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509 S Washington St Baltimore, MD 21231

For Sale
$700,000

LAND - BALTIMORE, MD

Lot size:
0.15 Acres
Days on Market:
19
Last Refresh:
Dec 5 at 11:06 am

Property Features for 509 S Washington St

General Information

Property type
Land
Property subtype
Other
Standard status
Active
Lot size
0.15 Acres

Alex Cooper Auctioneers, Inc. (410) 828-4838 [email protected]

Listing agent Matthew S Cooper (410) 828-4838 License #594308

Listing date Nov 17, 2025

MLS# MDBA2190550 Listing URL

Copyright © 2025 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.


Overview

Permit-Ready Multifamily Development Site

This is a fully entitled, permit-ready multifamily development site located at the nexus of Fells Point and Canton, two of Baltimore's most desirable and vibrant waterfront neighborhoods. The property includes 509 S Washington St. and adjacent Lots 55, 55G, and 55H on Duker St., totaling 6,447 square feet of land. It is zoned C-1, allowing for 33 apartment units by right. The permit in hand development encompasses approximately 26,500 square feet of gross floor area across 33 units. The property has received CHAP Part 1 approval, confirming compliance for height, setbacks, massing, and scale. Additionally, the Baltimore City Site Plan Review has been completed and approved, allowing for expedited development. This project qualifies for the Baltimore Development Corporation's High-Performance Market-Rate Rental Housing Tax Credit, a 10-year incentive offering an 80% abatement on the increased assessed value from improvements during the first five years, tapering by 10% annually through Year 10. The property meets eligibility criteria including a minimum of 20 units and a LEED Silver certification or higher. This is a chance to deliver a mid-sized, boutique multifamily product in one of Baltimore's most in-demand neighborhoods. The project's scale allows developers to position rental rates below those of larger institutional assets nearby, catering to a high-demand segment of the rental market while benefiting from long-term tax incentives and immediate development feasibility.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

Commercial land

Suggested Use

Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Food Market Grocery Store

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Baltimore
County
Baltimore
State
Maryland
Longitude
-76.58833
Latitude
39.28545

FAQs

What type of property is this?
Commercial land - Entitled multifamily development site in Baltimore's desirable waterfront neighborhoods.
Where is this commercial land located?
The property is located at 509 S Washington St Baltimore, MD.
What is the asking price?
The asking price for this property is $700,000.
What are key features of this property?
This property features: - Permit-ready multifamily development site for 33 units in the desirable Fells Point/Canton area.; - C-1 zoning allows for 33 apartment units by right.; - Approved CHAP Part 1 and Baltimore City Site Plan Review for expedited development.
More about this property
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