2126 Maryland Avenue

Description

Entitled, Permit-Ready Redevelopment — Entitlement Risk Eliminated2126 Maryland Avenue presents a de-risked repositioning opportunity in one of Baltimore's most active urban corridors. Current ownership obtained BMZA approval for a variance permitting 29 residential dwelling units, 38% above the 21 units permitted by right under the C-1 District's 300 SF minimum lot area requirement. All proposed uses are permitted by right within the C-1 zoning district, and no off-street parking is required, consistent with C-1 District exemptions. Fully executed architectural drawings by Donny Ankri Architects spanning all four levels are included with the sale, along with associated permits and BMZA application materials, giving a new owner a clear, pre-approved path to execution.Construction Initiated — Defined Scope and Clear Path RemainingCurrent ownership has completed meaningful early-stage work, having reframed the roof at 101 W. 22nd Street and installed 45 replacement windows (32"x60") throughout the second floor and above. The approved permit scope additionally included a 1,200 amp electrical service upgrade, which has not yet been completed. The property is being delivered fully vacant, and a new owner will carry the project through its remaining phases, including completion of first-floor window installation, the electrical service upgrade, full MEP system installation, and interior buildout across all 29 residential units and four commercial suites. An active permit extension (B-EXT-25-03663) is currently pending with Baltimore City's permitting office, and prospective purchasers should independently confirm current permit status and any requirements for reactivating or re-pulling associated permits prior to closing.Granular, Workforce-Oriented Unit Mix Across Four FloorsThe approved 29-unit residential program is distributed across four floors in a well-considered mix of 11 studios (avg. 359 SF), 14 junior one-bedrooms (avg. 449 SF), and 4 one-bedrooms (avg. 604 SF), with an overall average of approximately 436 SF per unit. This efficiently sized mix is well-suited to the urban workforce and young professional renter base that defines demand in the surrounding neighborhoods. The ground floor further includes four commercial suites including a barber/salon space, two office suites, and a retail goods establishment, providing multiple income streams and active street-level programming along the Maryland Avenue corridor.High-Visibility Corner at the Intersection of Baltimore's Most Dynamic Urban NeighborhoodsThe property occupies a prominent corner position at Maryland Avenue and W. 22nd Street, at the southern tip of Charles North — one of Baltimore's most culturally active and evolving urban districts. Remington, among the city's fastest-appreciating residential neighborhoods, is approximately 3 blocks to the east. Station North, Baltimore's designated Arts & Entertainment District, is approximately 3 blocks to the southwest. Maryland Avenue provides high visibility and consistent foot traffic, while regional connectivity is strong with I-83 under a mile away, and both the Inner Harbor and the Downtown Baltimore CBD are within two miles, placing residents within easy reach of the city's primary employment, cultural, and entertainment destinations.