5900 York Rd Baltimore, MD 21212

Property Details for 5900 York Rd

Year built

1948

Construction

BRICK

Lot size

0.21 lot acres

Property size

8,440 SF

Zone code

C-2

Property type

Office buildings

APN

27-64-5093C-001

APU

27645093C001

Description

This exceptional two-story, 27-unit mixed-use property at 5900 York Road, Baltimore, MD 21212, offers a compelling investment opportunity with an estimated 11% cap rate. The property boasts a mix of retail and office spaces, featuring a reception area, director's office, multiple employee offices, conference rooms, storage, and common areas. Currently, there are both vacant units and units with below-market rents, presenting immediate potential for increased income and enhanced returns through rental growth. A newly updated roof minimizes maintenance needs. The property includes dedicated rear parking and benefits from a prime location near major transit lines, including bus stops and a light rail station. Its strategic proximity to Loyola University Maryland, Johns Hopkins University, Johns Hopkins Hospital, and MedStar Union Memorial Hospital, along with major banks (PNC Bank, Wells Fargo, Bank of America) and shopping centers (The Rotunda, Towson Town Center), ensures strong tenant demand. Existing long-term tenants with active leases provide a stable income stream, further supplemented by leased signage space. The property's location within an Enterprise Zone offers significant tax advantages, including real and income tax credits, enhancing the overall investment value. These credits include a 10-year tax credit on increased property taxes from improvements (80% in years 1-5, decreasing 10% annually thereafter), and income tax credits for new hires, particularly those from economically disadvantaged backgrounds. This property presents a rare opportunity to acquire a well-located, mixed-use asset with significant upside potential. The asking price is $2,445,000.

Location Insight

City

Baltimore

County

Baltimore City

State

Maryland

Longitude

-76.6104

Latitude

39.3631

CBSA code

12580

CBSA name

BALTIMORE-TOWSON, MD METROPOLITAN STATISTICAL AREA

Property Tax & Assessments