Remarks

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.

Details

MLS#: MDBA2111524
Price: $699,900

Year Built: 1920

County: BALTIMORE CITY
Tax Fee: 3515.0