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1001 Pine Heights Ave Baltimore, MD 21229

Prime Medical Office, High Occupancy

Property Records

Overview

Added:
Dec 11, 2024
Days on market:
139
This exceptional three-story, 31,098 square foot Class B medical office building in Baltimore, MD, presents a compelling investment opportunity. Situated on a 29,977 square foot lot, this multi-tenant property boasts 94.5% occupancy across 11 tenants in 10 units. The building, constructed in 1979 and extensively renovated in 2022, features a recently modernized elevator, a new entrance, and a new cooling tower. The Firestone roof is under warranty. Recent upgrades include improvements to nearly all tenant suites and common areas. The property offers 113 parking spaces and is conveniently located near I-95 and I-695, providing excellent accessibility. The building is zoned OR-1 and has a net rentable area of 27,764 square feet. This Core+ investment presents a chance to increase revenue through enhanced management strategies, as several leases are up for renewal. The property's location on a hospital campus adds significant value and desirability. This is a rare opportunity to acquire a well-maintained, high-occupancy medical office building with significant upside potential.

Highlights

  • Rarely available medical office building (MOB) adjacent to a major hospital campus.
  • Firestone roof under warranty.
  • Significant revenue growth potential through improved management.
  • Recently modernized elevator.
  • New building entrance.
  • New cooling tower.

Property Details for 1001 Pine Heights Ave

Property type
Office properties, Medical offices
Square Feet
31,098 SF
Class
B
Year Built/Renovated
1979/2022
Buildings
1
Stories
3
Units
10

Location Insight

City
Baltimore
County
Baltimore
State
Maryland
Latitude
39.270588
Longitude
-76.6758317

FAQs

What type of property is this?
Office property - Prime Medical Office, High Occupancy
Where is the office property located?
The property is located at 1001 Pine Heights Ave Baltimore, MD.
What are key features of this property?
This property features: Rarely available medical office building (MOB) adjacent to a major hospital campus.; Firestone roof under warranty.; Significant revenue growth potential through improved management.
How can I contact the broker?
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1001 Pine Heights Ave
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