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REAL ESTATE INSIDER

COOL SPACE

Properties to watch in Maryland

Jonestown community offers adaptive reuse project opportunity

 

The industrial properties in Baltimore’s Jonestown neighborhood are ripe for adaptive reuse. (Photo courtesy of Brexton Commercial)

The industrial properties in Baltimore’s Jonestown neighborhood are ripe for adaptive reuse. (Photo courtesy of Brexton Commercial)

PROPERTIES TO WATCH IN MARYLAND

Address: 300-312 N. High St. and 808 Low St., Baltimore
Property type: Industrial
Built: 1880 (ca.)
Listing price: $1.95 million
Contact: Leo McDermott, principal at Brexton Commercial, 202-744-6910; leo.mcdermott@brextoncre.com

These three industrial buildings and a parking lot in Baltimore’s Jonestown community just east of downtown offer an opportunity for an adaptive reuse project.

The sale consists of three buildings, totaling roughly 67,000 square feet of space, with a surface parking lot. The listing price for the property is $1.95 million breaking down to roughly $29-per-square-foot.

The buildings are multistory warehouse properties that date back to the 1880s. Leo McDermott, principal at Brexton Commercial, touts the buildings as an adaptive reuse opportunity particularly for a co-working space or apartment conversion.

“It’s at the right price, and you have on-site parking,” McDermott said.

The building is in the resurgent Jonestown neighborhood in the city. Located behind the Fayette Street Post Office the property is within easy walking distance of the Shot Tower and City Hall.

There’s been heavy investment in the area including the National Aquarium converting 901 E. Fayette St. into its Animal Rescue Center; construction of a new Ronald McDonald House at 1 Aisquith St.; and the planned conversion of the former Hendler Creamery site at 1100 E. Baltimore St. into apartments.

To suggest a property to be featured in Cool Space, Contact Adam Bednar at adam.bednar@thedailyrecord.com.


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