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28 Allegheny Ave 3,167 SF Retail Condo Unit Offered at $884,814 in Towson, MD 21204
INVESTMENT HIGHLIGHTS
- Retail space available for lease on the first floor
- Strong performing tenants with 13 locations and more to come
- New 10-year NNN lease
- Maryland's largest Bakery chain restaurant
- Attractive size for retail investors
- Lease has Corporate Guarantee
EXECUTIVE SUMMARY
This offering features 3,167 SF of prime ground-floor retail space in the heart of Towson, Maryland, fully leased to Roggenart Bakery, a rapidly expanding, locally owned chain currently operating 13 locations and growing. The tenant has recently committed to a new 10-year NNN lease, providing long-term stability and a strong income stream for investors.
PROPERTY FACTS
| Total Building Size | 381,818 SF | Typical Floor Size | 14,685 SF |
| Property Type | Multifamily (Condo) | Year Built | 1976 |
| Property Subtype | Apartment | Lot Size | 0.83 AC |
| Building Class | B | Parking Ratio | 0.73/1,000 SF |
| Floors | 22 | ||
| Zoning | BMCT - Business Major | ||
| Total Building Size | 381,818 SF |
| Property Type | Multifamily (Condo) |
| Property Subtype | Apartment |
| Building Class | B |
| Floors | 22 |
| Typical Floor Size | 14,685 SF |
| Year Built | 1976 |
| Lot Size | 0.83 AC |
| Parking Ratio | 0.73/1,000 SF |
| Zoning | BMCT - Business Major |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Balcony
- Microwave
- Heating
- Bay Window
- Kitchen
- Hardwood Floors
- Refrigerator
- Oven
- Range
- Tub/Shower
- Views
- Pantry
- Quartz Countertops
SITE AMENITIES
- 24 Hour Access
- Clubhouse
- Concierge
- Fitness Center
- Pool
- Spa
- Elevator
1 UNIT AVAILABLE
Unit 1&2
| Unit Size | 3,167 SF | Sale Type | Investment |
| Price | $884,814 | Cap Rate | 8.00% |
| Price Per SF | $279.39 | NOI | $70,785.10 |
| Condo Use | Retail |
| Unit Size | 3,167 SF |
| Price | $884,814 |
| Price Per SF | $279.39 |
| Condo Use | Retail |
| Sale Type | Investment |
| Cap Rate | 8.00% |
| NOI | $70,785.10 |
DESCRIPTION
This offering features 3,167 SF of prime ground-floor retail space in the heart of Towson, Maryland, fully leased to Roggenart Bakery, a rapidly expanding, locally owned chain currently operating 13 locations and growing. The tenant has
recently committed to a new 10-year NNN lease, providing long-term stability and a strong income stream for investors.
SALE NOTES
Introducing 28 Allegheny Ave, Towson, MD 21204 Suite 1 & 2 – a lucrative NNN Tenant Investment opportunity! This prime ground-floor retail space presents a solid investment with a fully leased tenancy featuring Roggenart Bakery under a new 10-year NNN lease. Located in the bustling heart of Towson, Maryland, this property offers excellent visibility, heavy foot traffic, and proximity to various amenities and entertainment options within the vibrant downtown district. With strong fundamentals and a proven, expanding tenant, this asset assures long-term stability with a remarkable income stream for investors. Boasting 3,167 SF of space within a well-maintained building, this rare investment sale opportunity provides easy access to I-695, making it an ideal choice for retail investors seeking attractive prospects. Don't miss out on this recession-resistant investment with exceptional growth potential in Towson's dynamic commercial landscape. Contact us today for more details!
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 212 | - | - |
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28 Allegheny Ave
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