804 Franklintown RdBaltimore, MD 21216

Property Details for 804 Franklintown Rd

Year built

1940

Construction

BRICK

Lot size

0.75 AC

Property size (Sq ft)

55,176 SF

Zone code

R-8

Property type

Industrial properties

Property subtype

Distribution centers

APN

16-21-2481 -003

APU

16212481003

Description

This exceptional opportunity presents a 42-unit Class A apartment building development project in Baltimore, MD, situated on a 0.75-acre lot at 804 N Franklintown Rd, zip code 21216. The project, totaling 53,631 square feet across three stories, is currently in the pre-construction phase. All necessary zoning variances have been secured, making it a "shovel-ready" investment. The design includes 33 parking spaces. The property is conveniently located less than two miles from Highway 95 and three miles from downtown Baltimore. Architectural drawings are available. The existing structure on the site must be demolished before construction can begin. The asking price is $1,050,000 ($19.58/sq ft, $25,000/unit). This redevelopment project offers significant potential for substantial monthly rental income, estimated between $71,000 and $84,000, depending on final finishes. The property is offered fee simple, with no ground lease. Prospective buyers are responsible for obtaining building permits and completing construction. Due diligence is recommended.

• Alternative Use

  Use

  Valuation

  Residential

  $13,617,741

  Hospitality

  $12,473,778

  Educational

  $10,378,037

  Medical

  $10,734,953

  Retail

  $16,143,613

Location Insight

City

Baltimore

County

Baltimore City

State

Maryland

Latitude

39.2959

Longitude

-76.6659

CBSA code

12580

CBSA name

BALTIMORE-TOWSON, MD METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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