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5136-5140 Park Heights Ave 6,919 SF Vacant Retail Building Baltimore, MD 21215 $225,000 ($32.52/SF)
EXECUTIVE SUMMARY
Incredible Opportunity in Park Heights – 4,816 SF Mixed-Use Building Zoned C-1
This expansive 4,816 square foot, two-story building offers exceptional versatility and untapped potential. Created by combining 5136 and 5138 Park Heights Avenue, the structure boasts a generous 35’ frontage and extends 80’ deep. Zoned C-1, this property allows for a wide variety of permitted uses including, but not limited to:
Child or adult day care; Home occupation or residential care facility; Place of worship; Animal clinic; Art gallery or studio; Financial institution; Health and fitness center;
General office space; Personal service establishment; Retail or restaurant
Whether you’re looking to operate your business on the first floor and live upstairs, lease out the second floor, or rent both levels for income, the flexible layout supports a range of investment or owner-user strategies.
And the timing couldn’t be better—Park Heights is on the rise. The State of Maryland now owns the Pimlico Race Track and is transforming it into a year-round destination for festivals, concerts, and events. This large-scale redevelopment is expected to spark dramatic growth and revitalization in the surrounding area. Seize this opportunity to invest ahead of the curve—before prices take off.
This expansive 4,816 square foot, two-story building offers exceptional versatility and untapped potential. Created by combining 5136 and 5138 Park Heights Avenue, the structure boasts a generous 35’ frontage and extends 80’ deep. Zoned C-1, this property allows for a wide variety of permitted uses including, but not limited to:
Child or adult day care; Home occupation or residential care facility; Place of worship; Animal clinic; Art gallery or studio; Financial institution; Health and fitness center;
General office space; Personal service establishment; Retail or restaurant
Whether you’re looking to operate your business on the first floor and live upstairs, lease out the second floor, or rent both levels for income, the flexible layout supports a range of investment or owner-user strategies.
And the timing couldn’t be better—Park Heights is on the rise. The State of Maryland now owns the Pimlico Race Track and is transforming it into a year-round destination for festivals, concerts, and events. This large-scale redevelopment is expected to spark dramatic growth and revitalization in the surrounding area. Seize this opportunity to invest ahead of the curve—before prices take off.
PROPERTY FACTS
Sale Type
Investment or Owner User
Sale Conditions
Property Type
Retail
Property Subtype
Building Size
6,919 SF
Building Class
C
Year Built
1924
Price
$225,000
Price Per SF
$32.52
Percent Leased
Vacant
Tenancy
Multiple
Building Height
2 Stories
Slab To Slab
10’
Building FAR
1.13
Lot Size
0.14 AC
Zoning
B-2-2 - community commercial district that allows a variety of commercial uses, including retail, to serve multiple neighborhoods.
Parking
5 Spaces (0.82 Spaces per 1,000 SF Leased)
Frontage
61’ on Park Heights Ave
AMENITIES
- Signage
Walk Score®
Very Walkable (86)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 4582-012 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $121,533 |
PROPERTY TAXES
Parcel Number
4582-012
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$121,533
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5136-5140 Park Heights Ave
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