1 Willard St, BALTIMORE

$350,000

0 Beds
0 Baths
0 Sqft
1.52 Acres
0 Garages

"The property at 1 Willard St, Baltimore, MD 21223, presents an exceptional opportunity for industrial, commercial, or potential multifamily development. There's a possibility to rezone the property for multifamily use, opening the door for projects like senior housing or affordable housing.

Strategically positioned with direct access to major transportation routes, the property’s robust infrastructure supports diverse operations, including manufacturing, warehousing, and distribution. A key advantage is its location within Baltimore’s Enterprise Zone, offering significant tax incentives, including a 10-year real property tax credit on improvements and income tax credits for job creation. These incentives can dramatically reduce operating costs for businesses or developers.

Moreover, the property is part of several transformative neighborhood plans, such as the West Baltimore MARC Station Transit-Oriented Development (TOD) Plan, which enhances regional connectivity and accessibility for local workers. The Frederick Elementary School INSPIRE Plan is focused on neighborhood improvements, contributing to a vibrant community that could increase property values. The Southwest Partnership Vision Plan aims to revitalize the area, making this property a prime candidate for businesses or developers looking to be part of a broader community renewal effort.

With these strategic advantages, and the possibility of multifamily development, this property is ideally positioned for growth, whether for industrial purposes or innovative housing solutions."

Essential Information
MLS® #MDBA2145034
Price$350,000
Bathrooms0.00
Acres1.52
Year Built1920
TypeBusiness Opportunity
Sub-TypeIndustrial
StatusActive
Community Information
Address1 Willard St
SubdivisionSHIPLEY HILL
CityBALTIMORE
CountyBALTIMORE CITY-MD
StateMD
MunicipalityBaltimore City
Zip Code21223
Interior
HeatingOther
School Information
DistrictBALTIMORE CITY PUBLIC SCHOOLS
Additional Information
ZoningIMU-1
Listing Details
OfficeMidfield Realty
Office Contact4104985408
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Listing information last updated on December 21st, 2024 at 9:45pm EST.

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