Log In/Sign Up
Your email has been sent.
415 Pennington Ave 10,830 SF 50% Leased Office Building Havre De Grace, MD 21078 $1,500,000 ($138.50/SF)
Investment Highlights
- Prime Commercial Building in downtown Havre de Grace
- Access second floor office space via elevator
- Tenant in place for instant income
Executive Summary
Don't miss out to own a prime multi tenant Class A water view office space in downtown historic Havre de Grace. High end renovations for this two level office building that also has an upgraded lower level for storage. This property is not merely office space but it is a turnkey, professional, high-spec 'Innovation Hub' especially designed for the many professional uses for your growing business. While the first floor offers the stability strong income of a long term medical anchor (Dental), the building has been engineered to support the most demanding modern uses. The vacant approximately 3,610 SF second floor is ideal for a tech-headquarters, design firm or any professional office use that is supported by a dedicated 200Amp service and cooling specifically for on-premise cloud or edge computing In addition, for the 'Value-Add' investor there is also a 3,605 sqft maker space in the basement that features a fully epoxy floor and backed by 3-Phase electrical service. This space is custom-built for an industrial 3D Print Farm or Additive Manufacturing center. In an era where local prototyping and small-batch production are surging, this infrastructure allows an owner to capture 'Flex-Industrial' rents that far exceed standard basement storage rates. With a remarkably low tax basis, this asset is a high-margin multi tenant property capable of producing a stabilized Cap Rate for the investor who recognizes the value of turnkey tech-infrastructure. This property is in the central downtown core of waterfront historic Havre de Grace that is walking distance to restaurants, waterfront parks, library, and many more community amenities.
Property Facts
Sale Type
Investment or Owner User
Property Type
Building Size
10,830 SF
Building Class
A
Year Built/Renovated
1967/2020
Price
$1,500,000
Price Per SF
$138.50
Percent Leased
50%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
3,610 SF
Slab To Slab
10’
Building FAR
1.66
Lot Size
0.15 AC
Opportunity Zone
Yes
Zoning
RB - Commercial - first floor dental office (long term lease), upstairs office / tech space, basement manufacturing / makers space.
Parking
10 Spaces (0.92 Spaces per 1,000 SF Leased)
Amenities
- 24 Hour Access
- Reception
- Air Conditioning
- Fiber Optic Internet
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- River Dental
- Health Care and Social Assistance
- 1 SF
- -
- Modified Gross
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| River Dental | Health Care and Social Assistance | 1 SF | - | Modified Gross | - |
1 1
Moderately walkable
70/100
Exceptionally drivable
90/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 06-027229 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $749,867 |
Property Taxes
Parcel Number
06-027229
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$749,867
1 of 65
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Contact the Sale Advisor
415 Pennington Ave