$2,445,000
( $142.98Per Sq Foot )
 $13,125 est/mo Sourced by Back At You

5900 York Road , Baltimore, MD 21212

Baltimore, MD 21212

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Description

**Subject to Offer - This post needs to include the ideal asking price, but the property is open to offers.** The retail and office property at 5900 York Road, Baltimore, MD 21212, offers compelling investment highlights. Situated on a prominent thoroughfare with high visibility and accessibility, the property benefits from a diverse surrounding area encompassing residential, retail, and commercial developments, ensuring consistent foot traffic and customer demand. Key nearby amenities include major banks such as PNC Bank, Wells Fargo Bank, and Bank of America, alongside popular grocery stores like Giant Food, ALDI, and The Fresh Market, and prominent shopping centers such as The Rotunda Shopping Center, Towson Town Center, and Mondawmin Mall. This mixed-use property features a versatile layout comprising office spaces equipped with a receptionist area, director's office, multiple employee offices, conference rooms, storage areas, and common areas. The property operates under a double net lease, providing stability and predictable income streams for investors. Strategically, the property presents significant opportunities for value enhancement through targeted renovations and operational improvements. By enhancing tenant spaces and upgrading amenities, including its comprehensive office setup, the property can attract higher-paying tenants, thereby increasing rental income and overall property value. Effective property management practices will optimize operational efficiency, leading to reduced expenses and increased Net Operating Income (NOI). Positioned within a robust and growing Baltimore market characterized by strong economic fundamentals and increasing consumer spending, the property is well-positioned to deliver attractive long-term returns for investors looking to capitalize on the region's ongoing development and commercial activity. **Subject to Offer - This post needs to include the ideal asking price, but the property is open to offers.**

Details

MLS#MDBA2132168
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year1958
Days On Site118
Listing Provided ByMidfield Realty | Menachem M. Dalfin

Features

SQ Feet17,100
ZoningB-2-2

Market Activity 21212

MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the Bright MLS. 

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Listings Checked: 3 minutes ago
StateMD
CountyBaltimore City
CityBaltimore
Zip Code21212
School DistrictBaltimore City Public Schools
Elementary SchoolGovans
Listing VS Median (in 21212)
Price:
$2,445,000
low | high
Med:
$249,750
100% of Average
SqFt:
17,100
low | high
Med:
1,855
100% of Average
$ / SqFt:
$143
low | high
Med:
$135
55.401613317472% of Average
On Site:
118
low | high
Med:
83.500000
100% of Average
Sourced by Back At You
Listing Updated: September 30, 2024 at 1:28:44 PM PDT