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    3715 Harlem Ave Baltimore, MD 21229

    Sponsored
    For Sale
    $150,000

    Income-producing property, licensed assisted living facility.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This 0.03-acre commercial land parcel in Baltimore, MD (zip code 21229), located at 3715 Harlem Avenue, is currently operating as a licensed assisted living facility. The property boasts recent updates including stainless steel appliances, ceramic tile, and wood flooring. The existing tenant holds a valid license and the lease is secured through the State of Maryland and Baltimore City, providing a stable income stream for the owner. The asking price for this exceptional investment opportunity is $150,000. This presents a unique chance to acquire a turnkey, income-generating property with a strong, established tenant in a desirable location. The property is zoned for commercial use and offers significant potential for continued success within the assisted living sector or for redevelopment into other commercial ventures. The property's recent renovations enhance its appeal and functionality, making it an attractive proposition for investors seeking a reliable return on investment. The location in Baltimore City provides easy access to major transportation routes and amenities. This is a rare opportunity to own a profitable and well-maintained commercial property with a secure lease. Serious inquiries are encouraged.

    Property Features for 3715 Harlem Ave

    General Information

    Property type
    Land
    Lot Size
    1,307 SF

    HighLights

    • 0.03‑acre commercial land parcel in Baltimore, MD (21229) at 3715 Harlem Avenue, currently operating as a licensed assisted living facility.
    • Recently updated with stainless steel appliances, ceramic tile, and wood flooring.
    • Strong, secured lease with a licensed tenant, providing stable income.
    • Asking price: $150,000.
    • Commercially zoned, offering redevelopment potential.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Baltimore
    County
    Baltimore City
    State
    Maryland
    Longitude
    -76.6793941
    Latitude
    39.295006

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    FAQs

    What type of property is this?
    Land - Income-producing property, licensed assisted living facility.
    Where is this land located?
    The property is located at 3715 Harlem Ave Baltimore, MD.
    What is the asking price?
    The asking price for this property is $150,000.
    What are key features of this property?
    This property features: 0.03-acre commercial land parcel in Baltimore, MD (21229) at 3715 Harlem Avenue, currently operating as a licensed assisted living facility.; Recently updated with stainless steel appliances, ceramic tile, and wood flooring.; Strong, secured lease with a licensed tenant, providing stable income.
    Request Owner's contact information
    3715 Harlem Ave Baltimore, MD 21229
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    Baltimore, MD 21229
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    3715 Harlem Ave Baltimore, MD 21229
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