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Investment Highlights

  • R5 Zoning
  • 1.79 acres
  • Income generating
  • 12,010 Square Feet
  • Central Location with busy traffic

Executive Summary

The Martin Home Group and CB Realty are pleased to present the opportunity to acquire the Greater Church of the Risen Savior, a versatile 1.79-acre campus situated in the established Woodbourne Heights neighborhood of Baltimore. This unique asset combines a substantial 12,000 SF special-use facility with a significant land footprint, offering both immediate utility for an owner-user and long-term value via strategic redevelopment. Originally designed to support a vibrant community, the improvements include a 300-seat sanctuary, a 60-person fellowship hall with a commercial-grade kitchen, five private offices, and two conference suites. The property is further enhanced by 20+ paved parking spaces across two lots. Recent upgrades include roof, oil heating system, boilers, hvac, and water heater. The investment is further de-risked by immediate cash flow from a strategic parking lease with the neighboring Bank of America, providing a unique covered-land-play advantage during any potential transition or redevelopment phase. Situated in Central Baltimore, the campus occupies a high-visibility position directly across from The Alameda Marketplace and less than one mile from MedStar Good Samaritan Hospital. The site benefits from exceptional connectivity to major commuter corridors and public transit, placing it at the center of a dense residential and retail hub. As Baltimore continues to prioritize adaptive reuse and neighborhood revitalization, this 1.79-acre footprint offers a rare, scalable opportunity for institutional or community-driven reinvestment in a high-demand submarket.

Financial Summary (Actual - 2025) Click Here to Access

Annual Annual Per SF
Gross Rental Income $99,999 $9.99
Other Income - -
Vacancy Loss - -
Effective Gross Income $99,999 $9.99
Net Operating Income - -

Financial Summary (Actual - 2025) Click Here to Access

Gross Rental Income
Annual $99,999
Annual Per SF $9.99
Other Income
Annual -
Annual Per SF -
Vacancy Loss
Annual -
Annual Per SF -
Effective Gross Income
Annual $99,999
Annual Per SF $9.99
Net Operating Income
Annual -
Annual Per SF -

Property Facts

Price $2,275,000
Price Per SF $189.43
Sale Type Investment or Owner User
Property Type Specialty
Property Subtype Religious Facility
Building Class C
Lot Size 1.79 AC
Building Size 12,010 SF
No. Stories 1
Year Built 1955
Tenancy Single
Parking Ratio 2.08/1,000 SF
Zoning R-5 - R-5 allows detached/semi-detached homes, rowhouses, and limited low-rise multifamily at moderate density.
Moderately walkable
70/100
Moderately drivable
60/100
Some public transit
50/100
Fairly bikeable
50/100

Property Taxes

Property Taxes

Parcel Number
5260-009
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$1,296,500
  • Listing ID: 39628200

  • Date on Market: 3/2/2026

  • Last Updated:

  • Address: 5615 The Alameda, Baltimore, MD 21239

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