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5615 The Alameda 12,010 SF Specialty Building Offered at $2,275,000 in Baltimore, MD 21239



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 | Lot Size | 1.79 AC |
| Price Per SF | $189.43 | Building Size | 12,010 SF |
| Sale Type | Investment or Owner User | No. Stories | 1 |
| Property Type | Specialty | Year Built | 1955 |
| Property Subtype | Religious Facility | Tenancy | Single |
| Building Class | C | 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. | ||
| 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. |
1 1
Moderately walkable
70/100
Moderately drivable
60/100
Some public transit
50/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 5260-009 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $1,296,500 |
Property Taxes
Parcel Number
5260-009
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$1,296,500
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5615 The Alameda
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