MD > Baltimore > Belvedere Square
Baltimore, MD 21212,5900 YORK RD
Baltimore, MD 21212,5900 YORK RD
Baltimore, MD 21212,5900 YORK RD
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Listed by Menachem M. Dalfin • Midfield Realty
$2,445,000
Est. payment /mo
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17,100 SqFt
New

5900 YORK RD Baltimore, MD 21212

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Matthew Curcio

Matthew Curcio

+1(856) 207-7592

UPDATED:

Key Details

Property Type Commercial

Sub Type Retail

Listing Status Active

Purchase Type For Sale

Square Footage 17,100 sqft

Price per Sqft $142

Subdivision Belvedere Square

MLS Listing ID MDBA2171492

Year Built 1958

Annual Tax Amount $31,766

Tax Year 2024

Property Sub-Type Retail

Source BRIGHT

Property Description

This 27-unit mixed-use property, with only one vacant unit, presents a compelling investment opportunity, boasting an 11% cap rate from day one. The property features under-market rents, providing new ownership the ability to increase income and enhance returns further. With significant potential for rental growth, this asset offers an immediate chance to add substantial value.

Strategically located near major transit lines, the property benefits from proximity to prominent institutions, including Loyola University Maryland, Johns Hopkins University, Johns Hopkins Hospital, and MedStar Union Memorial Hospital, driving strong tenant demand. The surrounding area is rich with amenities, including major banks such as PNC Bank, Wells Fargo, and Bank of America, as well as convenient 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 for years to come. Additionally, the property's Enterprise Zone designation provides valuable tax advantages, further enhancing its appeal to investors.

Location

State MD

County Baltimore City

Zoning C-2

Interior

Hot Water Other

Heating Forced Air

Cooling Central A/C

Flooring Fully Carpeted, Carpet

Heat Source Natural Gas

Exterior

Garage Spaces 20.0

Utilities Available Water Available

Water Access N

Accessibility None

Total Parking Spaces 20

Garage N

Building

Sewer Public Sewer

Water Public

New Construction N

Schools

School District Baltimore City Public Schools

Others

Tax ID 0327645093C004

Ownership Other

Special Listing Condition Standard

Bright MLS (BMLS)

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agent

Matthew Curcio

Broker Associate & Team Leader | License ID: 0121845

+1(856) 207-7592

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5900 YORK RD

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