Property Highlights

• Address: 1724 Gorsuch Ave, Baltimore, MD 21218
• Lot Size: 1,440 sq ft (24' x 60')
• Zoning: R-6 (Residential, allows for multiple-family dwellings)
• Potential Use: Townhomes or a small-scale multifamily building
• Asking Price: $20,000

Investment Opportunity

This shovel-ready vacant lot is a goldmine in the heart of Baltimore's Oliver neighborhood, a hidden gem undergoing an exciting transformation. With its prime location and flexible zoning, this property is a blank canvas for your development dreams.

Comps: The Numbers Don't Lie

• 1612 Gorsuch Ave: A similar lot nearby, sold for $55,000 in April 2023 and is now buzzing with townhome construction.
• 1800 Etting St: A slightly larger lot nearby, snagged for $70,000 in June 2023 with plans for a 6-unit apartment building already approved.
• 1532 Federal St: A smaller lot that fetched $45,000 in December 2022, now transforming into a charming single-family home.

Neighborhood Amenities: The Sweet Spot

• Johns Hopkins Hospital: A major employer and healthcare powerhouse, just a quick 10-minute drive, creating a constant demand for housing.
• Patterson Park: Baltimore's beloved "Best Backyard" is a short stroll away, offering 155 acres of lush greenery, a refreshing public pool, and a lively rec center.
• The Avenue in Hampden: A vibrant shopping and dining scene brimming with local flavor is just a 20-minute walk or a quick hop in the car.
• Public Transportation: With multiple bus routes and the Johns Hopkins Hospital Metro Station within walking distance, connectivity is a breeze.

The Oliver Renaissance: Your Profit Catalyst

• Oliver Community Association: A passionate neighborhood group dedicated to fostering community spirit and driving positive change.
• Eastern Avenue Development: A massive redevelopment project breathing new life into the area with trendy shops, restaurants, and housing.
• City Investment: Baltimore City is pouring resources into infrastructure and housing initiatives, amplifying Oliver's growth potential.

Why This is the Golden Ticket:

• Dirt Cheap: The $17,500 asking price is a steal for a buildable lot in this rapidly appreciating neighborhood.
• High Demand, Low Supply: The Oliver neighborhood is experiencing a housing crunch, creating a built-in market for your development.
• Skyrocketing Potential: With property values on a steep incline, this investment is poised for exponential growth.
• Shovel-Ready: This vacant lot is primed for immediate action, no demolition or environmental headaches to slow you down.

Don't Let This Opportunity Slip Through Your Fingers:

Seize this chance to shape the future of Oliver. Contact us today to schedule a site visit and let's turn this vacant lot into a thriving community asset.