In close proximity to major banks, grocery stores and shopping centers
PROPERTY DETAILS
Number of Units - 27
24 of 27 occupied
LAND SF
Parking 20 spaces
Stories - 02
Asking Price Subject to Offer
This 27-unit mixed-use property offers a high-return investment opportunity, with an 11.6% cap rate from day one. Currently, the property has both vacant units and under-market rents, allowing new ownership to raise income and further enhance returns. With untapped potential for rental growth, this property presents an immediate opportunity to add value.
Located near major transit lines, this property enjoys close proximity to prominent institutions, including Loyola University Maryland, Johns Hopkins University, Johns Hopkins Hospital, and MedStar Union Memorial Hospital, which strengthen tenant demand. The area is also rich with conveniences such as major banks like PNC Bank, Wells Fargo, and Bank of America, as well as nearby shopping destinations like The Rotunda Shopping Center and Towson Town Center.
The building itself is two stories, featuring both retail and office spaces, with dedicated parking in the back. Recent upgrades include a newly updated roof, ensuring low maintenance needs for years to come. Additionally, this high-return investment opportunity benefits from the Enterprise Zone designation, offering valuable tax advantages to the future owner.
- INVESTMENT HIGHLIGHTS -
– The property is estimated to be performing with a cap rate of around 11%, presenting a solid investment opportunity for potential buyers.
-The property is set-up with Receptionist area, Director’s office, multiple employee offices, conference rooms, storage areas and common areas.
-Strategic proximity to bus stops and a light rail station enhances property value by offering convenient commuting options.
-Situated in close proximity to major banks such as PNC Bank, Wells Fargo Bank, and Bank of America, along with convenient access to ATMs
-The property also benefits from its proximity to prominent shopping malls like The Rotunda Shopping Center and Towson Town Center
-Features existing long-term tenants with active leasing contracts.
-Proximity to universities like Loyola University Maryland and Johns Hopkins University.
-The property is nearby hospitals such as Johns Hopkins Hospital and MedStar Union Memorial Hospital
-The property has signage space that is currently leased, providing an additional income stream.
-The property is located within an Enterprise Zone, offering potential benefits such as tax incentives and opportunities for economic development.
