1 Willard St Baltimore, MD 21223
Development Opportunity in Baltimore’s Enterprise Zone with Tax Incentives
Property Overview
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.
Prime Real Estate Investment Opportunity in Baltimore
🌍 Strategic Location with High Growth Potential
This commercial real estate investment in Baltimore is strategically positioned with direct access to major transportation routes, making it an ideal location for businesses in manufacturing, warehousing, and distribution.
A key advantage of this property is its location in Baltimore’s Enterprise Zone, offering significant tax incentives, including:
✅ 10-year real property tax credit on improvements
✅ Income tax credits for job creation
These benefits can substantially reduce operating costs, making it an attractive option for real estate investors, developers, and business owners.
Investment Potential & Tax Benefits
This investment property acquisition in Baltimore is part of several urban development projects, which enhance its long-term value:
West Baltimore MARC Station Transit-Oriented Development (TOD) Plan – Improving transportation and accessibility.
Frederick Elementary School INSPIRE Plan – Enhancing the surrounding community, which can lead to higher property values.
Southwest Partnership Vision Plan – Aiming to revitalize the neighborhood, attracting businesses and residents alike.
These initiatives create a prime opportunity for commercial real estate firms, investors, and real estate agencies looking for Baltimore multifamily investment options.
Multifamily & Mixed-Use Development Opportunities
With zoning potential for multifamily for sale in Baltimore, this property offers the flexibility to be transformed into a multi-unit property suitable for:
🏡 Senior housing
🏢 Mixed-use commercial and residential spaces
🏘 Affordable housing projects
For investors looking to expand their real estate portfolio growth in Baltimore, this property presents strong potential for high ROI.
