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Mike Oatley

[email protected] +1(703) 785-8051

Listed by Matthew S Cooper • Alex Cooper Auctioneers, Inc.

$ 700,000

Est. payment -/mo

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Active

509 S WASHINGTON ST Baltimore, MD 21231

6,447 Sqft Lot

UPDATED:

Key Details

Property Type Vacant Land

Sub Type Land

Listing Status Active

Purchase Type For Sale

Subdivision Fells Point Historic District

MLS Listing ID MDBA2190550

HOA Y/N N

Annual Tax Amount $4,418

Tax Year 2025

Lot Size 6,447 Sqft

Acres 0.15

Property Sub-Type Land

Source BRIGHT

Property Description

List price is Opening Bid at the Online auction to be conducted on Auctioneers website. Auction Begins Thursday December 4 Auction ends Tuesday December 9 @ 11:00 am. Rare opportunity to acquire a fully entitled, permit-ready multifamily development site located at the nexus of Fells Point and Canton—two of Baltimore's most desirable and vibrant waterfront neighborhoods. The offering includes 509 S Washington St. and adjacent Lots 55, 55G, and 55H on Duker St., totaling 6,447+/- SF of land with C-1 zoning allowing for 33 apartment units by right. The permit in hand development encompasses approximately 26,500+/- SF of gross floor area across 33 units and has received CHAP Part 1 approval, confirming compliance for height, setbacks, massing, and scale. Additionally, the Baltimore City Site Plan Review has been completed and approved, allowing for expedited development. This project qualifies for the Baltimore Development Corporation's High-Performance Market-Rate Rental Housing Tax Credit—a 10-year incentive offering an 80% abatement on the increased assessed value from improvements during the first five years, tapering by 10% annually through Year 10. The property meets eligibility criteria including a minimum of 20 units and a LEED Silver certification or higher. Investment Potential: This is a rare chance to deliver a mid-sized, boutique multifamily product in one of Baltimore's most in-demand neighborhoods. The project's scale allows developers to position rental rates below those of larger institutional assets nearby, catering to a high-demand segment of the rental market while benefiting from long-term tax incentives and immediate development feasibility. Images shown are renderings and are intended to illustrate the potential appearance of the finished product

Location

State MD

County Baltimore City

Zoning C-1

Exterior

Water Access N

Garage N

Building

Sewer Public Sewer

Water Public

Schools

School District Baltimore City Public Schools

Others

Tax ID 0302071783 040

Ownership Fee Simple

Special Listing Condition Auction

Nearby Locations

SCHOOLSPROPERTIES

Elementary Schools 20

6

Thomas Johnson Elementary/Middle School

Public | PK - 8
5

Mount Royal Elementary/Middle School

Public | KG - 8
5

Cecil Elementary School

Public | PK - 5
5

Armistead Gardens Elementary/Middle School

Public | PK - 8
4

John Eager Howard Elementary School

Public | PK - 5
4

Midtown Academy

Public | KG - 8
4

Baltimore Montessori Public Charter School

Public | PK - 5
4

Federal Hill Preparatory School

Public | PK - 5
4

Francis Scott Key Elementary/Middle School

Public | PK - 8
4

Hampstead Hill Academy

Public | PK - 8
4

The Green School

Public | KG - 5
3

Commodore John Rogers Elementary/Middle School

Public | PK - 8
3

Patterson Park Public Charter School

Public | PK - 8
2

Eutaw-Marshburn Elementary School

Public | PK - 5
2

Margaret Brent Elementary/Middle School

Public | PK - 8
2

Waverly Elementary/Middle School

Public | PK - 8
2

Wolfe Street Academy

Public | PK - 5
2

John Ruhrah Elementary/Middle School

Public | PK - 8
1

James McHenry Elementary School

Public | PK - 8
1

Furman Templeton Preparatory Academy

Public | PK - 5

Middle Schools 17

4

The Crossroads School

Public | 6 - 8
3

Baltimore Leadership School for Young Women

Public | 6 - 12
3

Stadium School

Public | 6 - 8
2

National Academy Foundation

Public | 6 - 12
1

Booker T. Washington Middle School

Public | 6 - 8
1

New Hope Academy

Public | 6 - 12
1

New Era Academy

Public | 6 - 12
1

The Reach! Partnership School

Public | 8 - 12
1

Afya Public Charter School

Public | 6 - 8
1

Vanguard Collegiate Middle School

Public | 6 - 8
0

Baltimore Montessori Public Charter Middle School

Public | 6 - 8
0

Baltimore Design School

Public | 6 - 10
0

St Ignatius Loyola Academy

Private | 6 - 8
0

Mother Seton Academy

Private | 6 - 8
0

Bluford Drew Jemison STEM Academy Middle School

Public | 6 - 8
0

Friendship Academy of Science and Technology

Public | 6 - 12
0

Northeast Middle School

Public | 6 - 8

High Schools 18

8

Baltimore School for the Arts

Public | 9 - 12
6

Baltimore City College

Public | 9 - 12
5

Paul Laurence Dunbar High School

Public | 9 - 12
1

Renaissance Academy

Public | 9 - 12
1

Digital Harbor High School

Public | 9 - 12
1

Heritage High School

Public | 9 - 12
1

Maritime Industries Academy

Public | 9 - 12
0

The Community School

Private | 9 - 12
0

Eager Street Academy

Public | 9 - 12
0

St Frances Academy

Private | 9 - 12
0

Institute of Notre Dame

Private | 9 - 12
0

Achievement Academy @ Harbor City High School

Public | 9 - 12
0

Baltimore Antioch Diploma Plus High School

Public | 9 - 12
0

Cristo Rey Jesuit High School

Private | 9 - 12
0

New Spiritual Foundation Christian Academy

Private | 11 - 12
0

The Catholic High School of Baltimore

Private | 9 - 12
0

Archbishop Curley High School

Private | 9 - 12
0

Claremont School

Public | 9 - 12

School and business data provided by Attom Data.

Mike Oatley

Agent | License ID: VA:0225256406 MD:5012833

+1(703) 785-8051

Mike Oatley

509 S WASHINGTON ST Baltimore, MD 21231

Key Details

Location

Exterior

Building

Schools

Others

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509 S WASHINGTON ST