$900,000
$1,250,000
28.0%For more information regarding the value of a property, please contact us for a free consultation.
12,962 SqFt
SOLD DATE : 05/18/2023
Key Details
Sold Price $900,000
Property Type Commercial
Sub Type Five Or More Units
Listing Status Sold
Purchase Type For Sale
Square Footage 12,962 sqft
Price per Sqft $69
Subdivision Waverly
MLS Listing ID MDBA2052958
Sold Date 05/18/23
Originating Board BRIGHT
Year Built 1920
Annual Tax Amount $10,397
Tax Year 2022
Lot Size 0.436 Acres
Acres 0.44
Lot Dimensions 100' x 190'
Property Description
3308 Greenmount Avenue is just steps away from the bustling intersection of 33rd Street and Greenmount Avenue in Waverly, Baltimore. This offering provides an opportunity to purchase .436 acre of C-1 zoned land in the heart of an up-and coming neighborhood in North Central Baltimore. Potential redevelopment as 63 apartments with street-level retail.
Comprised of 3308 – 3318 Greenmount Avenue, this property is split into four retail units. One space is vacant; another is on a month-to-month lease; the last two are on long-term leases, with tenants open to buy-out.
Currently occupied by a convenience store, a grocery store, and a restaurant.
This .436 acre (18,992 sq. ft.) site has C-1 zoning, which allows most office and retail uses, and allows up to 63 apartments to be constructed by right.
New apartments at 1100 East 33rd Street rent for up to $1,700 for a 1 Bedroom unit, and $2,100 for a 2 Bedroom unit.
Location
State MD
County Baltimore City
Zoning C-1
Interior
Hot Water Multi-tank
Heating Forced Air, Radiator
Cooling Central A/C
Heat Source Natural Gas
Exterior
Garage Spaces 30.0
Waterfront N
Water Access N
Accessibility None
Parking Type Parking Lot
Total Parking Spaces 30
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Baltimore City Public Schools
Others
Tax ID 0312183883 003
Ownership Fee Simple
SqFt Source Assessor
Acceptable Financing Cash, Private
Listing Terms Cash, Private
Financing Cash,Private
Special Listing Condition Standard
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Bought with David M Kressin • Ben Frederick Realty, Inc.
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "