USAMDBaltimoreBelvedere Square5900 York Rd
5900 York Rd, Home with 0 bedrooms, 0 bathrooms and null parking in BALTIMORE MD | Image 1
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$2,445,000

5900 York Rd, Baltimore, MD

Real Estate

For Sale

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  • Key Facts
  • Description
  • Map

Key Facts

Type Retail
Levels Commercial Sale
Size -
Garage No
Maintenance Fees 
Taxes $31,766
Days Active 43
Approx. Age 1958
MLS® Number MDBA2171492

Property Address: 

Average square foot calculated using Size range provided by listing agent.

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.Show Description
MLS® NumberMDBA2171492
Locker
Ensuite LaundryNo
Balcony
Furnished
Laundry Level
Exposure
Exterior
GarageNo
Approx. Age1958
Stories2
Pets
Corp Number

Included in Maintenance Fee

Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance

Utilities

HeatForced Air, Natural Gas
A/CCentral A/C, Other Fuel
Heating Fuel

Extras

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