$595,000 Price Analysis   ♡   Baltimore, MD 21212 Unknown bed 0 bath unknown SqFt ($0/SqFt) 6,783SqFt lot. Listed 2024-03-19 | Ⓧ USDA Ineligible due to property near Baltimore |
Located less than 1
* Sale Pending *000 feet from the bustling intersection of York Road and Northern Parkway, this development opportunity benefits from a prime location with a daily traffic flow of 13, 800 vehicles. The intersection of Northern and York sees traffic counts as high as 28, 000 daily. Situated on the side of the street where commuters head home, it offers convenient access to York Road, a major north/south thoroughfare connecting northern Baltimore City with central Baltimore County. Adding to its allure, the historic Senator Theatre stands proudly across the street, serving as a magnet for visitors from all corners of the globe. Belvedere Square, one block north, attracts over 10, 000 visitors a week with its mix of restaurants, shops and hosted events. Comprising three legal lots, the C-2 zoning classification offers a versatile array of potential uses, encompassing multifamily dwellings, retail spaces, restaurants or office establishments. The property boasts an impressive 200 feet of frontage along York Road, facilitating visibility and accessibility. It further benefits from utility connections, including a 10-inch water supply connection on York Road and an 8-inch sewer connection located in the rear alley.
Under By-Right provisions, a developer possesses the potential to construct up to 120 apartments on this site, with no parking requirements. The propertys elevation relative to the York Road sidewalk ranges from approximately 3 feet on the southern end to 6 feet on the northern end. It is worth noting that, as part of a Planned Urban Development (PUD), certain usage restrictions apply that may deviate from the typical allowances under C-2 Zoning regulations. The seller is in talks with the community about removing the PUD; call us for details.This development opportunity lies within a three-mile radius of five prestigious colleges and universities, positioning it as an ideal choice for off-campus housing, tapping into the substantial disposable income of this demographic. Within a 15-minute drive time, a thriving community boasts 212, 121 households and a population of 455, 655 individuals, as per the 2020 Census. The York Road Corridor serves as a retail hub, anchored to the south by prominent retailers like Staples and extending an impressive three miles north to the ever-popular Towson Town Center. Here, youll find a blen d of national giants such as Giant Foods, Chipotle, Panera and PetCo, alongside local businesses like Ayd Hardware, a family-owned establishment that has proudly served the community since 1974. Convenient transportation access is another highlight, with swift connectivity to I-83 for travel north or south achievable within a mere ten minutes. Furthermore, 5837 5841 York Road enjoys a location along the CityLink Red bus line, recognized as the most heavily utilized MTA bus route, ensuring effortless accessibility for both residents and visitors alike.
Presented by Will Cannon at
Ben Frederick Realty, Inc.
Property MLS #MDBA2118344 from BrightMLS
Lot Size Square Feet: 6783
Calculated Total Monthly Association Fees: 0
Map directions Map directions Map directions Map directionsSource Listing Status: Pending
County: BALTIMORE CITY
Current Use: Vacant
Ownership: Fee Simple
Source Property Type: Land
Area: BALTIMORE CITY
Source Neighborhood: BALTIMORE CITY
Township: Baltimore City
Property Subtype: Land
Source System Name: C2C
$595,000
BrightMLS
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.