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Former Penn Lumber

5 Properties Offered at $700,000 in Baltimore, MD

Investment Highlights

  • Large, well located parcel of commercial land totaling 14,513 sf (0.33 acres).
  • Catty-corner from Metro West, a 1,085,000 sf office complex planned for redevelopment.
  • Property is currently generating $42,000 in annual gross rental income.
  • Two existing buildings in average condition with on-site parking.
  • Easy access to U.S. Route 40, mass transit, retail, and medical services.
  • Owner Financing for well qualified buyer.

Executive Summary

Portfolio consists of 507-509, 511, 601 Pennsylvania Avenue & 553-557 Seminary Court.
Penn Lumber is comprised of two vacant lots and three buildings totaling 9,105 square feet on 7,386 square feet of land. The property is located just north of the intersection of West Franklin Street and Pennsylvania Avenue in Baltimore City.
Penn Lumber is located in the historic Seton Hill Neighborhood, which is a small community just northwest of downtown Baltimore. The neighborhood is in reasonable proximity of the University of Maryland – Baltimore Campus, Bromo Arts & Entertainment District, and Mt. Vernon. The property is just opposite the Metro West Complex which is the new home for the Maryland Department of Health Services 1,200 employees.

Property Facts

Price $700,000
Price / SF $48.24 / SF
Sale Type Investment
Status Active
Number of Properties 5
Individually For Sale 0
Total Building Size 14,510 SF
Total Land Area 0.64 AC

Properties

Property Name / Address Property Type Size Year Built Individual Price
507 Pennsylvania Ave, Baltimore, MD 21201 Retail 3,893 SF 1920 -
511 Pennsylvania Ave, Baltimore, MD 21201 Land 0.06 AC - -
557 Seminary Ct, Baltimore, MD 21201 Industrial 4,312 SF 1960 -
553 & 555 Seminary Ct, Baltimore, MD 21201 Retail 1,319 SF 1960 -
601 Pennsylvania Ave, Baltimore, MD 21201 Industrial 4,986 SF 1950 -
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  • Listing ID: 33237754

  • Date on Market: 9/19/2024

  • Last Updated:

  • Address: Former Penn Lumber, Baltimore, MD

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