1 WILLARD ST, Baltimore, MD 21223 – MDBA2145034 - Joseph Lam

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Joseph Lam

sales@soldbyturnkey.com +1(856) 305-8329

$350,000

Est. payment - /mo

33,964 SqFt

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UPDATED:

10/29/2024 03:15 PM

Key Details

Property Type Commercial

Sub Type Industrial

Listing Status Active

Purchase Type For Sale

Square Footage 33,964 sqft

Price per Sqft $10

Subdivision Shipley Hill

MLS Listing ID MDBA2145034

Originating Board BRIGHT

Year Built 1920

Annual Tax Amount $4,309

Tax Year 2024

Lot Size 1.520 Acres

Acres 1.52

Property Description

"The property at 1 Willard St, Baltimore, MD 21223, presents an exceptional opportunity for industrial, commercial, or potential multifamily development. There's a possibility to rezone the property for multifamily use, opening the door for projects like senior housing or affordable housing.

Strategically positioned with direct access to major transportation routes, the property?s robust infrastructure supports diverse operations, including manufacturing, warehousing, and distribution. A key advantage is its location within Baltimore?s Enterprise Zone, offering significant tax incentives, including a 10-year real property tax credit on improvements and income tax credits for job creation. These incentives can dramatically reduce operating costs for businesses or developers.

Moreover, the property is part of several transformative neighborhood plans, such as the West Baltimore MARC Station Transit-Oriented Development (TOD) Plan, which enhances regional connectivity and accessibility for local workers. The Frederick Elementary School INSPIRE Plan is focused on neighborhood improvements, contributing to a vibrant community that could increase property values. The Southwest Partnership Vision Plan aims to revitalize the area, making this property a prime candidate for businesses or developers looking to be part of a broader community renewal effort.

With these strategic advantages, and the possibility of multifamily development, this property is ideally positioned for growth, whether for industrial purposes or innovative housing solutions."

Location

State MD

County Baltimore City

Zoning IMU-1

Interior

Hot Water Other

Heating Other

Heat Source Other

Exterior

Water Access N

Accessibility None

Garage N

Building

Sewer Public Sewer

Water Public

New Construction N

Schools

School District Baltimore City Public Schools

Others

Tax ID 0320072173 028

Ownership Other

SqFt Source Assessor

Special Listing Condition Standard

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Listed by Menachem M. Dalfin • Midfield Realty

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Joseph Lam

+1(856) 305-8329

Broker Associate | License ID: 0682262

Broker Associate License ID: 0682262