5447 Park Heights Ave
Mixed Use | 12,354 SqFt
Marketing description
5447-59 Park Heights Ave is located in a designated Opportunity Zone
Through the program, you can sell your appreciated assets, defer capital gains tax, and invest the proceeds in designated communities.
Location Overview
Get in on the ground floor. Pimlico is experiencing a renaissance.
The property is well situated to thrive in the Pimlico neighborhood with the new $100 million that will be invested into the community to build and rehabilitate over 200 single family homes
The Pimlico race track has been approved for an investment of $400 million.
The new Baltimore facility "will be a year-round hub of economic activity in the Park Heights area, and it's going to feature not just the world-class racetrack, but also a hotel, event space and other amenities."
Investment highlights
NHP has been selected to invest $100 Million in single and multi-family developments in the Pimlico neighborhood.
$400 million in state bonds to modernize Pimlico race track with plans for a new clubhouse and guest amenities and hotel by 2027
Together that is 1/2 Billion Dollars of investment excluding private capital that will
Location Highlights
Just three short blocks to the Pimlico race track
Two blocks from Northern Parkway, a cross town highway
5 min drive to Rte 83 and 10 min to 695
1 miles to world class Sinai Hospital
Board the Metro to and from Downtown Baltimore in minutes
Connect on the light rail to Penn station, BWI and Washington D.C.
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