Pictures of Industrial property located at 510 S Monroe St, Baltimore, MD 21223 for sales - image #1

Pictures of Industrial property located at 510 S Monroe St, Baltimore, MD 21223 for sales - image #2

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510 S Monroe St. Warehouse

THIS 85,875 Sq Ft WAREHOUSE -Plus 12 Residential Lots Ready for Redevelopment

Listing Contacts

David Adebayo
PRO
License: DC IBF40000071
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Asking Price: $900,000

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Address

510 S Monroe St, Baltimore, MD 21223

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Date Added

Feb 19, 2025

Days on Market

61 days

Time Since Last Update

10 days

Details

Property TypeIndustrial

SubtypeWarehouse

Square Footage85,875

Marketing Description

BRING AN OFFER - DO NOT MISS THIS AMAZING OPPORTUNITY TO RE-IMAGINATION. - THIS 85,875 Sq Ft WAREHOUSE -Plus 12 Residential Lots Ready for Redevelopment - In the Enterprise Zone - Many Tax Benefits - Great Location, 3 minutes off of I-95 and walking distance to Carroll Park. Call today for more Information. Don't miss this one.

Value Proposition:

This Warehouse could be converted to residential housing like rowhomes, condos, senior living, multi-generational living with retail on the bottom like a grocery store, coffee shop, drug store or a restaurant. The location is easily accessed; 4 minutes off of I-95 and walking distance to Carroll Park. It is a great site just waiting to be reimagined. It could also be a good candidate for self-storage like a CubeSmart. It was originally The Royal Furniture store and warehouse from the 1800's. Solid brick construction. It is a real steal at $900,000.00 for 85,875 sq ft of warehouse space. The surrounding land, a large parking lot, 12 residential lots and a small wooden warehouse could all be a great site for more rowhomes. Lots of possibilities plus it is in the Enterprise Zone. Lots of good tax benefits from the City.