' in height. • Zoning Details: The IMU-1 zoning allows for a wide range of uses, including multifamily, retail, office, industrial, and specialty uses. The PUD designation adds further flexibility for M-1, B-1, B-2, and O-R uses. • Parking: A total of 45 +/- spaces are available, including 15 +/- in the garage, 10 +/- in the gated yard, and 20 +/- on the public street. • Taxes: Property taxes for 2023 were $11,994. • Utilities & Safety: Equipped with public water, sewer, gas, electric, and internet services. A full wet sprinkler system, alarms, and fire escapes ensure comprehensive fire safety. The building offers 24-hour access.

Location

State MD

County Baltimore City

Zoning IMU-1

Interior

Hot Water Electric, Natural Gas

Heating Forced Air, Other

Cooling Other

Heat Source Natural Gas

Exterior

Garage Spaces 15.0

Water Access N

View City

Accessibility Elevator, 2+ Access Exits

Total Parking Spaces 15

Garage N

Building

Sewer Public Sewer

Water Public

New Construction N

Schools

School District Baltimore City Public Schools

Others

Tax ID 0312101128 048

Ownership Fee Simple

SqFt Source Estimated

Acceptable Financing Cash, Conventional, Bank Portfolio

Listing Terms Cash, Conventional, Bank Portfolio

Financing Cash,Conventional,Bank Portfolio

Special Listing Condition Auction

Ram Bala

Agent | License ID: VA:0226036501 MD:576134

+1(703) 403-5338

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Ram Bala

419 E OLIVER ST Baltimore, MD 21202

Key Details

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419 E OLIVER ST