1 Street Baltimore, MD 21223 Municipality: Baltimore City

"The property at 1 Willard St, Baltimore, MD 21223, presents an exceptional opportunity for industrial, commercial, or potential multifamily development. There's a possibility to rezone the property for multifamily use, opening the door for projects like senior housing or affordable housing. Stra...tegically positioned with direct access to major transportation routes, the propertyâs robust infrastructure supports diverse operations, including manufacturing, warehousing, and distribution. A key advantage is its location within Baltimoreâs Enterprise Zone, offering significant tax incentives, including a 10-year real property tax credit on improvements and income tax credits for job creation. These incentives can dramatically reduce operating costs for businesses or developers. Moreover, the property is part of several transformative neighborhood plans, such as the West Baltimore MARC Station Transit-Oriented Development (TOD) Plan, which enhances regional connectivity and accessibility for local workers. The Frederick Elementary School INSPIRE Plan is focused on neighborhood improvements, contributing to a vibrant community that could increase property values. The Southwest Partnership Vision Plan aims to revitalize the area, making this property a prime candidate for businesses or developers looking to be part of a broader community renewal effort. With these strategic advantages, and the possibility of multifamily development, this property is ideally positioned for growth, whether for industrial purposes or innovative housing solutions." Continue reading