415 PENNINGTON AVENUE

HAVRE DE GRACE, MD 21078

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.

Listing courtesy of Streett Hopkins Real Estate, LLC



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