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.