1236 W PRATT ST Active Save Request In-Person Tour Request Virtual Tour
Baltimore,MD 21223
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
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