What’s Great About this Shopping Strip / Redevelopment Opportunity:
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.
Email Tom@BenFrederick.com to schedule a tour, or call 410-235-5200 to discuss your investment objectives and criteria.
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”.