3110 Elm Ave Baltimore, MD 21211-2722

This fee-simple industrial property, located at 3110 Elm Ave in Baltimore, MD 21211, offers a unique redevelopment opportunity. The 60,000 square foot building, situated on a 0.66-acre lot, features three stories, each with 12-foot ceilings. The building boasts a full brick exterior, I-beam construction, and heavy-duty 480-volt, 3-phase power. It's fully sprinklered and includes two loading docks and a freight elevator servicing all three floors. The main and upper levels each comprise 24,000 square feet, while the basement level, currently leased for storage, offers 12,000 square feet. The property is zoned I-MU1 and was officially designated a CHAP Landmark (not a National Historic Landmark) on July 2, 2024, making it eligible for CHAP tax credits upon redevelopment. Currently at 33% occupancy, this multi-tenant building presents a compelling investment opportunity. Its prime location in Hampden offers convenient access to I-83, Route 40, and I-695, as well as proximity to downtown Baltimore and the vibrant 36th Street corridor. The building's column spacing is 21 feet across and 19.5 feet down the building. The asking price is $3,200,000, translating to $53.33 per square foot. This property is surrounded by recently developed high-end residential properties, presenting a strong potential for future growth and value appreciation.