Overview

Description

Value Add Opportunity for a developer as an adaptive-re-use for apartments or self-storage, or owner-user for its own business. Half acre site improved with a multi-story warehouse complex of 3 existing buildings totaling 52,747 square feet. Building features include high ceilings, operating 3,000 lb. freight elevator, wood frame, two interior staircases, and fenced storage/parking area.

The property is situated just north of the Baltimore central business district within the Jonestown Historic District, which was established in 1732 and was laid out on ten acres on the east side of the Jones Falls Expressway (Interstate 83 North). The district is a mix of industrial, commercial and residential buildings that housed and employed several immigrant and class groups throughout the 18th, 19th, and 20th centuries. Jonestown lies within the Perkins Somerset Oldtown (PSO) communities which are planned to be transformed into a Community of Choice, funded by a $30 million Choice Neighborhoods Implementation grant that will leverage more than $540 million in committed funding and investments from public, private, and nonprofit partners.

Highlights

• Adaptive-re-use or Value-Add Investment Opportunity
• Located in Opportunity Zone
• Adjacent to planned Perkins Somerset Oldtown redevelopment
• Warehouse Buildings In Good Physical Condition
• Ancillary Income Provided by Billboard & Cell Tower Leases
• Total Site Area is 25,473 SF (0.58 Acre)

Documents

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