5132 Park Heights Ave 9,044 SF 37% Leased Retail Building Baltimore, MD 21215 $600,000 ($66.34/SF)

Capitalize on one of Baltimore's most exciting growth opportunities with this nearly 10,000-square-foot commercial property strategically positioned within the rapidly transforming Pimlico redevelopment district. Zoned C-1 Neighborhood Business, this versatile asset offers exceptional flexibility for investors seeking stable income potential or owner-users looking to establish a long-term presence in a high-growth market.
Currently configured into four separate suites, the property can continue to accommodate multiple tenants, providing the opportunity for diversified rental income, or be reconfigured to suit a single owner-occupant or larger commercial user. The flexible layout also allows for additional demising or combining of suites to meet a wide variety of business needs.
The C-1 zoning supports an extensive range of commercial uses, including retail, grocery or convenience stores, restaurants and carry-out establishments, coffee shops, bakeries, professional offices, medical and dental practices, pharmacies, financial institutions, fitness studios, salons, barber shops, day-care facilities, religious organizations, personal service businesses, art galleries, and numerous other neighborhood-serving commercial uses.
The property features excellent street frontage and visibility, two spacious multi-stall restrooms, and the opportunity to incorporate a shared employee break room or additional common amenities. Its functional layout makes it well suited for both multi-tenant investment and owner-user occupancy.
What truly distinguishes this property is its location just moments from the multi-billion-dollar redevelopment of Pimlico Race Course. Backed by significant investment from the State of Maryland, the area is undergoing a remarkable transformation that includes a modernized year-round racing and entertainment venue, future hotel development, new residential communities, retail expansion, public infrastructure improvements, and extensive neighborhood revitalization. As redevelopment continues, the surrounding area is expected to experience increasing property values, stronger business activity, and sustained demand for commercial space.