1629-1631 Aliceanna Street

Description

1629 and 1631 Aliceanna St. Dream passion project in historic Fells Point. Amazing location, amazing opportunity. 50 feet away from Fells Point Market, very close to the water front, 100+GGs of millions of dollars of development activity surrounding this property. Historically significant property with historic easements. Lots of potential uses, zoned C1E, furnished rentals, bar, mixed use, residential, apartments, office, live work space, or whatever you can dream of. The property has interior and exterior historic easements. The property was awarded Federal Historic Tax Credits amounting to 20 percent of the rehabilitation cost plus soft costs, state commercial competitive historic tax credits amounting to another 20 percent of rehabilitation costs. Buyer is responsible for all due diligence of transferring tax credits or re-applying for Maryland State Tax credits. Additionally the property may be able to capture other credits such as Main Street credits. No showings without proof of funds. Property is a shell and requires complete renovationCurrently 5160 Sq foot with a full set of plans to build out out to a 9 unit property with 7 residential rental units, 2 commercial units, and a lobby space with an existing historic bar. Full drawings and MEP available and approved by the city, permit already issued on 1 building for this. Estimated rents of $13,3000 a month with this set up. Or develop it for your use. Deeded separately, can be sold separately