3038 Greenmount Ave - Storefront Retail/Residential FOR SALE


Baltimore, MD 21218
$70,000 USD
410-977-4711
3038 Greenmount Ave, Baltimore, MD for Sale
$70,000 USD
Storefront Retail/Residential - FOR SALE
1/40
null | Request Cap Rate

3038 Greenmount Ave
Baltimore, MD 21218


HIGHLIGHTS

  • Residential revenue
  • Street level Office/Retail
  • Recent renovations

OVERVIEW

List price to be opening bid at online only auction. Online auction to be conducted on Auctioneers website. Bidding begins Thursday, January 23rd & Ends Tuesday, January 28, 2025 @ 12:30 PM. Mixed-use building in the "Abell" Neighborhood of Baltimore City with 2 units. The main level would be ideal for a commercial retail tenant and is rent ready; the upper level residential unit is currently tenant occupied. There are 2 electric meters. Unit A: Previously rented as a retail store; and currently vacant. Unit B: Living area, 2 bedrooms and 1 full bathroom with wood type floors throughout. The unit is tenant occupied and rents for $1,095/monthly. Per an addendum, the lease is month-to-month. Per the seller: The tenant is current on their rent payment including January 2025. Recent improvements to the property: • New kitchen cabinets and appliances, including a washer/dryer • New bathroom vanity • Renovated outdoor stairs for upstairs unit • New electrical panel for upstairs unit • Updated and renovated the mechanical systems for the upstairs unit • Other small repairs were made Zoning: C-1 (according to the Baltimore City CoDe Map) is a "Neighborhood Business Zoning District". According to Article 32 Zoning, Published by Baltimore City Department of Legislative Reference:The C-1 Neighborhood Business Zoning District is intended for areas of commercial clusters or pedestrian-oriented corridors of commercial uses that serve the immediate neighborhood. Location: The property has a convenient location near dining, shopping, schools, recreational facilities, and access to transportation routes; including E. University Parkway and E 25rh & E 33rd streets. The Baltimore Museum of Art, Johns Hopkins University at Eastern are located nearby. Diligence Package: Copy purchase and sale agreement with assorted addenda are located in the documents section of the auctioneer's website, link below. In order to gain access, you must create a free account as well as accept a non-disclosure agreement. Auction Notes: Online Auction Only! Bidding begins Thursday, January 23rd & Ends Tuesday, January 28, 2025 @ 12:30 PM. Online Bidding Notes: The initial deposit must be made via credit card, wire transfer or by Cashier's Check. Please review the online bidding terms and deposit transmittal form in the Documents Section for more details.

FOR SALE DETAILS

PRICE

$70,000 USD

PRICE/SF

$35 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1920

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.06 AC

LAND SF

2,614 SF

ZONING

C-1

APN/PARCEL ID

3856-010

ASK ABOUT THIS PROPERTY

Matt CooperAlex Cooper Auctioneers, Inc.More Info
410-977-4711

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Matt CooperAlex Cooper Auctioneers, Inc.More Info
410-977-4711

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