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319 N Paca St 0.16 Acres of Commercial Land Offered at $472,692 CAD in Baltimore, MD 21201
Investment Highlights
- Flexible C-5DC zoning allows multifamily, mixed-use, or commercial development with no unit caps, parking minimum
- Less than a 5-Minute Walk to University of Maryland — Medical Center, BioPark, and professional schools anchor the city’s west side employment hub.
- One Block from Lexington Market — Historic public market, recently redeveloped with new food vendors, legacy culinary staples and vibrant community.
- Two Blocks to Entertainment Venues — Hippodrome and Everyman Theatres anchor the Bromo Arts District’s cultural corridor.
Executive Summary
319 North Paca Street presents a development opportunity in the heart of the Bromo Arts District, where culture, healthcare, and education converge. The lot benefits from direct access along North Paca Street to Martin Luther King Jr. Boulevard and I-395, ensuring strong regional connectivity.
The immediate area is fueled by a dense urban workforce, with over 50,000 employees and 2,400 businesses within 5 minutes. Expanding to a 15-minute drive, the trade area includes more than 360,000 residents and 18,800 businesses, creating a broad base of potential tenants and customers. With a median age of 34, the surrounding population aligns with demand from young professionals seeking downtown living.
The site also has potential for use as a paid parking lot, with capacity for an estimated 20–30 vehicles. Its location one block from Lexington Market and just two blocks from the Hippodrome and Everyman Theaters positions it well to capture demand from visitors to the Market, entertainment venues, and the broader Bromo Arts District. This option provides an interim income-producing use while investors plan for long-term redevelopment.
What’s Happening Nearby:
The Xander Apartments — Opening October 2025 by Blank Slate Development, adding 19 new apartments just three blocks north on Howard Street.
Crook Horner Lofts — Redeveloped in 2023 by CLD Partners, featuring 15 upscale loft apartments and 7,000 sq. ft. of ground-floor commercial space only two blocks away.
Phoenix on Park — Developed by Dominion Properties,, this project at 219–227 Park Avenue delivered 44 apartments and 2 retail spaces. Leasing began in Summer 2025, and the property’s website suggests there is currently a waitlist.
These recent projects underscore the strong redevelopment momentum in the Bromo Arts District, positioning 319-321 North Paca as the next opportunity in Downtown Baltimore’s ongoing transformation.
Offered at $340,000
$49/Sq. Ft.
Property Facts
1 Lot Available
Lot
| Price | $472,692 CAD | Lot Size | 0.16 AC |
| Price Per AC | $2,935,973.90 CAD |
| Price | $472,692 CAD |
| Price Per AC | $2,935,973.90 CAD |
| Lot Size | 0.16 AC |
7,000 sq. ft.; 50’ frontage along North Paca; 140’ deep. 50’ along Jasper Street (rear alley). Zoned C-5-DC
Description
Rare development opportunity in the heart of Baltimore’s Bromo Arts District. Located one block from the newly redeveloped Lexington Market and less than a five-minute walk from the University of Maryland Medical Center and BioPark, this 7,000 sq. ft. Downtown Baltimore Development Lot offers exceptional visibility and access. Zoned C-5DC, the property allows for multifamily, mixed-use, or commercial development with no unit caps, parking minimums, or setback requirements. Recent nearby projects underscore the area’s strong redevelopment momentum, including The Xander Apartments (19 units, opened 2021), Crook Horner Lofts (15 loft apartments + 7,000 sq. ft. of commercial, delivered 2023), and Phoenix on Park (44 apartments + 2 retail spaces, began leasing Summer 2025; website suggests a waitlist). Utilities are located in the adjacent streets (water, sewer, and conduit), though service connections would need to be established through permitting. The site can also accommodate 20–30 parking spaces, offering interim income potential as a paid surface lot. Surrounded by cultural anchors such as the Hippodrome and Everyman Theatres, Lexington Market, and major institutional employers, 319 N Paca sits at the crossroads of Baltimore’s arts, entertainment, and education corridors.
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319 N Paca St
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