$ 509,000
5109 YORK RD Baltimore, MD 21212
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$ 509,000
Est. payment /mo
Under Contract
5109 YORK RD Baltimore, MD 21212
3,778 SqFt
UPDATED:
08/26/2024 04:35 PM
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Under Contract
Purchase Type For Sale
Square Footage 3,778 sqft
Price per Sqft $134
MLS Listing ID MDBA2132178
Originating Board BRIGHT
Year Built 1982
Annual Tax Amount $4,873
Tax Year 2024
Property Description
**Subject to Offer - This post needs to include the ideal asking price, but the property is open to offers.**
Located at 5109 York Road, Baltimore, MD 21212, this multifamily property offers a prime investment opportunity with three fully-leased units under double net (NN) lease agreements. The property benefits from long-term contracts with stable tenants, ensuring consistent rental income and reduced landlord responsibilities. Strategically positioned near prominent institutions such as Loyola University Maryland, Morgan State University, MedStar Good Samaritan Hospital, and Johns Hopkins Hospital, these nearby universities and hospitals drive significant foot traffic, enhancing business potential for retail tenants.
Moreover, the property is well maintained, reflecting its upkeep and enhancing tenant satisfaction and property value. Additionally, it features amenities such as a drive-through and teller window, valuable assets for retail tenants seeking convenient customer access. The property's location near bus stations and a light rail station improves accessibility for tenants and customers alike. With 25 parking spaces available, the property provides ample parking for tenants and visitors. The combination of educational institutions, medical facilities, and robust public transportation options presents ample opportunities for retail tenants, potentially increasing the property’s value and appeal. This investment promises stability and potential growth, making it a valuable addition to any portfolio.
**Subject to Offer - This post needs to include the ideal asking price, but the property is open to offers.**
Located at 5109 York Road, Baltimore, MD 21212, this multifamily property offers a prime investment opportunity with three fully-leased units under double net (NN) lease agreements. The property benefits from long-term contracts with stable tenants, ensuring consistent rental income and reduced landlord responsibilities. Strategically positioned near prominent institutions such as Loyola University Maryland, Morgan State University, MedStar Good Samaritan Hospital, and Johns Hopkins Hospital, these nearby universities and hospitals drive significant foot traffic, enhancing business potential for retail tenants.
Moreover, the property is well maintained, reflecting its upkeep and enhancing tenant satisfaction and property value. Additionally, it features amenities such as a drive-through and teller window, valuable assets for retail tenants seeking convenient customer access. The property's location near bus stations and a light rail station improves accessibility for tenants and customers alike. With 25 parking spaces available, the property provides ample parking for tenants and visitors. The combination of educational institutions, medical facilities, and robust public transportation options presents ample opportunities for retail tenants, potentially increasing the property’s value and appeal. This investment promises stability and potential growth, making it a valuable addition to any portfolio.
**Subject to Offer - This post needs to include the ideal asking price, but the property is open to offers.**
Location
State MD
County Baltimore City
Zoning C-2
Interior
Hot Water Other
Heating Other
Cooling Other
Heat Source Other
Exterior
Garage Spaces 25.0
Waterfront N
Water Access N
Accessibility None
Total Parking Spaces 25
Garage N
Building
Sewer Other
Water Other
New Construction N
Schools
Elementary Schools Govans
High Schools Forest Park
School District Baltimore City Public Schools
Others
Tax ID 0327485173 018
Ownership Other
Special Listing Condition Standard
Listed by Menachem M. Dalfin • Midfield Realty