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Listed by Jason S Lusby • Keller Williams Gateway LLC
$ 750,000
Est. payment /mo
New
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
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