$77,000

Rare C-1 commercial property in a central location! Zoning permits commercial spaces along with an allowance for 5 additional residential dwelling units. The current building comprises approximately 6,000 gross square feet. Expanding the square footage is convenient, as the main floor extends 100 feet to the alley, and the owner has the option to increase the height up to 60 feet. The property necessitates a complete gut renovation, but upon its completion, it has the potential to generate a monthly income ranging from $6,000 to $8,000+. A main floor commercial tenant would enjoy the advantages of a high-traffic location situated at the corner of Greenmount and North Avenue, which serves as the intersection of the Barclay, East Baltimore Midway, and Greenmount West neighborhoods. The property is conveniently located along major bus routes, merely half a mile away from the Baltimore Arts and Entertainment District, and a quick 5-minute drive to Penn Station. It's worth exploring the surrounding neighborhoods, especially considering the ongoing community redevelopment initiatives in the area. This is an opportunity you don't want to miss out on. Contact us today to discover more!