3307 And 3309 Martini Avenue,
Dundalk, Maryland, 21222 Estados Unidos

3307 And 3309 Martini Avenue
Dundalk, Maryland, 21222 Estados Unidos

$500,000USD

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3307 And 3309 Martini Avenue

About 3307 And 3309 Martini Avenue, Dundalk, Maryland

List price to be opening bid. Online Auction Only! Bidding begins Friday, June 11th & ends Wednesday, June 16, 2021 at 1:00pm. Waterfront Development Opportunity on Bullneck Creek! 2.10 Total +/- Acres With 55 +/- Boat Slips and 90 +/- Dry Dock Spaces, 2 Residential Homes and Storage/Utility Building Known As the "Starr Marina" in Dundalk. 2.10 +/- Acres With 55 +/- Boat Slips and up to 90 +/- Dry Dock Spaces, 2 Residential Properties and a large storage/utility building Known As "Starr Marina" in Dundalk. The number of boat slips can be increased to 60 with an addition of a floating pier for 5 slips. Value Added Investment: The property is currently owned by a partnership that has not focused its resources on maximizing the full revenue potential. The two homes currently rent for a total of $44,400 annually. The 2,646 sq. ft storage/utility building can be leased out. The boat slips can be rented for approx. 1,400-$2,000/each on an annual basis. The 90 +/- storage spaces in the boatyard have a potential rent of $150/month/space. There are other services that can be provided to customers for revenue enhancement. Bidders are encouraged to check market comparables for the boat slips, storage and additional services. The DR 5.5 zoning of the property allows a higher density than 2 residential dwellings. There is potential to take advantage of the higher density and for the homes to enjoy a waterfront view of Merritt Park and the availability of on-site boat slips. The boat slips are as follows: 11 Slips along the bulkhead 20' up to 24' depending on slip. Depth about 3' deep on an average tide. 8 Slips that face the north 20' by bulkhead then up to 50' at the end. Depth about 3' at bulkhead to 9' at the end on average tide. 17 Slips on the inside on center section that face the west (bulkhead) 20' up to 40' . Depth about 5'- 7' on average tide. 13 Slips that face the east (park) up to 35' to 45' depending on slip. Depth about 6'- 8' on average tide. 6 Slips that point south - includes end T head (down Bullneck Creek) up to 45'. Depth about 7' - 9' on average tide. Parcel 1:3307 Martini Avenue - comprises 1.0 acre, more or less, with approx. 75' of water frontage. This parcel is improved by an updated two story contemporary style home (approximately 2,560 sq. ft., plus basement) featuring waterfront decks for the first and second floors, 4 bedrooms and 2 full bathrooms. Lead Free certificate. Current Rental $1,950/monthly. Parcel 2: 3309 Martini Avenue - comprises 1.10 acre, more or less, with approx. 145' of water frontage. This parcel is improved by an updated ranch style home (approximately 1,270 sq. ft., plus basement) featuring a waterfront deck, 2 bedrooms and a full bathroom. Lead Free certificate. Current Rental $1,750/monthly. Parcel 2 is also improved by a one story maintenance building comprising approx. 2,646 sq. ft. and currently being used as for storage. The property is served by public water and private septic. The perimeter of the property is fenced with a security gate (access code needed) off Martini Ave. The property is also served by an on-site security camera system. Zoning: D.R. 5.5, with a zoning exemption for use as a boat yard and marina. There is residential subdivision potential. Location description: The Starr Marina is located on Bullneck Creek, with access to Bear Creek and the Patapsco River. It is in close proximity to Baltimore’s Inner Harbor. Merritt Park is located directly opposite the marina. The Baltimore Beltway (I-695 - Exit 44) is less than one mile to the south and I-95 is just several miles to the north. The property is located off Sollers Point Rd south of Merritt Blvd. Dundalk is listed in the National Registry of Historic Places.

Listing Courtesy of Alex Cooper Auctioneers, Inc.

Data provided by BRIGHT MLS

Comercializado por

Maryland Brokerage

Schedule a Showing

Id. de la propiedad:MDBC529948

Estados UnidosMarylandDundalk3307 And 3309 Martini Avenue