331 North Gay Street
331 North Gay Street
Baltimore, MD 21202
$2,100,000
Price
1,375 / 0.03
Lot Size / Acres
Description
HIGHLIGHTS: C-1 Zoning Allows for the Development of 59 Dwelling Units By-Right, with No Off-Street Parking Requirements; Located in an Opportunity Zone, Providing Significant Tax Benefits like Tax Deferral and Tax Reduction; Located in an Enterprise Zone, Potentially Offering Favorable Tax Rates, Regulatory Exemptions and Other Incentives; Less Than 1/2 Mile To Downtown Baltimore, 1 Mile to Johns Hopkins Hospital or The Inner Harbor & Quick Access to I-83.
17,840 square feet, comprised of 6 legal...HIGHLIGHTS: C-1 Zoning Allows for the Development of 59 Dwelling Units By-Right, with No Off-Street Parking Requirements; Located in an Opportunity Zone, Providing Significant Tax Benefits like Tax Deferral and Tax Reduction; Located in an Enterprise Zone, Potentially Offering Favorable Tax Rates, Regulatory Exemptions and Other Incentives; Less Than 1/2 Mile To Downtown Baltimore, 1 Mile to Johns Hopkins Hospital or The Inner Harbor & Quick Access to I-83.
17,840 square feet, comprised of 6 legal lots, with 167′ feet of frontage along North Gay Street, and additional frontage along North High Street and North Exeter Street. Includes 331-343 North Gay Street, 323 North High Street and 327 North High Street. Lot 014 expands into a 2,040 square foot building that fronts North Exeter Street. C-1 Zoning allows most retail and office uses and no off-street parking requirements. By-right, 59 dwelling units can be built on these sites. 327 and 323 North High Street are part of the site; note that 325 North High Street is a separate lot, privately owned, and not a part of the package. This Baltimore City development opportunity is located in both an Opportunity Zone and an Enterprise Zone, allowing investors to see deferred taxes, favorable tax rates and savings, as well as other incentives. The site is sandwiched between major private and public sector employers, with the main USPS branch of Baltimore City to the South and the Baltimore City Juvenile Justice Center across the street. MCVet, a nonprofit Veteran assistance program, is located on the west end of North High Street. Major traffic routes like Route 40 (Orleans Street), President Street, and I-83 are accessible within a 3-block drive, allowing for easy commutes anywhere in the City, as well as points North. The intersection of East Fayette and President Street, where I-83 ends, sees 62,211 vehicles per day. Major developers are part of the Perkins/Somerset/Oldtown Transformation Plan, revitalizing 244 acres, spanning three neighborhoods, which is nestled directly between the subject property and the Johns Hopkins Hospital. This $860 million dollar project will include mixed-income housing, multi-family housing, office/retail space, a public school, hotel and 500 parking spaces. 331-343 North Gay offers huge upside potential, given nearby activity and tax incentives.
17,840 square feet, comprised of 6 legal...HIGHLIGHTS: C-1 Zoning Allows for the Development of 59 Dwelling Units By-Right, with No Off-Street Parking Requirements; Located in an Opportunity Zone, Providing Significant Tax Benefits like Tax Deferral and Tax Reduction; Located in an Enterprise Zone, Potentially Offering Favorable Tax Rates, Regulatory Exemptions and Other Incentives; Less Than 1/2 Mile To Downtown Baltimore, 1 Mile to Johns Hopkins Hospital or The Inner Harbor & Quick Access to I-83.
17,840 square feet, comprised of 6 legal lots, with 167′ feet of frontage along North Gay Street, and additional frontage along North High Street and North Exeter Street. Includes 331-343 North Gay Street, 323 North High Street and 327 North High Street. Lot 014 expands into a 2,040 square foot building that fronts North Exeter Street. C-1 Zoning allows most retail and office uses and no off-street parking requirements. By-right, 59 dwelling units can be built on these sites. 327 and 323 North High Street are part of the site; note that 325 North High Street is a separate lot, privately owned, and not a part of the package. This Baltimore City development opportunity is located in both an Opportunity Zone and an Enterprise Zone, allowing investors to see deferred taxes, favorable tax rates and savings, as well as other incentives. The site is sandwiched between major private and public sector employers, with the main USPS branch of Baltimore City to the South and the Baltimore City Juvenile Justice Center across the street. MCVet, a nonprofit Veteran assistance program, is located on the west end of North High Street. Major traffic routes like Route 40 (Orleans Street), President Street, and I-83 are accessible within a 3-block drive, allowing for easy commutes anywhere in the City, as well as points North. The intersection of East Fayette and President Street, where I-83 ends, sees 62,211 vehicles per day. Major developers are part of the Perkins/Somerset/Oldtown Transformation Plan, revitalizing 244 acres, spanning three neighborhoods, which is nestled directly between the subject property and the Johns Hopkins Hospital. This $860 million dollar project will include mixed-income housing, multi-family housing, office/retail space, a public school, hotel and 500 parking spaces. 331-343 North Gay offers huge upside potential, given nearby activity and tax incentives.
- Listed by Will A Cannon III • Ben Frederick Realty, Inc.P: 4109163331 will@benfrederick.com
Property Details for 331 North Gay Street
Tax ID Number
0305041284 019
OwnershipFee Simple
HOANo
WaterfrontNo
GarageNo
SubdivisionJONESTOWN HISTORIC DISTRICT
SubdivisionJONESTOWN HISTORIC DISTRICT (BALTIMORE CITY MD)
Legal SubdivisionWard 5
Location
Listing Courtesy of Ben Frederick Realty, Inc.
Add your commute
LISTING UPDATED: 05/14/2024 11:04 AM
Property Details for 331 North Gay Street
| Status | Active |
|---|---|
| MLS # | MDBA2125298 |
| Days on Market | 18 |
| Taxes | $494 / year |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Land |
| MLS Type | Land / Fee Simple |
| Year Built | - |
| Lot Size | 0.03 AC |
| County | Baltimore |
Location
Listing Courtesy of Ben Frederick Realty, Inc.
Add your commute
Building Information for 331 North Gay Street
Lot Size0.03 AC
Payment Calculator
$11,502 per month
30 year fixed, 7.25% Interest
Principal and Interest
$11,461
Property Taxes
$41
HOA Dues
$0
The Payment Calculator is for illustrative purposes only.
Property Information for 331 North Gay Street
Location
Location
- In City Limits: Yes
- School District Name: BALTIMORE CITY PUBLIC SCHOOLS
- School District County ID: 121137830454
- SchoolDistrictSource: Listing Agent
- County: BALTIMORE CITY
Waterfront / Water Access
Waterfront / Water Access
- Water View: No
- Water Access: No
- Water Oriented: No
- Navigable Water: No
- Tidal Water: No
- Riparian Rights Y/N: No
Taxes and Assessment
Taxes and Assessment
- Tax Year: 2024
- Tax Assessed Value: $21,467
- Year Assessed: 2024
- County Tax: $23
- Improvement Assessed Value: $11,000
- City Town Tax: $471
- Clean Green Assessed: No
- Land Use Code: C
- Section: 04
- Zoning: C-1
- Zoning Dscrp: Most retail and office uses; 59 Dwelling Units permitted By RIght.
- Tax Lot: 019
- School Tax: $0
- Automatically Update Tax Values Y/N: Yes
Building Info
Building Info
Lot / Land Information
Farm Information
- Farm Land Preservation Y/N: No
Lot / Land Information
- Lot Size Source: Assessor
- Current Use: Vacant
- Parcel ID: 12912290
- Additional Parcels: Yes
- Addl Parcels Descrp: 343 N. High Street (includes annex on N. Exeter), 323 N. High Street & 327 N. High Street
Utilities
Utilities
- Water Source: Public
- Sewer Septic: Public Sewer
Confidential Data
Listing Office
- List Agent AOR: Greater Baltimore Board of REALTORS
Property History for 331 North Gay Street
| Date | Event & Source | Price | Appreciation |
|---|
| Date | Event & Source | Price |
|---|
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 331 North Gay Street
Taxable ValueLand-Additions-Total-
Tax Record2023$494 ($41 / month)
Home Facts
Total Finished SqFt4,032 SqFtAbove Grade Finished SqFt4,032 SqFtStories3Lot Size1,375 SqFtStyleWarehouseYear Built1920ZoningC-1CountyBALTIMORE CITYAPN05-04-1284 -019
Schools near 331 North Gay Street
This home is within Baltimore City Public Schools.
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Charter - | PK to 8 | |||
| Public - | 6 to 8 | |||
| Public - | 6 to 8 | |||
| Public - | 9 to 12 |
Rating | School | Distance |
|---|---|---|
City Springs Elementary School CharterPK to 8 | ||
Booker T. Washington Middle School Public6 to 8 | ||
Stadium School Public6 to 8 | ||
Digital Harbor High School Public9 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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Listing Courtesy of Ben Frederick Realty, Inc.
© 2024 Bright MLS. All rights reserved. All information is deemed reliable, but accuracy is not guaranteed. Listing information is from various brokers who participate in IDX and not all listings may be visible on the site. The property information being provided is for the consumer’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated on 05/14/2024 11:04 AM