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    4000 Park Heights Avenue

    BALTIMORE, MD 21215
    • $650,000
    • STATUS: Active
    • ON SITE: 33 days
    • ID#: MDBA524460
    UPDATED: 41 min ago
    $650,000
    • 0
      BEDS
    • 0.35
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Type:
    Commercial
    County:

    School Ratings & Info

    Description

    Retail building approximately 8,000 SF with a 4,000 SF basement. Main level is about 8,000 SF with 4,000 SF occupied by owner-occupied/run convenience store for sale at $149,000 (WHICH MUST ALSO BE PURCHASED WITH THE REAL ESTATE - THE TWO CANNOT BE SOLD SEPARATELY). The store is averaging $75,000 gross sales/month. In addition, the owner collects an average of $4,000/month in ATM fees, $3,000/month in Keno and Lottery commission and $2,500/month rent from a parking lot food truck tenant. The 4,000 SF balance of the main level is a vacant space(in that vacant space there are two three-compartment sinks, two bathrooms, a brand new commercial hood and a working conveyor belt from basement to main level). The basement is a large, dry, wide-open 4,000 SF space with 10' ceilings. Formerly a Save-A-Lot grocery store this could be a great opportunity for an investor or owner occupant (laundromat, deli, grocery store; convenience store; dollar-store). Even leasing the remaining vacant space and perhaps even the basement at below-market rates at $10/SF the CAP rate could easily exceed a 10 and almost approach a 20. Too good to be true? It's not! Vacant spaces are also currently listed for lease.

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    ©2020 Bright MLS, All Rights Reserved. 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. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or Keller Williams Realty Lake Ridge. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2020-10-19T16:52:42.023.
    www.ajteamrealty.com/homes/110046312
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    4000 Park Heights Avenue BALTIMORE, MD 21215

    • Price: $650,000
    • Status: Active
    • Updated: 41 min ago
    • ID#: MDBA524460
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.35
    Acres
    County:
    Baltimore City
    School District:
    Baltimore City Public Schools
    Property Description
    Retail building approximately 8,000 SF with a 4,000 SF basement. Main level is about 8,000 SF with 4,000 SF occupied by owner-occupied/run convenience store for sale at $149,000 (WHICH MUST ALSO BE PURCHASED WITH THE REAL ESTATE - THE TWO CANNOT BE SOLD SEPARATELY). The store is averaging $75,000 gross sales/month. In addition, the owner collects an average of $4,000/month in ATM fees, $3,000/month in Keno and Lottery commission and $2,500/month rent from a parking lot food truck tenant. The 4,000 SF balance of the main level is a vacant space(in that vacant space there are two three-compartment sinks, two bathrooms, a brand new commercial hood and a working conveyor belt from basement to main level). The basement is a large, dry, wide-open 4,000 SF space with 10' ceilings. Formerly a Save-A-Lot grocery store this could be a great opportunity for an investor or owner occupant (laundromat, deli, grocery store; convenience store; dollar-store). Even leasing the remaining vacant space and perhaps even the basement at below-market rates at $10/SF the CAP rate could easily exceed a 10 and almost approach a 20. Too good to be true? It's not! Vacant spaces are also currently listed for lease.
    Exterior Features

    Construction Materials Brick Garage YN No Parking Types Parking Lot Riparian Rights YN No Water Access YN No Water Oriented YN No Water View YN No Waterfront YN No

    Interior Features

    Building Area Total 11679.00 Cooling Heat Pump(S) Heating Heat Pump(S) Heating YN Yes Net Square Feet 15229.00

    Property Features

    Accessibility Features 2+ Access Exits Assessment Year 2020 Association YN No Business Type Other/General RetailSupermarket/Grocery Store Central Air YN No Cooling Fuel Electric Heating Fuel Electric Hot Water Electric Incorporated City Name Baltimore City Navigable Water YN N New Construction YN No Original MLSNumber 304299436938 Ownership Interest Fee Simple Possession Immediate Property Sub Type Retail Sale Type Standard Section 33 Sewer Public SewerPublic Septic Tax Annual Amount 14969.00 Tax Assessment Amount 647133.00 Tax Lot 001 Vacation Rental YN No Water Source Public Zoning R-6

    Listing courtesy of Keller Williams Flagship Of Maryland.


    ©2020 Bright MLS, All Rights Reserved. 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. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or Keller Williams Realty Lake Ridge. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2020-10-19T16:52:42.023.
     
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    4310 Prince William Parkway, Suite 200
    Woodbridge VA, 22192