1 Willard St Baltimore, MD 21223

Listing agency Midfield Realty

Listed by Yaakov Kanevsky · License #MD-5012433

Source Crexi

Added: Oct 29, 2024 Updated: Jul 6 at 8:05AM Checked: Jul 21 at 6:37AM

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Investment Insights

Based on property information with market context.

Located at 1 Willard St, Baltimore, MD 21223, this property offers an opportunity for industrial, commercial, or potential multifamily development. Rezoning for multifamily use is a possibility, potentially supporting projects such as senior or affordable housing. The property benefits from direct access to major transportation routes, and its infrastructure is suitable for manufacturing, warehousing, and distribution. Situated within Baltimore’s Enterprise Zone, the location provides access to tax incentives, including a 10-year real property tax credit on improvements and income tax credits for job creation. The property is also part of the West Baltimore MARC Station Transit-Oriented Development (TOD) Plan, enhancing regional connectivity, as well as the Frederick Elementary School INSPIRE Plan, focused on neighborhood improvements. Additionally, the Southwest Partnership Vision Plan aims to revitalize the area. The property's size is 33964 square feet.

Key Highlights

• Located within Baltimore’s Enterprise Zone, offering significant tax incentives.
• Potential for multifamily development through rezoning.
• Direct access to major transportation routes.

Property Analytics

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FAQs

What type of property is this?

Industrial property - Industrial, commercial, or multifamily development potential in Baltimore.

Where is this industrial property located?

The property is located at 1 Willard St Baltimore, MD.

What are key features of this property?

This property features: Located within Baltimore’s Enterprise Zone, offering significant tax incentives.; Potential for multifamily development through rezoning.; Direct access to major transportation routes.