Property profile

419 E Oliver St Baltimore, MD 21202

FOR SALE
Parking lots & garages
Property ID
US40-1341503
10,036 SF 0.36 ac lot Built 1920
Entity Owned 7-yr Hold Free & Clear
Saved · see the list in your Dashboard

Property summary

AI-generated overview

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

Verified
Property type Parking lots & garages
Use group PARKING GARAGE, PARKING STRUCTURE
Year built 1920
Total area 10,036 SF
Lot 0.36 ac (15,635 SF)
Zoning code IMU-1
APN 12-10-1128 -048
UPID US40-1341503

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

419 E Oliver St Baltimore, MD 21202
Baltimore metro Census 120500 BALTIMORE-TOWSON, MD METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$21.27M
Blend (final) Blend
$505k

Owner & transaction history

since 2019
1 recorded transaction
2019
Price N/A

Zoning & alternative use

IMU-1 · Baltimore, MD
Zoning description

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…

General category MIXED_USE

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message