415 Pennington Ave - Office FOR SALE


Havre De Grace, MD 21078
$1,500,000 USD
410-967-9896
415 Pennington Ave, Havre De Grace, MD for Sale
$1,500,000 USD
Office - FOR SALE
1/64
null | Request Cap Rate

NEW


415 Pennington Ave
Havre De Grace, MD 21078


HIGHLIGHTS

  • Prime Commercial Building in downtown Havre de Grace
  • Tenant in place for instant income
  • Access second floor office space via elevator

OVERVIEW

Don't miss out to own a prime multi tenant Class A water view office space in downtown historic Havre de Grace. High end renovations for this two level office building that also has an upgraded lower level for storage. This property is not merely office space but it is a turnkey, professional, high-spec 'Innovation Hub' especially designed for the many professional uses for your growing business. While the first floor offers the stability strong income of a long term medical anchor (Dental), the building has been engineered to support the most demanding modern uses. The vacant approximately 3,610 SF second floor is ideal for a tech-headquarters, design firm or any professional office use that is supported by a dedicated 200Amp service and cooling specifically for on-premise cloud or edge computing In addition, for the 'Value-Add' investor there is also a 3,605 sqft maker space in the basement that features a fully epoxy floor and backed by 3-Phase electrical service. This space is custom-built for an industrial 3D Print Farm or Additive Manufacturing center. In an era where local prototyping and small-batch production are surging, this infrastructure allows an owner to capture 'Flex-Industrial' rents that far exceed standard basement storage rates. With a remarkably low tax basis, this asset is a high-margin multi tenant property capable of producing a stabilized Cap Rate for the investor who recognizes the value of turnkey tech-infrastructure. This property is in the central downtown core of waterfront historic Havre de Grace that is walking distance to restaurants, waterfront parks, library, and many more community amenities.

FOR SALE DETAILS

PRICE

$1,500,000 USD

PRICE/SF

$139 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Office

ADD'L SUBTYPES

R&D, Medical, Office/Residential

TOTAL BUILDING SIZE

-

STORIES

3

BUILDING CLASS

A

YEAR BUILT

1967

SPRINKLERS

-

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.15 AC

LAND SF

6,534 SF

ZONING

RB

APN/PARCEL ID

06-027229

ASK ABOUT THIS PROPERTY

Chris StreettStreett Hopkins Real EstateMore Info
410-967-9896

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Chris StreettStreett Hopkins Real EstateMore Info
410-967-9896

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.