$92.59 Per Sq Foot $1,342 est/mo Sourced by Back At You

1301 Roland Heights Ave,Baltimore, MD 21211

Baltimore MD, 21211

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Description

List price is Opening Bid At The Online Only Auction Sale. Bidding begins Friday, June 7th & ends Wednesday, June 12th, 2024 @ 12:00 PM. Exceptional Development Opportunity: This .32± acre site, located in an R6 Zoning District in Medfield, Baltimore City, presents a rare development opportunity. The R6 zoning is believed to permit up to 8± units by right, with the potential for higher density through a zoning variance. Positioned on a mostly level corner lot, the site features 105± feet of frontage along Roland Heights Avenue and has city water and sewer connections already in place. A building on the property, formerly a church, encompasses approximately 2,700± square feet and includes a basement. Additionally, there is a detached storage shed on the premises. The entire property is fully fenced. Architectural plans are available. The R6 zoning district accommodates both townhomes and multi-family units. In the neighboring Woodberry area, new townhomes are selling from the mid-$400,000s to the mid-$600,000s. Rental rates for A-Class properties in the area are robust, with 2-bedroom units renting for up to $2,300 per month and 3-bedroom units renting for up to $2,600 per month. This site is conveniently located just 2 minutes from I-83 and the West Cold Spring Metro Station, providing easy access for city residents working outside Baltimore. Additionally, Johns Hopkins University and Loyola University are only 1 mile away. The Rotunda, featuring MOM’s Organic Market and Starbucks, is less than a mile away and offers shopping, dining, and entertainment options. The famous "Avenue" in Hampden is also nearby. Don't miss this opportunity!

Details

MLS#MDBA2125610
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year1979
Days On Site8
Listing Provided ByAlex Cooper Auctioneers, Inc. | Jared T Block

Features

SQ Feet2,700
ZoningR-6
Acreage0.32

Market Activity 21211

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Listings Checked: 15 minutes ago
StateMD
CountyBaltimore City
CityBaltimore
Zip Code21211
Community NameMedfield
School DistrictBaltimore City Public Schools
Listing VS Median (in Medfield)
Price:
$250,000
low | high
Med:
$262,500
45% of Average
SqFt:
2,700
low | high
Med:
1,970
77.037037037037% of Average
$ / SqFt:
$93
low | high
Med:
$157
19.758064516129% of Average
On Site:
8
low | high
Med:
4.500000
100% of Average
Sourced by Back At You
Listing Updated: May 16, 2024 at 1:39:36 PM PDT