419 E Oliver Street

Description

Online Auction Only! Bidding begins Friday, September 5th and ends Wednesday, September 10th, 2025 at 12:00 PM. (1:00PM for 1501 Guilford See MLS #). List price is suggested opening bid. Public Auction Sale: Redevelopment Opportunity of a 48,000 Sq. Ft. Building Located in the Station North Arts and Entertainment District of Baltimore City. Building & Grounds Highlights: • Size & Scale: expansive 48,000 +/- square foot building spread across 5 levels, including a lower level and outbuilding. • Zoning: Situated on 0.36 acres of IMU-1 zoned land with a special PUD (Planned Unit Development) designation. • Parking & Access: Features a gated storage yard, indoor garage, and abundant street parking. The property includes multiple loading docks and bays, along with multiple building entrances. • Infrastructure: Concrete, steel, and masonry construction ensure durability. The building is equipped with a full wet sprinkler system, fire escapes, alarm pulls, and 3-phase electric service. • Unit Mix: The current configuration supports a mix of multifamily and commercial uses, offering flexibility for a variety of investment strategies. • Elevators: Includes a freight elevator and a potential shaft for the addition of a passenger elevator. Exceptional Location: • Prime Neighborhood: Located in the heart of the Greenmount West Planned Urban Development and the vibrant Station North Arts & Entertainment District. • Unmatched Connectivity: Just a short distance from Penn Station, which serves over 3 million commuters annually. The building has a "Walker's Paradise" Walk Score of 90%+. • Proximity to Amenities: Surrounded by major employment centers, educational institutions, entertainment venues, and shopping districts. • Strategic Investment: The area has seen billions invested in local infrastructure and development, including a $150M renovation to Penn Station, which will also feature new residences and retail. • Incentives: The property is located in a local Opportunity Zone and offers potential for Historic and Energy Incentives. • Market Demand: Capitalize on the low inventory of available rental housing and retail space in the area. • Easy Transportation: Quick access to I-83, Downtown, Mount Vernon, and Charles Village. • Scenic Views: The property overlooks the Baltimore skyline and the historic Greenmount Cemetery. Property Details: • Year Built: Circa 1920, with several renovations over the years. • Architectural Style: A stunning example of Victorian Industrial architecture. • Construction: The exterior is brick, block, steel, granite, and glass, with an interior of block, concrete, steel, and wood. Floors are solid concrete. • Unit Breakdown: The building is divided into two wings, with a central staircase and freight elevator. It comprises eight expansive industrial units, each approximately 5,000 sq ft. Previous uses included 6 residential artist lofts, a ground-floor parking garage, and a 5,000 sq ft artist collaboration suite. • Natural Light: Large windows throughout the building provide abundant natural light and a unique, open feel. • Ceiling Height: Soaring ceilings range from 10’ to 15’ in height. • Zoning Details: The IMU-1 zoning allows for a wide range of uses, including multifamily, retail, office, industrial, and specialty uses. The PUD designation adds further flexibility for M-1, B-1, B-2, and O-R uses. • Parking: A total of 45 +/- spaces are available, including 15 +/- in the garage, 10 +/- in the gated yard, and 20 +/- on the public street. • Taxes: Property taxes for 2023 were $11,994. • Utilities & Safety: Equipped with public water, sewer, gas, electric, and internet services. A full wet sprinkler system, alarms, and fire escapes ensure comprehensive fire safety. The building offers 24-hour access.