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    5501 Pennington Ave Baltimore, MD 21226

    For Lease
    $6 SF/Yr

    Prime Warehouse & Distribution Space

    Lot size:
    140,325 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This Baltimore City County industrial property at 5501 Pennington Ave, zip code 21226, offers 140,325 square feet of warehouse and distribution space across multiple buildings on approximately 41 acres. Currently, 16,000 square feet is vacant, presenting a leasing opportunity. The property features 16-foot ceilings, seven loading docks, and one drive-in door. It benefits from a strategic location in Curtis Bay, offering direct access to the Port of Baltimore waterways, CSX Railway, and major highways including I-895, I-95, and I-695. Zoned M-I and I-2, this property is situated within an Opportunity Zone, making it eligible for various economic incentives. The property consists of four individual tax parcels and is suitable for short-term and long-term leases. The site previously housed the Origin Americas Headquarters. This unique offering provides prime marine industrial land and buildings in a land-constrained market. Lot size is approximately 0.5 acres. Multiple tenancy is available.

    Property Features for 5501 Pennington Ave

    General Information

    Property type
    Distribution properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    140,325 SF
    Total Rate
    70162.5

    Unit(s) available at that property

    Space
    Warehouse
    Size
    16,000 SF
    Rate per SF
    $6
    Space
    Shed
    Size
    47,082 SF
    Space
    Available Lot 1
    Size
    200,376 SF
    Space
    Available lot 2
    Size
    148,104 SF
    Space
    Available Lot 3
    Size
    87,120 SF
    Space
    Available Lot 4
    Size
    583,704 SF

    HighLights

    • Below‑market lease rate: $6.00/SF (gross).
    • 16,000 SF warehouse.
    • 0.5‑acre paved outdoor storage area.
    • Additional acreage available.
    • Flexible lease terms (short and long‑term).
    • Direct Port of Baltimore waterway access via primary pier.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Origin Americas Oil Refinery Am Spec Services ... Professional Services

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Wholesale Shop Hair Salon Auto Repair Shop Clothing Store Hotel & Motel Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Baltimore
    County
    Baltimore City
    State
    Maryland
    Longitude
    -76.5855756
    Latitude
    39.2170137

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    FAQs

    What type of property is this?
    Distribution property - Prime Warehouse & Distribution Space
    Where is this distribution property located?
    The property is located at 5501 Pennington Ave Baltimore, MD.
    What is the lease rate?
    The lease rate is $0.00-$6 SF/Yr.
    What are key features of this property?
    This property features: Below-market lease rate: $6.00/SF (gross).; 16,000 SF warehouse.; 0.5-acre paved outdoor storage area.
    Request Owner's contact information
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    5501 Pennington Ave Baltimore, MD 21226
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