Property ID : Pratt733
For Sale $595,000.00 - Apartment Building, Mid Rise/Hi-Rise
NEW LOWER PRICE!
3 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 3 buildings are in poor condition and need of total gut-rehab, or tear-down and build something new. Possible to acquire neighboring properties for a larger foot print.
B-4-2 Zoning allows high-density residential development as well as offices and heavy commercial uses. Residential density requires 120 sq.ft. of lot area per dwelling unit (equates to 363 units per acre). Baltimore City’s new Zoning Code takes affect June 6, 2017. The new zoning classification for this property is C-1, Commercial, which allows up to 19 apartments on this site by right with no parking requirement. One may appeal for a variance to get more units on this site.
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