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1236 W Pratt Street

BALTIMORE, MD 21223
  • $699,900
  • STATUS: Active
  • ON SITE: 301 Days
  • ID#: MDBA2111524
$699,900
  • 0
    BEDS
  • 0.12
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Commercial
Built:
1920
County:

School Ratings & Info

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 propertys 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.

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©2024 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or RE/MAX Executive. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2024-12-03T23:50:33.863.
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1236 W Pratt Street BALTIMORE, MD 21223

  • Price: $699,900
  • Status: Active
  • On Site: 301 Days
  • ID#: MDBA2111524
0
Beds
0
Baths
0
½ Baths
0.12
Acres
1920
Built
County:
Baltimore City
School District:
Baltimore City Public Schools
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 propertys 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.
Exterior Features

Construction Materials Brick Garage YN No Parking Features Paved ParkingPrivate Parking Types Parking Lot Property Condition Good Roof RubberFlat Water Access YN No Water View YN No Waterfront YN No

Interior Features

Building Area Total 4332.00 Cooling Central A/C Exclusions 4 vehicle lifts. ( model 10K0H-HW 10 BP =10000 lb.) Sold separately. Flooring Concrete Heating 90% Forced Air Heating YN Yes Net Square Feet 4332.00

Property Features

Acceptable Financing Conventional Accessibility Features None Central Air YN Yes Cooling Fuel Electric Cross Street Fulton Gross Income 90000.00 Heating Fuel Natural Gas Hot Water Natural Gas Insurance Expense 9600.00 Lease Considered YN Yes Municipality Baltimore City Navigable Water YN N Net Operating Income 63358.00 New Construction YN No Number Of Units Total 2 Operating Expense 18002.00 Operating Expense Includes Water Original MLSNumber 802823493804 Owner Pays WaterTaxes - Real EstateAdvertising/Licenses and PermitsManagement Ownership Interest Fee Simple Property Sub Type Retail Sale Type Standard Sewer Public Sewer Tax Annual Amount 3515.00 Tax Lot 018 Transportation Bus Stop less than 1 mileMetro/Subway Station 1 to 3 milesAirport less than 10 milesCommuter Rail Station 1 to 5 miles Vacation Rental YN No Water Source Public Zoning R-8 Zoning Description Commercial Automotive

Listing courtesy of ExecuHome Realty: .


©2024 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or RE/MAX Executive. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2024-12-03T23:50:33.863.
 
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