Published on: Monday, September 30, 2024
Updated on: Monday, September 30, 2024
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About the Lister
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Name: Leo McDermott
Company: Trout Daniel & Associates
Office Phone: 202-744-6910
Cell Phone: 202-744-6910
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  Splendid Commercial Land
507-509, 511, 601 Pennsylvania Avenue & 553-557 Seminary Court Baltimore Maryland , 21201
507-509, 511, 601 Pennsylvania Avenue & 553-557 Seminary Court Baltimore Maryland , 21201Trout Daniel & Associates
Listing ID: CL-Maryland-12237

Purchase Option

Acquisition Option: Traditional Purchase
Cap Rate (%): Contact Lister
Net Operating Income: Contact Lister
Commission Split (%): 0
Quick Glance
Listing ID: CL-Maryland-12237
Status: Accepting Offers
Financing: Third Party Financing
Occupancy: N/A
Year Build: N/A
Building Size: 4,972.00 SqFt
Lot Size: N/A
No of Stories: N/A
No of Parking: N/A
Offer to Millionaire Club: No
Business Available for Sale: No
Is Net Lease Investment: No
Property On Ground Lease: No
Building Status: Undevelope Land
Listing Summary
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.
Complete Details
Year Build: N/A
Building Size: 4,972
No of Stories: N/A
Total Lot Area: N/A SqFt.
No of Parking: N/A
No of Total Units: N/A
Property Current Status: Normal Sale
Building Status: Undevelope Land
Heating and Cooling: Not Specified
Building Class: Not Specified
Property on Ground Lease?: No
Net Lease Investment?: No
Business Price Included?: No
Roofing: Not Specified
Occupancy: 0%
Full Description
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.
Additional Properties
Property Highlights
  • Large, well located parcel of commercial land totaling 14,513 sf (0.33 acres)
  • Two existing buildings in average condition with on-site parking
  • Catty-corner from Metro West, a 1,085,000 sf office complex planned for redevelopment
  • Easy access to U.S. Route 40, mass transit, retail, and medical services
  • Property is currently generating $42,000 in annual gross rental income.
  • Owner Financing for well qualified buyer
Listing Location
Lister's other Properties
Title: Former Penn Lumber
Address: 507-509, 511, 601 Pennsylvania Avenue & 553-557 Seminary Court , Baltimore Maryland 21201
Listing ID: CL-Maryland-12691
Listing Type: Commercial
Category: Industrial - Warehouse
Status: Active
Created On: 11/5/2024
Modified On: 11/5/2024
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Title: Industrial Space Available for Lease
Address: 5921 Moravia Park Dr , Baltimore Maryland 21206
Listing ID: CL-Maryland-12690
Listing Type: Commercial +Lease
Category: Industrial - Warehouse
Status: Active
Created On: 11/5/2024
Modified On: 11/5/2024
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Title: Convenient Commercial Office
Address: 581 Old Town Mall , Baltimore Maryland 21202
Listing ID: CL-Maryland-11284
Listing Type: Commercial
Category: Office - Office Condo
Status: Active
Created On: 8/13/2024
Modified On: 8/13/2024
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Title: BALTIMORE CLUBHOUSE
Address: 404 E Baltimore St. , Baltimore Maryland 21202
Listing ID: CL-Maryland-11283
Listing Type: Commercial
Category: Retail - Mixed Use
Status: Active
Created On: 8/13/2024
Modified On: 8/13/2024
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