Downtown Development Opportunity
7,000 SF C-5DC Downtown Baltimore lot near Lexington Market. Now $340K.
Marketing description
Price Improvement — Now Offered at $340,000.
Rare development opportunity in the heart of Baltimore’s Bromo Arts District. Located one block from the newly redeveloped Lexington Market and less than a five-minute walk from the University of Maryland Medical Center and BioPark, this 7,000 sq. ft. Downtown Baltimore Development Lot offers exceptional visibility and access. Zoned C-5DC, the property allows for multifamily, mixed-use, or commercial development with no unit caps, parking minimums, or setback requirements.
Recent nearby projects underscore the area’s strong redevelopment momentum, including The Xander Apartments (19 units, opened 2021), Crook Horner Lofts (15 loft apartments + 7,000 sq. ft. of commercial, delivered 2023), and Phoenix on Park (44 apartments + 2 retail spaces, began leasing Summer 2025; website suggests a waitlist).
Utilities are located in the adjacent streets (water, sewer, and conduit), though service connections would need to be established through permitting. The site can also accommodate 20–30 parking spaces, offering interim income potential as a paid surface lot.
Surrounded by cultural anchors such as the Hippodrome and Everyman Theatres, Lexington Market, and major institutional employers, 319 N Paca sits at the crossroads of Baltimore’s arts, entertainment, and education corridors.
Investment highlights
● Downtown Baltimore Development Lot — Flexible C-5DC zoning allows multifamily, mixed-use, or commercial development with no unit caps, parking minimums or setback requirements.
● One Block from Lexington Market — Historic public market, recently redeveloped with new food vendors, legacy culinary staples and vibrant community gathering space.
● Less than a 5-Minute Walk to University of Maryland — Medical Center, BioPark, and professional schools anchor the city’s west side employment hub.
● Two Blocks to Entertainment Venues — Hippodrome and Everyman Theatres anchor the Bromo Arts District’s cultural corridor.
● Strong Rental Market — Nearly 70% of households within a 5-minute drive are renter-occupied, supporting consistent multifamily demand.
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