Published on: Tuesday, November 5, 2024
Updated on: Tuesday, November 5, 2024
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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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  Former Penn Lumber
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-12691

Purchase Option

Acquisition Option: Traditional Purchase
Cap Rate (%): Contact Lister
Net Operating Income: Contact Lister
Commission Split (%): 0
Quick Glance
Listing ID: CL-Maryland-12691
Status: Accepting Offers
Financing: Third Party Financing
Occupancy: N/A
Year Build: N/A
Building Size: 9,105.00 SqFt
Lot Size: 14,513.00 SqFt.
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: Existing
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: 9,105
No of Stories: N/A
Total Lot Area: 14513 SqFt.
No of Parking: N/A
No of Total Units: N/A
Property Current Status: Normal Sale
Building Status: Existing
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
Property Description 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. Location 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.
Listing Location
Attached Documents
  • Download | Former Penn Lumber - Sale Brochure.pdf ( 3,662.40KB)
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Listing Type: Commercial +Lease
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Status: Active
Created On: 11/5/2024
Modified On: 11/5/2024
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Title: Splendid Commercial Land
Address: 507-509, 511, 601 Pennsylvania Avenue & 553-557 Seminary Court , Baltimore Maryland 21201
Listing ID: CL-Maryland-12237
Listing Type: Commercial
Category: Land - Commercial
Status: Active
Created On: 9/30/2024
Modified On: 9/30/2024
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Address: 581 Old Town Mall , Baltimore Maryland 21202
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Category: Office - Office Condo
Status: Active
Created On: 8/13/2024
Modified On: 8/13/2024
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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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