509 S WASHINGTON Street, Baltimore, MD 21231

This fully entitled, permit-ready multifamily development site includes 509 S Washington St. and adjacent lots 55, 55G, and 55H on Duker St., totaling approximately 6,447+/- square feet of land. The property is improved as a development parcel and has an approved development plan for about 26,500+/- square feet of gross floor area across 33 apartment units. The offering is zoned C-1 and provides for 33 apartments by right, with CHAP Part 1 approval received for compliance covering height, setbacks, massing, and scale. The Baltimore City Site Plan Review is also completed and approved, supporting an expedited path to development.

The site is located at the nexus of Fells Point and Canton in Baltimore, with a stated Walk Score of 99. The surrounding area includes waterfront and entertainment-focused destinations and a mix of retail, dining, and neighborhood amenities. Nearby employers called out include Johns Hopkins Medicine, Exelon, Kennedy Krieger Institute, Morgan Stanley, Laureate Education, and H&S Bakery.

For developers and investors seeking a mid-sized multifamily project with approvals already secured, this parcel is structured to move forward with 33 units by right under C-1. It also qualifies for the Baltimore Development Corporation’s High-Performance Market-Rate Rental Housing Tax Credit, described as a 10-year incentive with an 80% abatement on increased assessed value from improvements during the first five years, tapering by 10% annually through Year 10, subject to the stated eligibility criteria including a minimum of 20 units and LEED Silver certification or higher. The property is offered as a fee simple interest and is being marketed as an online auction “opening bid” listing.