1236 W Pratt St - Auto Repair FOR SALE


Baltimore, MD 21223
$699,000 USD
410-960-2949
1236 W Pratt St, Baltimore, MD for Sale
$699,000 USD
Auto Repair - FOR SALE
1/32
null | 8.49% Cap Rate

1236 W Pratt St
Baltimore, MD 21223


HIGHLIGHTS

  • Mixed Use Cash Cow with Value Add Opportunities

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$699,000 USD

PRICE/SF

$161 USD /SF

CAP RATE

8.49%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Auto Repair

ADD'L SUBTYPES

Storefront

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1940

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.12 AC

LAND SF

5,227 SF

ZONING

R-8

APN/PARCEL ID

18-07-0249-018

ASK ABOUT THIS PROPERTY

Dimitrios LynchThe Lazarz-Lynch TeamMore Info
410-960-2949

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Dimitrios LynchThe Lazarz-Lynch TeamMore Info
410-960-2949

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.