Property

Baltimore, MD 21223 1236 W Pratt Street

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Presented By: ExecuHome Realty
  • MLS# MDBA2111524
  • 02/06/2024
  • Request Tour
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  • SQFT • 4,332

Home Details

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.
Presented By: ExecuHome Realty

Interior Features for 1236 W Pratt Street

Bathrooms

Total Restrooms3

Other Interior Features

Central Air Y/NYes
FlooringConcrete
Heating FuelNatural Gas
Heating Y/NYes
Hot WaterNatural Gas

General for 1236 W Pratt Street

Acceptable FinancingConventional
AccessibilityNone
Business TypeAuto Related
Cap Rate9.05
CityBALTIMORE
Construction MaterialsBrick
Cool FuelElectric
CoolingCentral A/C
CountyBALTIMORE CITY
DirectionsLocated at intersection of Carey and Pratt St. One block passed Mt. Clair Junction Shopping Mall and across the street from the Section 8 housing offices.
Exclusions4 vehicle lifts. ( model 10K0H-HW 10 BP =10, 000 lb.) Sold separately.
FULLFee Simple
Gross Income90000.00
Heating90% Forced Air
Insurance Expense9600.00
Lease Considered Y/NYes
Legal SubdivisionWard 18
Lot Size Square Feet5140.00
Lot Size UnitsSquare Feet
ModificationTimestamp2024-09-23T21:20:31
MunicipalityBaltimore City
Net Operating Income63358.00
New ConstructionNo
NumberOfUnitsTotal2
Operating Expense18002.00
OwnerPaysWater, Taxes - Real Estate, Advertising/Licenses and Permits, Management
PossessionSettlement
Price Per Sq Ft Total AG161.57
Property ConditionGood
Property SubtypeRetail
Property TypeCommercial Sale
Property UseInvestment
RoofRubber, Flat
SewerPublic Sewer
Standard StatusActive
StatusACTIVE
Tax Annual Amount3515.0
Tax Assessed Value148933.0
Tax Lot018
Tax Year2024
TransportationBus Stop less than 1 mile, Metro/Subway Station 1 to 3 miles, Airport less than 10 miles, Commuter Rail Station 1 to 5 miles
Vacation Rental Y/NNo
Water Access Y/NNo
Waterfront Y/NNo
Year Built1920
Year Built SourceAssessor
ZoningR-8
Zoning DescriptionCommercial Automotive

Exterior for 1236 W Pratt Street

Building Area Total4332.00
Car Parking Spaces11
Land Assessed Value82200.00
Land Use CodeC
Lot Size Acres0.12
Lot Size SourceAssessor
Navigable Water Y/NNo
Parking FeaturesPaved Parking, Private
Total Loading Docks0
Total Parking Spaces11
Type of ParkingParking Lot
Water Oriented Y/NNo
Water SourcePublic
Water View Y/NNo

Additional Details

Price History

Fabiane Farias

Associate
Price $699,900
MLS#MDBA2111524
List Date 02/06/2024
Property Type Commercial
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