419-433 EAST OLIVER, BALTIMORE, MD 21202

Rarely available square footage in Baltimore's Station North Art's and Entertainment District.  This approx 48,000 gross sf building has exceptionally versatile mixed use IMU-1 zoning and is located in the 2003 Greenmount West Planned Urban Development (PUD).  Allowable uses are extensive and range from multi-family, industrial, office, and retail to specialty uses like medical, laboratory, institutional, education, and urban agriculture to name a few.  The building consists of 5 stories, including a small basement.  The building is served by a center stairwell and freight elevator serving each unit.  Additional shaft(s) exist for the potential of lifts.  Each floor consists of two 5,000 SF +/- units for a total of 8 units.  Additional unit(s) could possibly be added to the lower level.  The last use of the building was 6 Multi-Family Live-Work Artist Lofts and collaborative space, 1 large common collaboration unit on the first floor, and 1 first floor unit serving as a parking garage.  The property also has a gated storage yard, 2 drive in bays, and 1 loading dock.  The building has solid constriction consisting of steel, concrete, brick, and block.  window openings, while currently covered by pebble board, are expansive offering a flood of natural light into the building on all sides, and are large enough for the hoisting of furniture and goods.  This offering is a short walk from Penn Station, bringing approx 3M commuters per year through the neighborhood and a migration of DC Metro Area workers taking advantage of capital beltway wages and affordable Baltimore living through MARC Train commuting.  This creates opportunity to answer the current housing shortage in a value-add property in a neighborhood on the up-swing that is  heavy on tax, employment, and financial incentives.  Anywhere from 30-50 residential units or more could be possible depending on the unit mix and bedroom count.  For the investor looking for a buy-and-hold with minimal relative capital improvements needed: eight 5K sf self-contained units could offer an answer to the neighborhood's shortage of available industrial and retail space for small users, and still create a lucrative gross yearly income.  Showings require proof of wherewithal.  Non-public information requires NDA.  All tours must be accompanied by the Listing agent.