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- LoopNet Team
509 Washington St
Baltimore, MD 21231
509 S Washington · Land For Sale
·
0.15 AC
INVESTMENT HIGHLIGHTS
- Centrally Located Between Fells Point and Canton, Two of Baltimore's Premier Waterfront Communities
- Boutique Apartment Living in a Highly Desirable Area
- Tax Incentivized Development Opportunity
PROPERTY FACTS
| Property Type | Land | Proposed Use | Apartment Units |
| Property Subtype | Commercial | Total Lot Size | 0.15 AC |
| Zoning | C-1 | ||
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Apartment Units |
| Total Lot Size | 0.15 AC |
| Zoning | C-1 |
DESCRIPTION
509 S Washington St. represents a unique opportunity to acquire a "permit ready" multifamily development site in Fells Point, a premier waterfront neighborhood. This parcel affords a developer the ability to create boutique apartment living in a highly desirable location, while being more affordable than the larger, amenitized nearby communities. Current zoning allows for the construction of 33 apartments by right. This project has been presented and approved by CHAP for Part 1, which outlines the height, setbacks, massing and scale. Additionally, the site review plan has been approved by the city. Existing plans call for (20) JR 1 Br-1 Ba, (9) 1 Br-1 Ba, and (4) 2 Br-1 Ba apartments. The property is currently commercial land with over 6,400 SF of space on Washington St. and 3 small lots on Duker St. Upon completion, the developer can take advantage of the Baltimore Development Corporation's 10 Year High Performance Market-Rate Rental Housing tax credit. The location for the property is near where Fells Point and Canton meet, two of Baltimore's most sought after neighborhoods.
