Klein Enterprises Sells Midtown Marketplace Retail Center In Baltimore For $5.8M

The asset involved in this transaction is a retail shopping center known as Midtown Marketplace, located at 2008 Maryland Avenue in Baltimore, MD. The sale was completed for $5,800,000 and the property spans 39,000 square feet, equating to a price per square foot of $149. The shopping center is fully occupied and anchored by notable tenants such as Save-A-Lot, Advance Auto, and Dunkin Donuts. It serves a growing area near the redevelopment of Baltimore Penn Station.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $5,800,000
• Sale Date: 02/13/2025
• Address: 2008 Maryland Avenue
• Market: Baltimore, MD
• Square Footage: 39,000
• Price Per Square Foot: $149
• Seller: Klein Enterprises
• Broker: Gil Neuman - Neuman Commercial Group

Neuman Commercial Group facilitated this transaction, representing Klein Enterprises in the sale of the property. This deal is a significant addition to the market activity in Baltimore and showcases the interest in retail spaces within the area, particularly those benefiting from surrounding redevelopment efforts.