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
1/31
null | 9.05% Cap Rate

1236 W Pratt St
Baltimore, MD 21223


HIGHLIGHTS

  • $6,500/m Income with Value Add Potential!
  • Hands off Commercial Tennants
  • High Traffic Intersection

OVERVIEW

UPDATE: 9% CAP RATE plus value-add opportunity! The owner has turned this property around, and it is now a stable income-producing asset, fully leased and generating $6,500/month, with two vacant spaces that could increase cash flow by approximately $2,500/month. Tenants include an automotive repair business with a tire shop on a 2-year lease and a TJ Mart convenience store that completed significant tenant-paid improvements before moving in last year. Situated at a high-traffic corner on Pratt Street, this property features 4,860 sq. ft. of above-ground space, with the automotive business occupying a single-bay garage for the tire shop and a 3-bay garage for car repairs. The value-add opportunity includes two additional upstairs spaces: one above the 3-bay garage that could be converted into an apartment or hair salon, and another above the tire shop suitable for a print studio, storage, or other uses. Amenities include off-street parking for 11+ vehicles, separate entrances from Pratt and Carey Streets, high bay ceilings, zoned central air, and three bathrooms. Consisting of two parcels—1234 W Pratt St and 1236 W Pratt St—being sold together, this property offers exceptional cash flow today and significant potential for increased performance. Located across from Mount Clare Junction Shopping Mall and less than 1.5 miles from I-95, I-395, and I-295, it offers excellent accessibility for high-volume businesses. Don’t miss out—schedule your tour today!

FOR SALE DETAILS

PRICE

$699,000 USD

PRICE/SF

$161 USD /SF

CAP RATE

9.05%

% 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

C-1 & 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.