Property ID : Pratt733
Sale Pending $500,000.00 - Apartment Building, Mid Rise/Hi-Rise
NEW LOWER PRICE!
4 Buildings across the Street from University of Maryland’s Downtown Baltimore Campus, featuring Shock Trauma Center, School of Nursing, Law School, Medical School, Pharmacy School, and Dental School.
These 4 buildings are in poor condition and need of total gut-rehab, or tear-down and build something new. There is extensive water damage and mold on the property. Possible to acquire neighboring properties for a larger foot print.
C-1 Zoning allows high-density residential development as well as offices and commercial uses. Residential density requires 300 sq.ft. of lot area per dwelling unit (equates to 145 units per acre). Up to 17 apartments are permitted on this site as a matter of right. There is the ability to appeal to the City for a variance for more units on this site. There is no parking requirement.
This property is located in the Ridgley’s Delight Historic District. Any development is subject to CHAP guidelines for historic preservation. Historic tax credits are available.
5,680 sq.ft. Land Area
8,325 sq.ft. Building Area
60′ frontage on West Pratt Street
C-1 Zoning on Pratt Street; R-8 on Fremont Avenue parcel.