4101 Clifton Ave Baltimore, MD 21216

Property Details for 4101 Clifton Ave

Year built

1930

Lot size

0.11 lot acres

Property size

4,895 SF

Property type

Retail properties

Property subtype

Retail space

Description

This exceptional Baltimore, MD storefront investment opportunity presents a unique chance to acquire a mixed-use property with significant upside potential. Located at 4101 Clifton Ave, 21216, this 4,895 square foot, single-story building sits on a 0.11-acre corner lot and boasts a permitted B022 zoning. Built in 1930, the property currently features six spaces, with only two occupied. The current tenants include a convenience store paying $750/month plus a pro-rata share of water ($38), and an office space generating $1,100/month in rent. Historically, the property has housed a deli ($1,100/month), a pawn shop ($2,000/month), and other businesses. Three vacant spaces offer immediate opportunities to increase revenue. One vacant space is a warm-lit shell, potentially leasable for $1,000/month, and could be combined with an adjacent space. Another vacant space is also a warm-lit shell, ready for a new tenant. The asking price is $500,000, representing a $102.15 price per square foot and a 10% cap rate based on full occupancy. The current occupancy is 25%, leaving substantial room for growth. The property is offered as a NNN lease, with a remaining lease term of 3 years on one of the occupied spaces. Potential uses for the spaces are diverse, including general office space, deli, convenience store, barbershop, nail or hair salon, animal hospital/clinic, art studio/gallery, healthcare clinic, health and fitness center, and restaurant. This property is an ideal investment for those seeking a high-return opportunity in a prime Baltimore location.