1301 ROLAND HEIGHTS AVE Baltimore, MD 21211

This 1/3 acre site is located in an R6 Zoning District, permitting 9 Units by right with higher density possible with a zoning variance. This development site is in Medfield, one of Baltimore Citys popular and up-and-coming neighborhoods is a rare opportunity. Situated on a mostly level, corner lot, the site has 105 of frontage along Roland Heights Avenue. City water and sewer connections are already in place. The Church building is leased through 1/31/2022, with the landlord having the right to terminate the rental agreement with two-months notice. The church rental income helps cover carrying costs while going through the pre-development stages. The R6 zoning district allows both townhomes and multi-family, with up to 9 units by right. Woodberry, an adjacent neighborhood, is seeing a dramatic increase in the redevelopment of old industrial lots into new housing, with new townhomes in this market sell from mid-$300 and into the mid-$400s, 1-bedroom apartments in this market rent as high as $1200/month, with 2-bedrooms as high as $1500/month. Nestled 2 minutes from I-83 and the West Cold Spring Metro Station allow your potential home buyers or renters to live in the City, but work outside of City limits. Both Johns Hopkins University and Loyola University are 1 mile away. The newly developed Rotunda, home to MOMs Organic Market and Starbucks, is less than a mile and offers shopping, food and entertainment. Hampdens famous Avenue offers locals affordable ubers for nights out on the town. Latest statistics show that Medfield is 75% home owners and 25% renters.