419 E Oliver St - Light Distribution FOR SALE


Baltimore, MD 21202
$1,900,000 USD
443-318-8800
419 E Oliver St, Baltimore, MD for Sale
$1,900,000 USD
Light Distribution - FOR SALE
1/3
null | 14% Cap Rate

419 E Oliver St
Baltimore, MD 21202


HIGHLIGHTS

  • Located at highly trafficked intersection
  • High Occupancy Neighborhood
  • Wet Sprinklers
  • Freight Elevator
  • Current set-up as 5K SF loft apartments
  • Parking Garage

OVERVIEW

Cap rate is on pro-forma 2024 as a multi-unit industrial building. Space is available for occupancy immediately after settlement. Prime Owner-User, Investment, or Redevelopment Opportunity. IMU-1 Zoning allows for Multi-Family, Residential Dwellings above Retail, Research & Development, Warehouse, light industrial, Arts & Entertainment, Animal Clinics, Urban Agriculture, Residential Care Facility, Healthcare Clinic, Gym & Fitness Center, Adult & Child Daycare, Lodge, Office, Retail, Wholesale, Recreation, Dining, Condo Conversion, Food Processing, Movie Studio, Telecom, and much more . 40,144 SF Above Grade. 4 story brick, Block, and Cement Construction, Loading Docks, Ramp, Yard, Freight Elevator, Wet Sprinkler System, and Parking Garage. Each floor has approx 10,000 sf, divided into two wings off of a center hall staircase. The building is sold strictly as-is.

FOR SALE DETAILS

PRICE

$1,900,000 USD

PRICE/SF

$47 USD /SF

CAP RATE

14%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Lofts at The Annex

PROPERTY TYPE

Flex

PROPERTY SUBTYPE

Light Distribution

ADD'L SUBTYPES

undefined, Storefront Retail/Office, Industrial Live/Work Unit

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1961

UTILITIES

Gas - Natural, Water - City, Sewer - City, Heating - Gas

CLEAR CEILING HT

12 Ft

DOCKS

1

DRIVE INS

1

PARKING SPACES

25

LAND DETAILS

LAND ACRES

0.36

LAND SF

15,682

ZONING

I-MU-1

APN/PARCEL ID

12-10-1128-048

ASK ABOUT THIS PROPERTY

Jason LusbyThe Lusby Group of Keller Williams GatewayMore Info
443-318-8800

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Jason LusbyThe Lusby Group of Keller Williams GatewayMore Info
443-318-8800

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.