5109 York Road Baltimore, MD 21212
Summary
Number of Units - 02
Occupancy Rate - Fully occupied
Typical Floor - 1,875 SF
25 Parking spaces
Stories - 02
Asking Price Subject to Offer
Located at 5109 York Road, Baltimore, MD 21212, this multifamily property offers a prime investment opportunity with three fully-leased units under double net (NN) lease agreements. The property benefits from long-term contracts with stable tenants, ensuring consistent rental income and reduced landlord responsibilities. Strategically positioned near prominent institutions such as Loyola University Maryland, Morgan State University, MedStar Good Samaritan Hospital, and Johns Hopkins Hospital, these nearby universities and hospitals drive significant foot traffic, enhancing business potential for retail tenants.
Moreover, the property is well maintained, reflecting its upkeep and enhancing tenant satisfaction and property value. Additionally, it features amenities such as a drive-through and teller window, valuable assets for retail tenants seeking convenient customer access. The property’s location near bus stations and a light rail station improves accessibility for tenants and customers alike. With 25 parking spaces available, the property provides ample parking for tenants and visitors. The combination of educational institutions, medical facilities, and robust public transportation options presents ample opportunities for retail tenants, potentially increasing the property’s value and appeal. This investment promises stability and potential growth, making it a valuable addition to any portfolio.
- INVESTMENT HIGHLIGHTS -
-Operates under a double net lease, where tenants assume responsibility for property taxes and insurance premiums in addition to base rent. This lease structure enhances investment appeal by providing stable, predictable cash flow and reducing landlord’s operating expenses.
-Features existing long-term tenants with active leasing contracts, ensuring continuity and income stability.
-proximity to Loyola University Maryland and Johns Hopkins University, offering retail tenants direct access to substantial foot traffic from students and faculty. Nearby hospitals like Johns Hopkins Hospital and MedStar Union Memorial Hospital further enhance the property’s appeal by attracting a steady flow of visitors, employees, and potential customers for retail establishments.
