5109 YORK RD Under Contract

Baltimore,MD 21212

$ 509000

- Bed

- Bath

3778 SqFt


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.**

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

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