Fairfield Industrial Property Sells for $1.6 Million, Leased to Automobile Business

A 5.5 acre piece of land at 1940 Chesapeake Ave. in the Fairfield Maritime District recently sold for $1.6 million. The property was a former manufacturing plant that closed more than 10 years ago.

Commercial real estate broker Jim Chivers, a vice president with Gold and Company, introduced Sam Tenenbaum and Tyler Banks to the property. These two local developers were looking to give the property a second life with the booming automobile import and export business growing at the Port of Baltimore.

Tenenbaum and Banks decided to demolish an existing 45,000 sq. ft. building and signed AMPORTS, a national credit company that has a large presence in Baltimore, for new vehicle processing. AMPORTS already has a large car processing facility adjacent to 1940 Chesapeake Ave.

Images courtesy of Google Maps 

Former building on the property

About the Author: Kevin Lynch

Founder and Publisher of SouthBmore.com, longtime resident of South Baltimore, and a graduate of Towson University. Diehard Ravens and O's fan, father of three, amateur pizza chef, skateboarder, and "bar food" foodie. Email me at Kevin@InceptMM.com and follow me on Twitter at @SoBoKevin.