2127 Edmondson Ave Baltimore, MD 21223
This exceptional redevelopment opportunity presents a 36,490 square foot, two-story building situated on a 0.64-acre lot in Baltimore, Maryland. Currently vacant, this fee-simple property boasts 137 feet of frontage on Edmondson Avenue, experiencing a daily vehicle traffic count of 10,429. Originally constructed in the 1930s for automotive use, the building has more recently served as an event space and office area. The property includes ample parking for approximately 100 vehicles, split between upper and lower levels, with the lower level providing covered parking. The building's TOD-4 zoning allows for a mix of residential, commercial, and civic uses, with a minimum height of 24 feet and a maximum of 100 feet. Located in the Midtown-Edmondson neighborhood, this property benefits from a dense population (44,274 within a 1-mile radius) and proximity to the West Baltimore MARC Station, US-1, US-40, I-95, and MD-205. Its location within a Priority Funding Area makes it eligible for various local, state, and federal redevelopment incentives. This absolute $1 auction, with no reserve, presents a unique chance to acquire a substantial property with significant redevelopment potential. The auction will take place December 9-11, 2024.
The purpose of TOD Transit-Oriented Development Zoning Districts is to encourage the location of uses and forms of development conducive to increased transit usage. This District is intended to promote new, well-integrated residential and commercial development around transit stations, to ensure that new development occurs in the form of compatible, higher d…
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
TOD-4 · Baltimore, MDThe purpose of TOD Transit-Oriented Development Zoning Districts is to encourage the location of uses and forms of development conducive to increased transit usage. This District is intended to promote new, well-integrated residential and commercial development around transit stations, to ensure that new development occurs in the form of compatible, higher density, transit-friendly design in close proximity to transit systems, to encourage a pedestrian-orientation in new development, to decrease reliance on motor vehicles by increasing transit uses, and to encourage a mix of buildings and activities that provides settings for social interaction and active community life
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.