What is Special About this Development Opportunity in Baltimore City?
This is a rare opportunity to build up to 42 apartments on excess land. The land is on the rear lot of an established, 35-unit garden style apartment building. The redeveloped Rotunda, featuring MOMS Organic Market and Brick Bodies is only a 1/2 mile away, with Giant grocer, Dunkin Donuts and Chipolte within walking distance.
Specifics of this Development Opportunity:
Zoned R-6, a zoning variance will be necessary to build more than 16 units on this land. There are 31 existing off-street parking spaces. A Phase 1 Environmental Study, completed in May, 2021, concluded that there are no adverse conditions noted. This opportunity is available by entering into a land lease (ground lease) with current owners.
What is Unique About Hampden/Hoe’s Heights?
30% of residents in these neighborhoods have completed undergraduate or graduate college, with an average household earning over $75,000 or more. 59% of this population still rents, with the average age of the population 37. Hampden has a WalkScore of 86, BikeScore of 60 and Crime Grade “A.” Baltimore’s famous “Avenue” (36th Street) is only a 1/2 mile away, giving residents a myriad of restaurants and retail shops to frequent.
Call Cheryl to have her email you the offering memorandum, or download directly from our site below.
Unless and until there is a written Buyer-Broker Agency Agreement signed with a prospective Buyer, then Ben Frederick Realty, Inc., Ben Frederick Realty, Inc. represents the Seller. Please click here to download the Maryland Real Estate Commission form “Understanding Whom Real Estate Agents Represent”.