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Property summary
The property is a circa 1920 Victorian Industrial-style building totaling approximately 48,000 square feet, located in the Station North Arts and Entertainment District of Baltimore City on a 0.36-acre parcel. It sits on IMU-1 zoned land with a special Planned Unit Development (PUD) designation and is constructed of concrete, steel, and masonry. The site includes a gated storage yard and an indoor garage with approximately 15 spaces, with additional street parking totaling approximately 45 spaces. The building is divided into two wings connected by a central staircase and a freight elevator, with an existing shaft that may allow for addition of a passenger elevator. It features multiple building entrances and loading docks/bays for access and movement, and is equipped with a full wet sprinkler system, fire escapes, alarm pulls, and 3-phase electric service. The current layout supports a mix of multifamily and commercial uses and includes eight expansive industrial units of approximately 5,000 square feet each; it has previously been used for residential artist lofts, a ground-floor parking garage, and an approximately 5,000 square foot artist collaboration suite. Large windows provide natural light, and interior ceiling heights range from about 10 to 15 feet. The property is served by public water, sewer, gas, electric, and internet services and provides 24-hour access. Zoning supports a wide range of uses, including multifamily, retail, office, industrial, and specialty uses, with PUD flexibility for M-1, B-1, B-2, and O-R uses; the site is also within a local Opportunity Zone and is positioned within the Greenmount West Planned Urban Development, near Penn Station, with views toward the Baltimore skyline and Greenmount Cemetery.
Property profile
VerifiedCap rate & NOI
Location
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
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Cap rate
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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
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Zoning designation
Official district profile
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…
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