4101 Clifton Ave, Baltimore, MD 21216

Property Details for 4101 Clifton Ave

Year built

1930

Lot size

0.11 lot acres

Property type

Retail properties & Spaces

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.

Location Insight

City

Baltimore

County

Baltimore

State

Maryland

Longitude

-76.6508

Latitude

39.312