5501 Pennington AveBaltimore, MD 21226

  • Industrial properties
  • 10.44 AC
For Lease
$6/SF/YR View listing

Property Details for 5501 Pennington Ave

Lot size
10.44 AC
Zone code
I-2
Property type
Industrial properties
Property subtype
Other industrial properties
APN
25-09-7177 -009
APU
25097177009

Description

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.

Valuation
by Realmo methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $112,238,760
    Hospitality
    $102,810,096
    Educational
    $85,536,792
    Medical
    $88,478,536
    Retail
    $133,057,240
5501 Pennington Ave, Baltimore, Maryland
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Location Insight

City
Baltimore
County
Baltimore City
State
Maryland
Latitude
39.2176
Longitude
-76.5866
CBSA code
12580
CBSA name
BALTIMORE-TOWSON, MD METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$86,697
$3,653,600
$20,000
$3,673,600
-
$3,653,600
$20,000
$3,673,600

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