Professional Office Building with
407 W Pennsylvania Avenue Towson, MD 21204
407 W Pennsylvania Avenue, Towson, MD, 21204
$599,900
For Sale
$599,900
Two full floors plus a finished lower level office building with forced-air heating/cooling and 14-space rear parking lot.
Property Size3,626 SF
Price / SF$165.44
Days on Market136
Property Features for 407 W Pennsylvania Avenue
General Information
- Standard status
- Active
- Size
- 3,626 SF
- Property subtype
- Office
Building Details
- Year Built
- 1925
Listing agency
(410) 216-5590
Listed by
Keller Williams Legacy
(410) 216-5590
Source
Xome
Added: Mar 9 Updated: Jul 20 at 6:12PM Checked: Jul 21 at 3:06AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams Legacy
Investment Insights
Based on property information with market context.
This well-maintained professional office building offers a flexible interior layout with a welcoming waiting area, two general work zones, six private offices, two conference rooms, and a formal board room. The space includes three bathrooms and a kitchenette with a refrigerator and countertop area. The building is spread across two full floors plus a finished lower level. Heating and cooling on the main and upper floors are provided by a forced-air system, and the lower level is served by a mini-split system for year-round comfort.
The property includes a rear parking lot accessible from Highland Avenue, providing 14 parking spaces. An oversized detached garage with power is also on the premises, which may support additional parking or secured storage.
Served by a flexible ROA zoning designation as stated in the remarks, the building has been used as a law office for over 30 years and is described as suitable for a range of professional office needs or alternative uses, including hybrid work or residential conversion.
The property includes a rear parking lot accessible from Highland Avenue, providing 14 parking spaces. An oversized detached garage with power is also on the premises, which may support additional parking or secured storage.
Served by a flexible ROA zoning designation as stated in the remarks, the building has been used as a law office for over 30 years and is described as suitable for a range of professional office needs or alternative uses, including hybrid work or residential conversion.
Key Highlights
- Two full floors plus finished lower level commercial office building (built 1925) with ROA zoning
- Less than two blocks from the Baltimore County Circuit Courthouse
- Forced‑air heating and cooling on the main and upper floors; lower level heated and cooled with a mini‑split system
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $41.3k | $11.40 |
| − Vacancy | −$7.4k | −$2.05 |
| EGI | $33.9k | $9.35 |
| − OpEx | −$8.5k | −$2.34 |
| NOI | $25.4k | $7.01 |
3,626 SF · lease $11.40/SF/yr · vacancy 18.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$363.2K
$317.8K – $423.7K
NOI $25,422 @ 7.0% cap · market cap 4.24%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$35.18M
$30.78M – $41.04M
NOI $2,462,553 @ 7.0% cap · market cap 410.49%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Office buildings
Similar For Sale Nearby
FAQs
What type of property is this?
Office building - Two full floors plus a finished lower level office building with forced-air heating/cooling and 14-space rear parking lot.
Where is this office building located?
The property is located at 407 W Pennsylvania Avenue Towson, MD.
What is the asking price?
The asking price for this property is $599,900.
What are key features of this property?
This property features: Two full floors plus finished lower level commercial office building (built 1925) with ROA zoning; Less than two blocks from the Baltimore County Circuit Courthouse; Forced‑air heating and cooling on the main and upper floors; lower level heated and cooled with a mini‑split system
