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Multifamily

Aliceanna Street Development Site

1910 Aliceanna St, Baltimore, MD 21231

Listing Price: Request For Offer

Number of Units
40
Gross SF
5,325

Investment Overview

Marcus & Millichap is pleased to exclusively represent the ownership of 1910-1920 Aliceanna Street, a redevelopment opportunity located in Historic Fells Point. Currently, the property sits on 0.31 acres of well-maintained space and includes 5,325 SF of leasable industrial flex and office space. There are two twelve-foot tall drive-in doors, which provide easy access from Aliceanna Street and the large parking lot allows for vehicles to enter and exit freely. As a redevelopment, an investor has the opportunity to build a 5-story multi-family building with 40 units, comprised of 5 studios, 23 one bedroom, and 12 two bedroom apartments. and attached garage with up to 32 parking stalls. Upon stabilization, an investor could expect approximately $921,600 in gross rents. The property is located within walking distance of coffee shops, retail, office, historical architecture, bars, restaurants, and the Sagamore Pendry Hotel on the cobblestone streets of Historic Fells Point. The property is zoned C-1 for commercial clusters, or pedestrian-oriented corridors of commercial uses that serve the immediate neighborhood. This zoning ensures compatibility between neighboring residential and commercial uses. The location is surrounded by densely populated professionals and is one of the most attractive neighborhoods in the City of Baltimore. The property is located an 8-minute drive to access I-95, a 12-minute drive to access MD-295, and a 6-minute drive to access I-83.

Investment Highlights

  • Redevelopment Opportunity: 40 Luxury Apartments
  • 1 Block from the Baltimore Waterfront Promenade
  • Household Income Exceeds $135,000 Within a 1 Mile Radius
  • 11,261 Daily Traffic Count (2017)
  • Zoned C-1

Exclusively Listed By

Financing By

  • Jared Cassidy

    First Vice President, Capital Markets

    Direct:

    Email Jared

    Washington, D.C., MD

Multifamily

Aliceanna Street Development Site

Listing Price: Request For Offer

Number of Units
40
Gross SF
5,325

Investment Highlights

  • Redevelopment Opportunity: 40 Luxury Apartments
  • 1 Block from the Baltimore Waterfront Promenade
  • Household Income Exceeds $135,000 Within a 1 Mile Radius
  • 11,261 Daily Traffic Count (2017)
  • Zoned C-1

Investment Overview

Marcus & Millichap is pleased to exclusively represent the ownership of 1910-1920 Aliceanna Street, a redevelopment opportunity located in Historic Fells Point. Currently, the property sits on 0.31 acres of well-maintained space and includes 5,325 SF of leasable industrial flex and office space. There are two twelve-foot tall drive-in doors, which provide easy access from Aliceanna Street and the large parking lot allows for vehicles to enter and exit freely. As a redevelopment, an investor has the opportunity to build a 5-story multi-family building with 40 units, comprised of 5 studios, 23 one bedroom, and 12 two bedroom apartments. and attached garage with up to 32 parking stalls. Upon stabilization, an investor could expect approximately $921,600 in gross rents. The property is located within walking distance of coffee shops, retail, office, historical architecture, bars, restaurants, and the Sagamore Pendry Hotel on the cobblestone streets of Historic Fells Point. The property is zoned C-1 for commercial clusters, or pedestrian-oriented corridors of commercial uses that serve the immediate neighborhood. This zoning ensures compatibility between neighboring residential and commercial uses. The location is surrounded by densely populated professionals and is one of the most attractive neighborhoods in the City of Baltimore. The property is located an 8-minute drive to access I-95, a 12-minute drive to access MD-295, and a 6-minute drive to access I-83.

Exclusively Listed By

Financing By

  • Jared Cassidy

    First Vice President, Capital Markets

    Direct:

    Email Jared

    Washington, D.C., MD

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