Mixed-Use Land for Auction in Baltimore, Maryland

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!