Property Description

Value Add Opportunity for an owner-user or investor. The 2-story structure has been fully restored featuring a new roof, new shoring, and re-pointed brick exterior.
The building interior is now ready for new subflooring, and new mechanical, electrical and plumbing systems. Seller is willing to complete the interior buildout as a contractor for the new owner. This is a chance to purchase your own building at an affordable price and complete the interior design based on your business needs.

Location Description

Located in the Perkins Somerset Oldtown Transformation District, a $1.1 billion redevelopment plan to convert over 244 urban acres into a modern community with 1,360 units of mixed-income housing, retail, large parks, public amenities, and new school. The U.S. Department of Housing and Urban Development's $30 million Choice Neighborhoods Initiative (CNI) grant was awarded in 2018. The massive redo is also supported by a $105 million tax increment financing package, approved in 2020. The massive project is being spearheaded by several developers and public agencies including Henson Development Co., Beatty Development, Cross Street Partners, McCormack Baron Salazar and the Housing Authority of Baltimore City.