BALTIMORE – Gilbert Trout of Trout Daniel & Associates has been retained to sell Fields of Pikesville, a 26,800 sq. ft. mixed-use property at 1401-1407 Reisterstown Road at the intersection with Walker Avenue.
States Trout, “Fields of Pikesville is an unique purchase opportunity for businesses who want to set up their HQ in a prominent County location and benefit from strong rental-income flow from ground-floor tenants Advance Auto and Route Link.”
“A user-owner can set up shop on the entire 9,000 SF second floor, benefiting from signage at the intersection of Reisterstown Rd and Walker Ave in the primary retail block of Pikesville. At the same time, they can have ongoing income from the existing tenants, a designated parking lot, and gain upside by leasing or using the 8,000 SF lower level.”
“The building is classic Pikesville style, with a 1950’s groove. It has 14’ ceilings and tons of light, and elevator and a 35-space lot. Baltimore County is a leader in offering new owners and users owners incentives, such as their new GROW program and Commercial Revitalization tax credits. Plus, if a buyer uses the majority of the building, they would likely qualify for SBA loans.”
About Trout Daniel & Associates
Trout Daniel & Associates is a full-service commercial real estate brokerage serving investors and businesses throughout the mid-Atlantic and beyond. The firm takes a highly-customizable approach to providing a full range of commercial real estate services, including brokerage, development, consulting and management to the retail, office, industrial, multi-family and investment market segments.