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2001 Elgin Ave 37,330 SF 100% Leased Office Building Baltimore, MD 21217 $1,875,000 ($50.23/SF)

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INVESTMENT HIGHLIGHTS

  • Flexible IMU zoning supports industrial, residential, and commercial uses
  • 1.69-acre site with strong redevelopment potential
  • Excellent access to major Baltimore thoroughfares and transit
  • Located near Coppin State University and Douglass High School
  • Competitive pricing at $2.2M for over 37,000 SF of space

EXECUTIVE SUMMARY

Positioned in the heart of Baltimore’s dynamic urban core, 2001 Elgin Avenue offers a rare opportunity to acquire a versatile industrial mixed-use property with both office and warehouse components. Spanning over 37,000 square feet on 1.69 acres, this asset is ideally suited for owner-users, investors, or developers seeking a foothold in a rapidly evolving corridor. The IMU zoning allows for a broad range of uses—from light industrial operations to residential and commercial development—making this a flexible investment in a market with growing demand for adaptive reuse and mixed-use environments.
The warehouse portion comprises approximately 28,000 square feet, while the office space adds another 7,100 square feet, providing ample room for operations, administration, and logistics. The site’s proximity to Coppin State University and Douglass High School enhances its visibility and access to a skilled workforce. Additionally, the property benefits from nearby arterial roads and public transit options, ensuring seamless connectivity throughout Baltimore and beyond.
With a competitive asking price of $2,200,000, this property presents a compelling value proposition for buyers seeking scale, location, and zoning flexibility. Whether for continued industrial use or repositioning into a hybrid commercial concept, 2001 Elgin Avenue is a strategic acquisition in a city known for its innovation and redevelopment momentum.

PROPERTY FACTS

Sale Type
Investment or Owner User
Property Type
Office
Building Size
37,330 SF
Building Class
B
Year Built/Renovated
1981/1998
Price
$1,875,000
Price Per SF
$50.23
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
18,665 SF
Slab To Slab
10’
Building FAR
0.50
Lot Size
1.70 AC
Opportunity Zone
Yes
Zoning
IMU - Industrial Mixed-Use
Parking
188 Spaces (5.04 Spaces per 1,000 SF Leased)

SPACE AVAILABILITY

  • SPACE
  • SIZE
  • SPACE USE
  • CONDITION
  • AVAILABLE
  • 1st Floor
  • 18,665 SF
  • Industrial
  • -
  • 30 Days

Office space for lease

  • 2nd Floor
  • 2,700 SF
  • Office
  • Full Build-Out
  • 30 Days

Office space for lease

Space Size Space Use Condition Available
1st Floor 18,665 SF Industrial - 30 Days
2nd Floor 2,700 SF Office Full Build-Out 30 Days

1st Floor

Size
18,665 SF
Space Use
Industrial
Condition
-
Available
30 Days

2nd Floor

Size
2,700 SF
Space Use
Office
Condition
Full Build-Out
Available
30 Days

1st Floor

Size 18,665 SF
Space Use Industrial
Condition -
Available 30 Days

Office space for lease

2nd Floor

Size 2,700 SF
Space Use Office
Condition Full Build-Out
Available 30 Days

Office space for lease

Walk Score®
Very Walkable (85)
Transit Score®
Excellent Transit (85)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
3269-021
Land Assessment
$110,400
Improvements Assessment
$703,400
Total Assessment
$813,800
  • Listing ID: 28674363

  • Date on Market: 6/6/2023

  • Last Updated:

  • Address: 2001 Elgin Ave, Baltimore, MD 21217

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