2981 Falls RdBaltimore, MD 21211

Property Details for 2981 Falls Rd

Year built

1875

Construction

BRICK

Lot size

0.31 AC

Property size (Sq ft)

15,264 SF

Zone code

IMU-1

Property type

Warehouses

APN

13-12-3500 -007

APU

13123500007

Description

This exceptional 15,264 square foot flex space at 2981 Falls Road in Baltimore, MD, presents a compelling value-add opportunity. Boasting IMU-1 Mixed Use zoning, this property offers remarkable versatility. Originally constructed in 1878, the building features robust construction, including impressively thick brick walls (over one foot deep). Situated on a 13,721 square foot lot, its prime location within the Falls Mill District/Hampden area provides excellent visibility and accessibility. The asking price is $750,000, translating to $49.14 per square foot. The property's zoning allows for a wide range of uses, including light industrial, office, residential, and retail, making it an ideal investment for developers and entrepreneurs seeking a unique and adaptable space. Its proximity to the Mill No. 1 redevelopment project further enhances its potential for significant appreciation. This is a rare chance to acquire a substantial property in a rapidly developing area with considerable upside potential. The property's size, zoning, and location combine to create a truly unique investment opportunity in the heart of Baltimore.

• Alternative Use

  Use

  Valuation

  Residential

  $3,767,240

  Hospitality

  $3,450,771

  Educational

  $2,871,001

  Medical

  $2,969,739

  Retail

  $4,466,002

Location Insight

City

Baltimore

County

Baltimore City

State

Maryland

Latitude

39.3227

Longitude

-76.6297

CBSA code

12580

CBSA name

BALTIMORE-TOWSON, MD METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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