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Welcome to an exceptional investment opportunity in a prime location! This mixed-use commercial building offers the perfect blend of convenience and potential. Situated in a high-traffic area, this property boasts a versatile commercial storefront with endless possibilities. Formerly utilized as a liquor store, envision transforming this space into a thriving convenience store, package goods outlet, or any retail venture of your choice. With some cosmetic updates, this space can easily be tailored to suit your entrepreneurial vision. Above the commercial storefront, discover two spacious apartments awaiting rejuvenation. Perfect for potential tenants or personal use, these units present an excellent opportunity for additional income streams or comfortable living accommodations. This property is being sold as-is, providing the perfect canvas for investors and entrepreneurs alike to unleash their creativity and maximize returns. With its unbeatable location and limitless potential, don't miss out on this rare opportunity to make your mark in a bustling community. The buyer is responsible for confirming zoning and usage for this building.
Move in ready for a home-based business. Newly constructed property boast 3 finished levels, 3 bedrooms, 3.5 bathrooms, a huge 4th level rooftop deck area with rooftop view. Licensed as a 4-resident assisted living facility with OHCQ Certification. New everything. laundry room, hot water heater, furnace, studio, and full bathroom in the finished basement. Don't miss this opportunity. More pics are coming soon.
Welcome to 2400 Pennsylvania Ave., a gem nestled in the dynamic Penn North Neighborhood of Baltimore, Maryland 21217. Boasting 13,000 sq.ft. of space, this mixed-use building stands as a beacon of potential, offering a canvas for visionary developers to leave their mark on the city skyline. Key Features: Location: Situated in the vibrant Penn North Neighborhood, this property enjoys proximity to major amenities, transportation hubs, and attractions, ensuring convenience and accessibility for residents and businesses alike. Versatile Layout: With its mixed-use configuration, this building presents a myriad of possibilities. The ground floor offers expansive commercial space, ideal for retail outlets, offices, or eateries, while multiple floors above provide ample room for residential units. Grant Opportunities: Take advantage of the property's strategic location within enterprise and opportunity zones. These designations unlock access to a plethora of government grants, tax incentives, and financial subsidies, providing a substantial boost to your development project's feasibility and profitability. Development Potential: Whether you envision revitalizing the commercial space, creating affordable housing options, or implementing innovative design concepts, the possibilities are endless. Leverage grant money to enhance your project's scope and impact while maximizing your return on investment. Why Invest: Financial Incentives: With the opportunity to leverage grant money from enterprise and opportunity zones, this property offers a rare chance to minimize financial risk and maximize returns. Community Impact: By investing in this development opportunity, you'll not only generate profits but also contribute to the revitalization and growth of the Penn North Neighborhood, fostering economic prosperity and community well-being. Future Growth Potential: Positioned in a strategic location within Baltimore, this property is poised to benefit from ongoing urban development initiatives and increasing demand for mixed-use spaces in thriving urban centers. Don't miss out on this exceptional opportunity to make your mark on Baltimore's landscape while capitalizing on the potential for financial incentives. Schedule a viewing today and unlock the possibilities that await at 2400 Pennsylvania Ave.!
Join the Resurgence of 25th Street, Dubbed âThe Black Wall Street of Baltimoreâ by the Baltimore Sun. Deceptively Large Rowhome in Charles Village: Provides 3,135 Square Feet Gross Living Area Plus Usable Basement Space. Upside Potential to Improve Residential Kitchens and Baths to Achieve Higher Rental Rates. Zoned C-1, The Property Provides Versatility, Allowing Owners to Change Uses from Residential to Commercial as They Desire. The apartments on the second and third floors are plus-sized 1-bedrooms. This interior rowhome boasts large windows on both the north and south walls, with a southern-facing bay window providing bonus natural light. Generous room sizes are accentuated by hardwood floors throughout most of the living spaces. Kitchens have either an 30â³ electric or gas range, wood cabinets, laminate counters and laminate flooring. The 2nd floor apartment has a porcelain sink top; the 3rd floor has a stainless sink. Bathrooms have modern vanities, cast iron tubs with ceramic tile tub-surrounds. Upgrading kitchens and bathrooms would significantly improve monthly rents. The commercial suites are built-out and upgraded by the Tenants to meet the needs of the Tenantsâ use. The first floor provides medical training and has been home to Phylis Angels Training Center since 2017, with classrooms and training stations. Wall-to-wall carpeting throughout, with a modern half bath and private office in the rear. The terrace retail suite has seen major improvements in the last few years, with new drywall walls and ceilings, recessed lighting, LVP flooring and improved half-bath. The very rear of the terrace is home to the utilities and provides the tenant with additional storage space. Inside this Charles Village Mixed-Use, the apartments are heated by a central Repco 275,00 BTU hot water radiator heating system; radiant heating serves the terrace store. The landlord does pay for the gas heat; a savvy owner could pass this through to tenants, improving cash flow. The 1st floor commercial tenant has their own heat pump with central air. A central 40-gallon gas-fired water heater supplies hot water to all units. Each unit has its own electric meter and pays their own electric. Two gas meters serve the property, one public service and the other presumed for Apartment 2. BGE is not actively billing the owner for natural gas usage. All interior water supply pipes are copper or C-PVC, with a copper water main. All observable interior water drain lines are copper or steel. The landlord currently pays for water. The Charles Village 25th Street corridor has been dubbed the âBlack Wall Street of Baltimoreâ by the Baltimore Sun. Its numerous clothing retailers, art shops, and beauty stores has made it a fashion destination in Baltimore City. Commercial tenants enjoy the high visibility and walking traffic this location brings. Residential tenants enjoy the close proximity to various restaurants, art venues, and stores. Johns Hopkins, the cityâs #1 employer, has its Homewood Campus just five blocks north. The central location in Baltimore gives residents a quick commute to downtown Baltimore or a short drive to I-83 for a drive to Baltimore County. The Maryland Avenue CycleTrack is one block away for bike commuters. 28 East 25th Street is designated a âWalkerâs Paradiseâ with a Walk Score of 95; a Transit Score of 80; and a Bike Score of 85.
POST AUCTION/BUY NOW: 2 Story (Rehab Ready!) Storefront located in the Druid Heights area .PRIME LOCATION- BLOCKS to Druid Hill Park & its many attractions- including The Maryland Zoo, Rawlings Conservatory, Druid Lake, Mondawmin Mall as well as Coppin State University & Liberty Medical Center. Easy Access to Major Traffic Artery, MD Route I (W North Ave) Vacant property in need of major repairs & renovations. $10,000 deposit.
Exceptional Commercial Office Building in Charles Village, Baltimore - Perfect for Multi-Tenant Use Nestled in the vibrant neighborhood of Charles Village in Baltimore, this commercial office building offers a unique opportunity for savvy investors and business owners alike. Boasting two separate entrances, this property is tailor-made for accommodating multiple tenants while maintaining privacy and convenience. Here's what makes this offering truly remarkable: Key Features: 1. Dual Entrances: Strategically designed with two distinct entry points, this building provides the ideal setup for multiple tenants. Each entrance offers its own identity and access, allowing businesses to operate independently within the same premises. 2. Versatile Layout: Spanning 2,640 square feet, the interior layout of this building is highly adaptable to a variety of business needs. From the reception area to private offices and conference rooms, the space can be configured to suit the requirements of diverse tenants. 3. Prime Location: Situated in the heart of Charles Village, this property enjoys unparalleled visibility and accessibility. Surrounded by a vibrant community and close to major thoroughfares, public transportation, and amenities, it offers convenience and connectivity for both tenants and clients. 4. Modern Amenities: Equipped with modern amenities including high-speed internet connectivity and on-street parking spaces, this building ensures a comfortable and productive working environment for all occupants. 5. Investment Potential: With the growing demand for commercial space in Charles Village, this property presents an excellent investment opportunity. Generate steady rental income and capitalize on the thriving local market while enjoying long-term appreciation potential. 6. Professional Management: Benefit from professional property management services, ensuring seamless operations and tenant satisfaction. Our dedicated team is committed to maintaining the value and integrity of your investment. Ideal for: - Small to Medium-Sized Businesses - Startups and Entrepreneurial Ventures - Creative Agencies - Legal and Professional Services - Healthcare Practices - Non-Profit Organizations - And More! Don't miss out on the chance to own a versatile commercial property in the dynamic neighborhood of Charles Village. Whether you're an investor seeking attractive returns or a business owner looking for a strategic location, this building offers endless possibilities. Schedule a viewing today to experience the potential of this exceptional opportunity. Contact us now for more information!
*** BUSINESS ONLY - REAL ESTATE NOT INCLUDED IN $450K *** Welcome to 2607 Rolling Road, the premier destination for mask manufacturing in Maryland and one of the few in the entire United States. This exceptional property offers a turnkey opportunity, presenting a thriving mask manufacturing business complete with all inventory and equipment included. Nestled within a strategically located facility, this property boasts essential amenities for seamless operations. Featuring a couple of bathrooms, a dedicated breakroom for employees, and well-appointed office spaces, this establishment prioritizes both productivity and comfort. With the added convenience of two loading docks, logistics are streamlined for efficient distribution. This rare opportunity allows prospective buyers to seamlessly transition into ownership. Simply sign the paperwork today, and you could be ready to commence business operations tomorrow. Moreover, existing material suppliers are committed to continuing supply arrangements, ensuring uninterrupted production. Don't miss out on this chance to own the only mask manufacturing business in Maryland, offering a lucrative venture with immense potential. Schedule a viewing today and embark on a journey towards entrepreneurial success.
Don miss this ! Live where you work! Great multi-level office space to run your business out of with the added bonus of a residential uint to help pay the mortgage or to let you live where you work. Previously used as a successful law office. Long term tenant with a great rental history and is on a month to month lease.
Fabulous investment opportunity!! 7 unit apartment building in Remington/Station North area of Baltimore. 6 Residential units and 1 commercial unit on bottom level, could potentially be turned into 2 additional efficiency units.. All units are currently occupied! The entire building has been meticulously maintained, and all units have had upgrades added. Just under 100k gross income per year. Several historical aspects include: George Brown, 20th Mayor of Baltimore was a previous owner. Also, it has been proven Abraham Lincoln resided at the property during his travels into the Confederate Territories in an attempt to evade the Cponfederate Army.
ð¢ Prime Commercial Opportunity in Station North & Charles Village, Baltimore City ð¢ Welcome to a rare and exciting investment opportunity in the heart of Baltimore City's vibrant Station North and Charles Village neighborhoods. This free-standing property, spanning across two spacious lots, offers an unparalleled chance to establish your business in one of the city's most dynamic and rapidly growing areas. Key Features: ⨠Ideal Location: Situated strategically in the nexus of Station North and Charles Village, this property benefits from high foot traffic, excellent visibility, and easy accessibility. The surrounding community is known for its thriving arts scene, diverse culinary offerings, and a mix of eclectic shops. ðï¸ Urban Connectivity: Enjoy the perks of being part of an urban hub with proximity to major transportation arteries, public transit, and a diverse demographic mix. The property's central location ensures your business becomes a focal point for both locals and visitors alike. ðï¸ Versatile Structure: The free-standing nature of the property allows for flexible use, catering to a wide range of commercial ventures. Whether you envision a trendy cafe, an art gallery, retail space, or professional offices, the layout and design possibilities are limited only by your imagination. ð Investment Potential: With the ongoing revitalization of Station North and Charles Village, this property represents a strategic investment opportunity. Take advantage of the area's growth potential and position your business for long-term success. ð Community Appeal: Become an integral part of the community by contributing to the cultural and economic landscape of Station North and Charles Village. Join the ranks of businesses that have found success in this dynamic and welcoming neighborhood. ð Ready for Your Vision: The property is a blank canvas awaiting your creative touch. Whether you're a seasoned entrepreneur or a budding business owner, this is your chance to make a mark in Baltimore City's thriving commercial landscape. Don't miss out on this exceptional chance to be part of the renaissance happening in Station North and Charles Village. Schedule a viewing today and envision the endless possibilities that await your business in this prime location. *** THIS IS A COMMERCIAL LISTING, THE BUYER IS RESPONSIBLE FOR VERIFIINY PROPER ZONING*** *** SELLER WILL NO SHOW ON SUNDAYS, LISTING AGENT WILL BE PROVIDE ACCESS**
SALE INCLUDES 1st Floor Lease + EXCESS LAND (.44 AC). NOI REFLECTS 6.6% CAP RATE ON EXISTING INCOME. The property includes tenant; Dimples Restaurant Bar and Lounge. The .42 Acre paved parking lot adjacent to the property is zoned (BL) and currently has a food stand that is also leased. Excellent location on Liberty Rd which has a traffic count of over 50,000+ cars per day. Liquor License included with the sale. Property being Sold "AS IS".
REAL ESTATE AUCTION featuring ON SITE and SIMULCAST ONLINE BIDDING!! Online Bidding Opens - Tuesday, June 11, 2024. Live On Site Auction - Wednesday, June 12, 2024 at 11:00 AM. List price is opening bid only. Three story brick storefront building, comprising 4,176 square feet of gross building area above-grade and 1,224 square feet below-grade, according to public tax records. The building has two front entrances, shingle and built-up roofs, wood double-hung windows and brick basement foundation. First floor formerly contained a barber shop with apartments on the upper floors. The building needs renovation. Also being auctioned - 1813-1817 N. Charles St.
REAL ESTATE AUCTION featuring ON SITE and SIMULCAST ONLINE BIDDING!! Online Bidding Opens - Tuesday, June 11, 2024. Live On Site Auction - Wednesday, June 12, 2024 at 11:00 AM. List price is opening bid only. $100,000 deposit required to bid. Interconnected three and four story brick and stucco buildings, with built-up roofs, commercial entrances and partial basements. According to public tax records, the buildings comprise 17,232 square feet of gross building area above-grade and 4,800 square feet below-grade. The entertainment facility features multiple entrances, coat room, large open area live venue, several additional bars, five DJ booths, dance floors, VIP lounges, multiple rest rooms, offices, ownerâs apartment and storage rooms. The property has gas forced air heat and central air conditioning, security system, video monitoring, bar fixtures and equipment. Sale includes 1815-1817 N. Charles St., Liquor License and Furniture, Fixtures and Equipment.
Do not miss this excellent investment opportunity along the well-travelled Reisterstown Road in Owings Mills, Maryland 21117. This property is in a well-established neighborhood and its bordered or surrounded by a new residential development and an office building, and within the neighborhood are luxury apartments, shopping malls and car dealerships. This commercial property (office building & land) Zoned OR-2, is an office space of multiple rooms on 3 levels with bathrooms on each level and kitchen on the first floor with multiple entrances. This property sitting on over an ACRE or estimated 43560sf land needs a COMPLETE REHAB! Or can be turndown and rebuilt into investorâs dream of a commercial property or commercial apartment buildings. The land by itself is an investorâs dream. BRING ALL OFFERS!
REAL ESTATE AUCTION featuring ON SITE and SIMULCAST ONLINE BIDDING!! Online Bidding Opens - Tuesday, June 11, 2024. Live On Site Auction - Wednesday, June 12, 2024 at 11:00 AM. List price is opening bid only. $100,000 deposit required to bid. Interconnected three and four story brick and stucco buildings, with built-up roofs, commercial entrances and partial basements. According to public tax records, the buildings comprise 17,232 square feet of gross building area above-grade and 4,800 square feet below-grade. The entertainment facility features multiple entrances, coat room, large open area live venue, several additional bars, five DJ booths, dance floors, VIP lounges, multiple rest rooms, offices, ownerâs apartment and storage rooms. The property has gas forced air heat and central air conditioning, security system, video monitoring, bar fixtures and equipment. Sale includes 1815-1817 N. Charles St., Liquor License and Furniture, Fixtures and Equipment.
This 2,851sf building is well located in the heart of the Penn Ave commercial corridor in the Upton neighborhood next to Avenue Market and Dollar General. The current tenant is a Metro by T-mobile franchisee. Pennsylvania Ave is the main artery traveling in and out of the city. The property is located just 2 miles from the Inner Harbor. This stretch of Penn Ave has a daily traffic count of approx 10,000 cars and is served by the Upton subway station.
In the heart of Hamilton-Lauraville, a remarkable property awaitsâan exceptional restaurant business opportunity directly across from âThe Flats At Markley,â a coming soon vibrant 146-unit Morgan State Apartment Development. This fully renovated building, revamped in 2009, accommodates up to 190 guests and underwent a complete remodel 15 years ago, including framing, insulation, wall work, electrical, plumbing, HVAC, and new flooring (commercial vinyl floor in restaurant and ceramic in kitchen and baths). Boasting two bars, four bathrooms, a resurfaced roof, and a double-deck outdoor patio, this property sets the stage for success. Previously home to the thriving âLauraville Barbecue Houseâ for 11 years, generating $40,000 monthly on a 4pm to 2am schedule, the restaurant hosted weddings, birthdays, and private events. Featuring a unique BBQ-style menu with ribs, brisket, pulled pork, and more, it stood unrivaled in the area. The fully equipped kitchen, appliances, and furnishings are available for purchase. The restaurant spans two floors: the main floor, with a capacity of 100, boasts high ceilings, exposed rafters, a full bar, multiple seating areas, enclosed outdoor patio, and ample basement storage. Upstairs, with a capacity of 90, offers a second bar, spacious seating, indoor-outdoor patio, and additional kitchen spaces. Outside, find nine parking spaces, storage sheds, and a private entertaining area. This turn-key gem seeks a new owner-operator. Financing options, including SBA loans, are available, supported by an experienced SBA loan consultant ready to guide you through the process. Hamilton-Lauraville's thriving community, coupled with its growth, accessibility, and unique identity, offers an exceptional setting for a restaurant business poised to thrive amidst a supportive and collaborative local environment. Donât miss out! Contact us today to learn more and schedule a tour!
Highlights: > Pick Up Where Seller Left Off at Discounted Price: Gut-to-Stud Renovation 75% From Completion > Less Than 1 Mile to Reservoir Square, A $1,000,000 Mixed-Used Community in Development > High-End Finishes Attract Quality Tenants > Stellar âWalkScores:â Deemed a Walkerâs Paradise with Excellent Transportation. Apartment interiors boast high-end finishes that tenants desire, mostly completed with new stainless-steel appliances in the kitchens, which include 30â³ electric ranges, over-the-range microwaves, modern stainless sinks with faucets, and garbage disposals. The bathrooms feature sleek modern vanities and either vinyl shower stalls or tubs, all with designer ceramic tile surround. Durable vinyl plank flooring throughout the apartments not only ensures longevity for landlords but also offers tenants easy-to-clean surfaces. Each apartment includes a stacked washer and dryer for convenience. While common area hallways and ceilings retain their plaster, apartment interiors now feature new drywall with recessed lighting. This Madison Park 6-Unit stands as an all-electric building with separate metering, allowing tenants to control their environments and pay utility bills directly to providers. Each unit receives 150 amps of power and is equipped with in-unit wall-mounted electric heat pumps and central air conditioning. High-performance electric Rheem 6-gallon or Steibel 4-gallon water heaters serve each unit, with suitable plastic water supply lines and PVC drain lines. Vinyl replacement windows have been installed in the rear, while original wood frame windows remain in the front. Interior water supply lines are plastic; interior drain lines are PVC. Windows in the rear have been upgraded to vinyl replacement, while original wood frame windows remain on the front. Madison Park 6-Unit Punch List: Zoning has approved the permit for 6 dwelling units. Framing and insulation permit complete and approved. Plumbing, mechanical and gas permits need to be re-filed, completed and finalized. Electric and building permits are valid through August 2024 and need to be finalized. The main water supply line has been upgraded to serve the required fire suppression system. The sprinkler system is near completion. Quotes have been obtained for the remaining work, including an estimate to complete the suppression system by Faithful Fire Protection and a quote from Electronic Security Solutions to complete the fire alarm monitoring system. Paving the rear pad would allow for 2 off-street parking spaces, boosting monthly cash flow. Exciting developments are underway nearby, including the redevelopment of an 8-acre plot between Reservoir Hill and Bolton Hill, less than 1 mile from 1520 Madison Avenue. Named Reservoir Square, this new gateway to West Baltimore will feature townhomes, apartments, office space, a national grocer, street-level retail, open space, and green space with a park. Just a mile east lies the vibrant culture of Mount Vernon, home to concert venues like the Joseph Meyerhoff Symphony Hall and The Lyric. Tenants will also appreciate the proximity to the YMCA in Druid Hill, offering an indoor pool, state-of-the-art gym, and cycle studio. According to âWalkscore.com,â this Madison Park 6-Unit boasts a Walk Score of 91 and a Transit Score of 87 (excellent!).
Rare C-1 commercial property in a central location! Zoning permits commercial spaces along with an allowance for 5 additional residential dwelling units. The current building comprises approximately 6,000 gross square feet. Expanding the square footage is convenient, as the main floor extends 100 feet to the alley, and the owner has the option to increase the height up to 60 feet. The property necessitates a complete gut renovation, but upon its completion, it has the potential to generate a monthly income ranging from $6,000 to $8,000+. A main floor commercial tenant would enjoy the advantages of a high-traffic location situated at the corner of Greenmount and North Avenue, which serves as the intersection of the Barclay, East Baltimore Midway, and Greenmount West neighborhoods. The property is conveniently located along major bus routes, merely half a mile away from the Baltimore Arts and Entertainment District, and a quick 5-minute drive to Penn Station. It's worth exploring the surrounding neighborhoods, especially considering the ongoing community redevelopment initiatives in the area. This is an opportunity you don't want to miss out on. Contact us today to discover more!
Seize this splendid chance, don't delay, Own Wing Wah- the Chinese Carry Out restaurant today, Just $50K, a small price to pay, Full equipment, sold as-is, ready for display. Rent just $2,100/month, keep the fires ablaze, Second floor has two bedrooms, remodeled, they'll amaze, A kitchen and bath, where comfort lays, Live or lease, tailor as you may. Nestled between parks, a scenic view, Across from a golf course, as if on cue, Near Baltimore City College, prestigious and true, A mix of convenience and leisure, just for you. Opportunities like this are rare, indeed, A call to the agent is all you need, Monday through Saturday, take the lead, 2pm - 6pm only Secure a future where you can succeed.
Two properties totaling 22,000+ sq. ft. of land and 2200+ sq. ft. of living space. The total lot space is 1/2 acre. Truly unique opportunity, 8619 is currently a successful Air B&B. 8615 needs some updates. The owner missed the deadline to get the zoning change from Residential to Commercial. The buyer will need to reapply for the zoning change Aug of 2027. Was listed as commercial for $1,300,000. It is located near major shopping center in a highly visible location. Properties are being sold as is.
List price to be opening bid. Online auction to be conducted on Auctioneers website. Bidding begins Thursday, May 9th & ends Tuesday, May 14th, 2024 at 1:00 pm. Introducing the exclusive Preston Street Lofts, an exceptional investment opportunity nestled in the vibrant heart of Baltimore. This premier apartment complex with ground floor retail boasts stainless steel appliancesâincluding refrigerators, ranges, microwaves, and dishwashersâcomplemented by stunning granite countertops, soft-close cabinetry, and new hardwood flooring. The design elegance extends to double vanity bathrooms and expansive 9-foot ceilings across a variety of uniquely crafted floorplans, with the 2-bedroom units featuring the luxury of dual entryways. Each unit has their own washer/dryer. Heating and cooling are provided by mini split systems. Each unit is separately metered for gas and electric. Each unit has access control which includes a key fob and keypad/intercom for visitors at the front entrance. The property is Lead Free. Strategically located within short walking distance to key Baltimore landmarks such as The University of Baltimore and the Maryland Institute College of Art. A CityLink bus stop directly in front of the building provides swift bus transportation to the renowned Inner Harbor, Inner Harbor East, Federal Hill, Canton and countless other neighborhoods. Penn Station, only two blocks away, offers convenient access to those who commute to Washington DC, Philadelphia or New York City. Preston Street Lofts offers unparalleled access to Baltimore City's rich cultural tapestry and beyond. Just blocks from your investment, a world of entertainment unfolds. From quaint dining experiences and local art galleries to the thriving performing arts scene, Preston Street Lofts promises not just a property, but a lifestyle investment. The property is even conveniently located across the street from a Starbucks. Don't miss out on the chance to make a landmark investment in one of Baltimore's most promising locales. **Current Gross Monthly Scheduled Rent of $17,418** **Current Annual Gross Scheduled Rent of $209,016** ***Potential for new ownership to increase rents to current market conditions*******Potential for monthly rent income of $18,962*******Potential for annual rent income of $227,546****The property has approximately 5 years left of CHAP credit on the real estate taxes. See CHAP letter in the document section. Luxury 13 unit building with 12 apartment units and 1 ground floor retail unit. Rent Roll: Unit 1: Studio apartment currently rented for $1,000/month Unit 2: Studio apartment currently rented for $1,050/month - move in 3/29/24 Unit 3: Studio apartment currently rented for $1,100/month Unit 4: Studio apartment currently rented for $1,250/month Unit 5: 2 Bedroom apartment currently rented for $1,599/month - move in 3/31/24 Unit 6: Studio apartment currently rented for $1,050/month Unit 7: Studio apartment currently rented for $1,050/month Unit 8: 2 bedroom apartment currently rented for $1,550/month Unit 9: Studio apartment currently rented for $1,135/month Unit 10: Studio apartment currently rented for $1,149/month Unit 11: Studio apartment currently rented for $885/month Unit 12: Studio apartment currently rented for $900/month Unit 13: Ground floor commercial unit currently leased for $3,700/month Note about commercial tenant: While the tenant has a robust restaurant business, it is important to note that they have a flourishing food truck business that needed more kitchen space. The need for more space for the food truck business was the catalyst for the leasing of this unit. This ensures the tenant has a well rounded revenue stream that is more resilient than a stand alone restaurant operator only.
Storefront with fully functional kitchen on main level. 2 bedroom 1 bath apartment on upper level. Plenty of storage in the full basement basement. All kitchen appliances convey and including signage (estimated value $36k).
Rarely available square footage in Baltimore's Station North Art's and Entertainment District. This approx 48,000 sf building has exceptionally versatile mixed use IMU-1 zoning and is located in the 2003 Greenmount West Planned Urban Development (PUD). Allowable uses are extensive and range from multi-family, industrial, office, and retail to specialty uses like medical, laboratory, institutional, education, and urban agriculture to name a few. The building consists of 4 stories. The building is served by a center stairwell and freight elevator serving each unit. 2 Additional shafts exist for the potential of lifts. Each floor consists of two 5,000 SF +/- units for a total of 8 units. Additional unit(s) could possibly be added to the lower level. The last use of the building was 6 Multi-Family Live-Work Artist Lofts and collaborative space, 1 large common collaboration unit on the first floor, and 1 first floor unit serving as a parking garage. The property also has a gated storage yard, 2 drive in bays, and 1 loading dock. The building has solid constriction consisting of steel, concrete, brick, and block. window openings, while currently covered by pebble board, are expansive offering a flood of natural light into the building on all sides, and are large enough for the hoisting of furniture and goods. This offering is a short walk from Penn Station, bringing approx 3M commuters per year through the neighborhood and a migration of DC Metro Area workers taking advantage of capital beltway wages and affordable Baltimore living through MARC Train commuting. This creates opportunity to answer the current housing shortage in a value-add property in a neighborhood on the up-swing that is heavy on tax, employment, and financial incentives. Anywhere from 30-50 residential units or more could be possible depending on the unit mix and bedroom count. For the investor looking for a buy-and-hold with minimal relative capital improvements needed: eight 5K sf self-contained units could offer an answer to the neighborhood's shortage of available industrial and retail space for small users, and still create a lucrative gross yearly income. Showings and additional non-public information require proof of wherewithal, Non Disclosure Agreement, and Site Access Waiver. All tours must be accompanied by the Lister.
