1236 W Pratt St Baltimore, MD 21223
Fully leased commercial building with income and value-add potential.
Lot size:
0.12 AcresProperty Features for 1236 W Pratt St
General Information
- Standard status
- Active
- Lot size
- 0.12 Acres
Building Details
- Year built
- 1920
Source:
Exitrealty
Listing Agency: ExecuHome Realty Listing Agent: Dimitrios Lynch
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Income-Producing Commercial Property For Sale
This income-producing property generates $6,706 per month with an 8% cap rate, and is projected to reach 10.5%+ with value-add improvements. The 4,860 sq. ft. building is fully leased to two tenants: King Tire and Auto Shop, with a 10-year lease at $4,700 per month through 5/31/2036, and TJ Mart convenience store, with a 3-year lease at $2,060 per month through 5/31/2028, including 3% annual increases and a self-funded buildout. The property features two unused upper-level spaces that offer additional income potential of $2,000+ per month. One space is located above the 3-bay garage, suitable for an apartment or salon, and the other is above the tire shop, ideal for a studio, storage, or office. Additional features include parking for 11+ vehicles, high bay ceilings, and three bathrooms. The property has zoned central air and dual access from Pratt and Carey Streets. Positioned across from Mount Clare Junction Shopping Center and under 1.5 miles from I-95, I-395, and I-295, this two-parcel property offers stable returns today with room to grow. The property is located at 1234 and 1236 W Pratt St.
Location Intelligence
Current Use by Public Records
Auto shops
Similar Places Nearby
Pope's Auto, Middleton & Meads Co, Inc., Gene Bowman's Body Shop Inc, Baltimore Autoboyz, Baltimore On-Site Truck & Trailer Repair
Location Insight
- Map
- Local Demand
- City
- Baltimore
- County
- Baltimore
- State
- Maryland
- Longitude
- -76.6375075
- Latitude
- 39.285859
Nearby Similar for Sale
FAQs
What type of property is this?
Auto shop - Fully leased commercial building with income and value-add potential.
Where is this auto shop located?
The property is located at 1236 W Pratt St Baltimore, MD.
What is the asking price?
The asking price for this property is $699,900.
What are key features of this property?
This property features: - High-traffic corner location at 1234 and 1236 W Pratt St.; - Income-producing property generating $6,706/month with an 8% cap rate.; - Fully leased to two strong tenants: King Tire and Auto Shop (10-year lease) and TJ Mart convenience store (3-year lease with annual increases).
