$ 2,445,000
5900 YORK ROAD Baltimore, MD 21212
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$ 2,445,000
Est. payment /mo
Active
5900 YORK ROAD Baltimore, MD 21212
17,100 SqFt
UPDATED:
09/30/2024 05:16 PM
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 17,100 sqft
Price per Sqft $142
MLS Listing ID MDBA2132168
Originating Board BRIGHT
Year Built 1958
Annual Tax Amount $31,765
Tax Year 2024
Property 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.**
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.**
Location
State MD
County Baltimore City
Zoning B-2-2
Interior
Hot Water Other
Heating Forced Air
Cooling Central A/C
Heat Source Electric, Natural Gas
Exterior
Waterfront N
Water Access N
Roof Type Asphalt
Street Surface Access - Above Grade
Accessibility None
Road Frontage City/County, State
Parking Type None
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
Elementary Schools Govans
High Schools Heritage
School District Baltimore City Public Schools
Others
Tax ID NO TAX RECORD
Ownership Other
Special Listing Condition Standard
Listed by Menachem M. Dalfin • Midfield Realty
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