2981 Fls Rd Baltimore, MD 21211-2494
Property summary
This exceptional 15,264 square foot flex space at 2981 Falls Road in Baltimore, MD, presents a compelling value-add opportunity. Boasting IMU-1 Mixed Use zoning, this property offers remarkable versatility. Originally constructed in 1878, the building features robust construction, including impressively thick brick walls (over one foot deep). Situated on a 13,721 square foot lot, its prime location within the Falls Mill District/Hampden area provides excellent visibility and accessibility. The asking price is $750,000, translating to $49.14 per square foot. The property's zoning allows for a wide range of uses, including light industrial, office, residential, and retail, making it an ideal investment for developers and entrepreneurs seeking a unique and adaptable space. Its proximity to the Mill No. 1 redevelopment project further enhances its potential for significant appreciation. This is a rare chance to acquire a substantial property in a rapidly developing area with considerable upside potential. The property's size, zoning, and location combine to create a truly unique investment opportunity in the heart of Baltimore.
Property profile
VerifiedCap rate & NOI
Current use
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Metal Fabrication Plant Factory
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Shipping Company Freight Service
Value estimations
Owner & transaction history
Zoning & alternative use
The IMU Industrial Mixed-Use Zoning Districts are intended to encourage the reuse of older industrial buildings for light industrial use, as well as a variety of non-industrial uses. The IMU-1 District is generally for i…
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
IMU-1 · Baltimore, MDThe IMU Industrial Mixed-Use Zoning Districts are intended to encourage the reuse of older industrial buildings for light industrial use, as well as a variety of non-industrial uses. The IMU-1 District is generally for i…
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for IMU-1 in Baltimore, MD.
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