5900 York Rd Baltimore, MD 21212
27-unit mixed-use property with high cap rate and growth potential.
Property Features for 5900 York Rd
General Information
- Standard status
- Active
Building Details
- Year built
- 1958
Source:
Corcoran
Listing Agent: Menachem M. Dalfin
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Mixed-Use Property Near Loyola University
This 27-unit mixed-use property features only one vacant unit and offers an immediate 11% cap rate. The property has under-market rents, providing an opportunity to increase income and returns. Located near major transit lines, the property benefits from proximity to Loyola University Maryland, Johns Hopkins University, Johns Hopkins Hospital, and MedStar Union Memorial Hospital. The surrounding area includes major banks such as PNC Bank, Wells Fargo, and Bank of America, as well as shopping destinations like The Rotunda Shopping Center and Towson Town Center. The two-story building comprises a mix of retail and office spaces, complemented by dedicated parking in the back. Recent improvements, including a newly updated roof, ensure minimal maintenance costs. The property’s Enterprise Zone designation provides tax advantages.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Run Style
Beauty Salon
3-D Stylez
Barber Shop
1500Radio
Radio Broadcaster
Innovative Graphics
Commercial Printer
Everything Must Change ...
Mental Health Service
Location Insight
- Map
- Local Demand
- City
- Baltimore
- County
- Baltimore
- State
- Maryland
- Longitude
- -76.6103707
- Latitude
- 39.3629183
Nearby Similar for Sale
FAQs
What type of property is this?
Mixed-use property - 27-unit mixed-use property with high cap rate and growth potential.
Where is this mixed-use property located?
The property is located at 5900 York Rd Baltimore, MD.
What is the asking price?
The asking price for this property is $2,445,000.
What are key features of this property?
This property features: - 11% Cap Rate from Day One; - Significant Potential for Rental Growth due to Under-Market Rents; - Strategic Location Near Major Transit and Prominent Institutions (Loyola, Johns Hopkins)