1501 Guilford Ave - Apartments FOR SALE


Baltimore, MD 21202- Station North Arts District
$4,500,000 USD
443-318-8800
1501 Guilford Ave, Baltimore, MD for Sale
$4,500,000 USD
Apartments - FOR SALE
1/4
null | Request Cap Rate

1501 Guilford Ave
Baltimore, MD 21202
Station North Arts District


HIGHLIGHTS

  • Across street from Baltimore's Penn Station w/ 3M commuters per annum
  • Parking lot and garage
  • Mix use zoning and PUD
  • Adjacent to $350M train station renovation and development

OVERVIEW

THE COPYCAT BUILDING: A LANDMARK REDEVELOPMENT OPPORTUNITY Landmark Mixed-Use Redevelopment Portfolio – Station North, Baltimore Two-property mixed-use redevelopment portfolio totaling approximately 313,000 SF in Baltimore’s Station North Arts & Entertainment District. The portfolio consists of the 265,220 SF Copycat Building at 1501 Guilford Avenue and the 48,000± SF Lofts at the Annex at 419 E. Oliver Street, situated on approximately 1.61 combined acres. Both properties feature IMU-1 zoning with Greenmount West PUD designation, supporting a broad range of multifamily, commercial, retail, office, industrial and specialty uses. Existing improvements include residential/live-work and commercial space, parking, loading facilities, freight access, 3-phase electric and sprinkler systems. Located immediately adjacent to Baltimore Penn Station with convenient access to I-83, Downtown, Mt. Vernon and Charles Village, the portfolio offers substantial scale and flexibility for adaptive reuse, repositioning or comprehensive mixed-use redevelopment in a transit-oriented urban location. Originally built in 1897 as the main factory for the Crown Cork & Seal Company, the building is a marvel of Victorian Industrial architecture. For decades, it was a hub of innovation, producing the world-famous crown-style bottle caps. In the 1980s, the building transformed into an iconic live-work space, becoming a haven for Baltimore's burgeoning art scene and fostering a vibrant community of creative professionals. This unique heritage makes the Copycat Building more than just a property; it's a piece of Baltimore history. Property Features This mixed-use property is zoned IMU-1 (Industrial Mixed-Use) with a Planned Urban Development (PUD) designation, allowing for a wide range of uses, including multifamily, retail, office, and industrial. The 1.25-acre site offers significant development potential. Key Features include: • Size and Structure: 265,000+ square feet on six levels, constructed with a durable concrete, steel, and masonry frame. • Parking: A private parking lot, indoor garages, and abundant street parking. • Accessibility: Multiple passenger and freight elevators, loading docks, and bays. • Utilities: 3-phase electric service and a full wet and dry sprinkler system. • Signage: A massive 3,000+ square-foot rooftop billboard with high visibility from I-83 and Penn Station. Unbeatable Location The Copycat Building is strategically located in the heart of the Greenmount West Planned Urban Development and the Station North Arts & Entertainment District. Its location offers unparalleled access and visibility. Location Highlights: • Adjacent to Penn Station: With 3 million commuters passing through annually, the building is perfectly positioned to attract residents and businesses seeking an easy commute. The ongoing $150 million renovation of Penn Station will further enhance the area with new residences and retail. • High Visibility: The building is a landmark visible from I-83, which sees over 110,000 cars per day, and from Penn Station. • Walker's Paradise: A Walk Score of over 90% means residents and tenants can easily access major employment centers, educational institutions, entertainment venues, and shopping. • Development Incentives: The property is located in an Opportunity Zone and qualifies for Historic and Energy Incentives, providing significant financial benefits for redevelopment. • Connectivity: Quick access to major highways (I-83) and key Baltimore neighborhoods like Downtown, Mt. Vernon, and Charles Village. The building also offers expansive views of the Baltimore skyline and visibility to the Inner Harbor. The Copycat Building represents a unique opportunity to transform a historic industrial icon into a modern mixed-use development, capitalizing on Baltimore's ongoing renaissance and the growing demand for housing and commercial space. There are a number of documents in the Documents section of this website that explain potential uses and financial incentives provided for renovating this property.

FOR SALE DETAILS

PRICE

$4,500,000 USD

PRICE/SF

$17 USD /SF

# OF UNITS

88

PRICE/UNIT

$51,136

CAP RATE

Request Cap Rate

% LEASED

-

STATUS

Under Renovation

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The CopyCat Building

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Storefront Retail/Residential, Office/Residential, Dormitory

TOTAL BUILDING SIZE

-

STORIES

5

YEAR BUILT

1906

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.25 AC

LAND SF

54,450 SF

ZONING

I-MU

APN/PARCEL ID

1119-001

ASK ABOUT THIS PROPERTY

Jason LusbyThe Lusby Group of Keller Williams GatewayMore Info
443-318-8800

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Jason LusbyThe Lusby Group of Keller Williams GatewayMore Info
443-318-8800

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.