investment
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Prime Development Opportunity in West Baltimore – Build, Hold, or Flip
$24,000
1040 W Franklin St
Baltimore, MD 21223
Baltimore, MD 21223
Khari Garrett
Listing Agent
Property Description
1. Investment Snapshot
Positioned in the evolving neighborhoods of West Baltimore, 1040 W Franklin St presents a rare opportunity to acquire a buildable residential lot in a location surrounded by ongoing redevelopment. Whether you're a developer looking for your next project or an investor seeking long-term appreciation, this parcel offers a strategic entry point at a relatively low basis with meaningful upside potential.
2. Full Investment Overview (Detailed Description)
1040 W Franklin St is a vacant land parcel located within a historically significant and steadily revitalizing corridor of Baltimore. The surrounding area has seen consistent reinvestment activity, including renovated rowhomes, infill new construction, and community development initiatives aimed at stabilizing and improving property values.
The lot is ideally suited for residential development—most likely a rowhome consistent with the architectural fabric of the neighborhood. Investors should explore zoning allowances, but typical use cases in this area include single-family resale, long-term rental holds, or even affordable housing initiatives depending on funding strategies.
From a positioning standpoint, the property benefits from proximity to major commuter routes, public transportation access, and key city anchors such as downtown Baltimore, the University of Maryland Medical Center, and the West Baltimore MARC Station. This connectivity enhances both resale and rental appeal.
For developers, the numbers can work favorably due to the relatively low acquisition cost of land compared to improved properties. For buy-and-hold investors, new construction in this area can produce solid rental yields, particularly if designed to meet current tenant expectations (modern layouts, energy efficiency, and durable finishes).
There is also a strategic angle here: assembling multiple adjacent lots (if available) could unlock greater scale and value, making this an even more compelling opportunity for experienced investors.
For a complete investment analysis, contact Khari G by calling or texting (202) 487-3745.
Positioned in the evolving neighborhoods of West Baltimore, 1040 W Franklin St presents a rare opportunity to acquire a buildable residential lot in a location surrounded by ongoing redevelopment. Whether you're a developer looking for your next project or an investor seeking long-term appreciation, this parcel offers a strategic entry point at a relatively low basis with meaningful upside potential.
2. Full Investment Overview (Detailed Description)
1040 W Franklin St is a vacant land parcel located within a historically significant and steadily revitalizing corridor of Baltimore. The surrounding area has seen consistent reinvestment activity, including renovated rowhomes, infill new construction, and community development initiatives aimed at stabilizing and improving property values.
The lot is ideally suited for residential development—most likely a rowhome consistent with the architectural fabric of the neighborhood. Investors should explore zoning allowances, but typical use cases in this area include single-family resale, long-term rental holds, or even affordable housing initiatives depending on funding strategies.
From a positioning standpoint, the property benefits from proximity to major commuter routes, public transportation access, and key city anchors such as downtown Baltimore, the University of Maryland Medical Center, and the West Baltimore MARC Station. This connectivity enhances both resale and rental appeal.
For developers, the numbers can work favorably due to the relatively low acquisition cost of land compared to improved properties. For buy-and-hold investors, new construction in this area can produce solid rental yields, particularly if designed to meet current tenant expectations (modern layouts, energy efficiency, and durable finishes).
There is also a strategic angle here: assembling multiple adjacent lots (if available) could unlock greater scale and value, making this an even more compelling opportunity for experienced investors.
For a complete investment analysis, contact Khari G by calling or texting (202) 487-3745.
Key Features
- Vacant residential lot – ready for development
- Located in a revitalization zone with ongoing redevelopment activity
- Strong potential for new construction rowhome development
- Fix & flip (build-to-sell strategy)
- Long-term rental hold (new construction premium rents)
- Portfolio expansion / land banking
- Proximity to: Downtown Baltimore - Major commuter routes and transit options - Employment hubs and medical institutions
- Opportunity to leverage city incentives - grants - or development programs (buyer to verify)
- Potential for assemblage with nearby parcels for larger-scale development
- Lower entry price compared to improved properties = higher margin potential
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