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Danielle Wateridge

danielle.wateridge@gmail.com +1(703) 639-8869

$ 699,900

Est. payment -/mo

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Active

1236 W PRATT ST Baltimore, MD 21223

4,332 SqFt

UPDATED:

09/24/2024 01:20 AM

Key Details

Property Type Commercial

Sub Type Retail

Listing Status Active

Purchase Type For Sale

Square Footage 4,332 sqft

Price per Sqft $161

MLS Listing ID MDBA2111524

Originating Board BRIGHT

Year Built 1920

Annual Tax Amount $3,515

Tax Year 2024

Lot Size 5,140 Sqft

Acres 0.12

Property Description

SEPTEMBER UPDATE. 9 - 11% CAP RATE. See Uploaded Pro-Forma. Mixed Use Property with Value-Add Opportunity. Newly vacant 3 Bay Automotive space makes this ideal for Owner Occupant or Investor. This cash flowing investment property in a prime location is situated at a high-traffic corner on Pratt Street and features an impressive 4,860 above ground sq ft. Tenants include a Tire Shop which has been there 2.5 years, a new renovated convenience store and a 3 Bay Garage that was formerly leased to a car detailing service. The 3 Bay Garage could be taken by an owner occupant buyer. The value-add opportunity is in additional upstairs spaces which need improvements. The upstairs section above the 3 Bay Garage could become an apartment or hair salon and the upstairs section above the tire shop could be a print studio, storage etc. There is off street parking for 11+ vehicles and separate entrances off Both Pratt and Carey St. Noteworthy amenities include high bay ceilings, zoned central air, three bathrooms, and four 10,000lb Vehicle Lifts (available for separate purchase). The property consists of two parcels, 1234 W Pratt St and 1236 W Pratt St, being sold together, providing exceptional cash flow today and a compelling opportunity to increase the property’s performance. Directly across from the bustling Mount Clare Junction Shopping Mall and less than 1.5 miles from I-95, I-395, and I-295, this property offers great accessibility for a high-volume business. Don't miss out – schedule your tour today! Updated photos are coming soon.

Location

State MD

County Baltimore City

Zoning R-8

Interior

Hot Water Natural Gas

Cooling Central A/C

Flooring Concrete

Heat Source Natural Gas

Exterior

Garage Spaces 11.0

Waterfront N

Water Access N

Roof Type Rubber,Flat

Accessibility None

Parking Type Parking Lot

Total Parking Spaces 11

Garage N

Building

Sewer Public Sewer

Water Public

New Construction N

Schools

School District Baltimore City Public Schools

Others

Tax ID 0318070249 018

Ownership Fee Simple

SqFt Source Assessor

Acceptable Financing Conventional

Listing Terms Conventional

Financing Conventional

Special Listing Condition Standard

Listed by Dimitrios Lynch • ExecuHome Realty

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