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31458511
31458512

5615 The Alameda, Baltimore, MD 21239 For Sale

VC
MD 669769, DC SP40004131
Coldwell Banker Residential Brokerage
Listed by Coldwell Banker Residential Brokerage
$2,275,000
113 days on market
Updated 21 days ago

Greater Church of the Risen Savior

Details
Property Type Special Purpose
Sub Type Religious/Church
Square Footage 12,010
Lease Type Gross
Lease Term 5
Lease Expiration 06/30/2029
Remaining Term 2.9
Price per SqFt $189
Broker Co-Op Yes
Year Built 1955
Buildings 1
Stories 2
Acreage 1.790
Zoning R5
Parking Spaces 14 spaces
Parking per 1,000 SqFt 1.17
Lease Commencement 07/01/2024

Special Purpose | 12,010 SqFt

Marketing description

The Martin Home Group and CB Realty are pleased to present the opportunity to acquire the Greater Church of the Risen Savior, a versatile 1.79-acre campus situated in the established Woodbourne Heights neighborhood of Baltimore. This unique asset combines a substantial 12,000 SF special-use facility with a significant land footprint, offering both immediate utility for an owner-user and long-term value via strategic redevelopment. Originally designed to support a vibrant community, the improvements include a 300-seat sanctuary, a 60-person fellowship hall with a commercial-grade kitchen, five private offices, and two conference suites. The property is further enhanced by 20+ paved parking spaces across two lots. Recent upgrades include roof, oil heating system, boilers, hvac, and water heater. The investment is further de-risked by immediate cash flow from a strategic parking lease with the neighboring Bank of America, providing a unique covered-land-play advantage during any potential transition or redevelopment phase. Situated in Central Baltimore, the campus occupies a high-visibility position directly across from The Alameda Marketplace and less than one mile from MedStar Good Samaritan Hospital. The site benefits from exceptional connectivity to major commuter corridors and public transit, placing it at the center of a dense residential and retail hub. As Baltimore continues to prioritize adaptive reuse and neighborhood revitalization, this 1.79-acre footprint offers a rare, scalable opportunity for institutional or community-driven reinvestment in a high-demand submarket.

Investment highlights

1.79 Acre Church Property with Cash Flow & Development Potential. Parking lot leased to neighboring Bank of America Branch. Updated systems and roof. Central location across from shopping center.

Listing Contacts

VC
MD 669769, DC SP40004131
Coldwell Banker Residential Brokerage
Listed by Coldwell Banker Residential Brokerage

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Additional Information

Name
Vince Carchedi
License
669769
Brokerage
Coldwell Banker Realty
Brokerage Phone
410-515-2000
Title
Salesperson
Brokerage Address
5 Bel Air South Parkway
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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