5132 Park Heights Ave - Storefront Retail/Office FOR SALE


Baltimore, MD 21215- Central Park Heights
$600,000 USD
443-618-2585
5132 Park Heights Ave, Baltimore, MD for Sale
$600,000 USD
Storefront Retail/Office - FOR SALE
1/12
null | Request Cap Rate

5132 Park Heights Ave
Baltimore, MD 21215
Central Park Heights


OVERVIEW

Capitalize on one of Baltimore's most exciting growth opportunities with this nearly 10,000-square-foot commercial property strategically positioned within the rapidly transforming Pimlico redevelopment district. Zoned C-1 Neighborhood Business, this versatile asset offers exceptional flexibility for investors seeking stable income potential or owner-users looking to establish a long-term presence in a high-growth market. Currently configured into four separate suites, the property can continue to accommodate multiple tenants, providing the opportunity for diversified rental income, or be reconfigured to suit a single owner-occupant or larger commercial user. The flexible layout also allows for additional demising or combining of suites to meet a wide variety of business needs. The C-1 zoning supports an extensive range of commercial uses, including retail, grocery or convenience stores, restaurants and carry-out establishments, coffee shops, bakeries, professional offices, medical and dental practices, pharmacies, financial institutions, fitness studios, salons, barber shops, day-care facilities, religious organizations, personal service businesses, art galleries, and numerous other neighborhood-serving commercial uses. The property features excellent street frontage and visibility, two spacious multi-stall restrooms, and the opportunity to incorporate a shared employee break room or additional common amenities. Its functional layout makes it well suited for both multi-tenant investment and owner-user occupancy. What truly distinguishes this property is its location just moments from the multi-billion-dollar redevelopment of Pimlico Race Course. Backed by significant investment from the State of Maryland, the area is undergoing a remarkable transformation that includes a modernized year-round racing and entertainment venue, future hotel development, new residential communities, retail expansion, public infrastructure improvements, and extensive neighborhood revitalization. As redevelopment continues, the surrounding area is expected to experience increasing property values, stronger business activity, and sustained demand for commercial space.

FOR SALE DETAILS

PRICE

$600,000 USD

PRICE/SF

$65 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1924

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.1 AC

LAND SF

4,356 SF

ZONING

B-2-2

APN/PARCEL ID

4582-011A

ASK ABOUT THIS PROPERTY

Sam TannerThe Entrusted Group at KW CommercialMore Info
443-618-2585

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Sam TannerThe Entrusted Group at KW CommercialMore Info
443-618-2585

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