3400-3402 Belair Road 3402 Belair Rd 4,661 SF 100% Leased Retail Building Baltimore, MD 21213 $647,000 ($138.81/SF) 10.39% Cap Rate

High-Visibility Commercial Strip Center – 3400-3402 Belair Road- Recently reduced!
Executive Summary:
Presenting an exceptional opportunity to acquire a versatile commercial asset located in a robust Baltimore retail corridor. Spanning 4,661 square feet, this commercial strip center offers significant visibility and potential for owner-occupants seeking a high-traffic footprint in Baltimore, MD.
The property features a long-term lease with Bank of America for an ATM and an owner's suite to be offered vacant. The recently renovated owner's suite features: 7 offices, 2 larger group/counseling areas, a conference room, a lounge, a break room, a storage room, 4 restrooms, and one with a shower.
Property Highlights
Address: 3400-3402 Belair Road, Baltimore, MD 21213
Property offered, "As-Is"
Total Building Size: 4,661 SF
Property Type: Commercial Retail / Strip Center
Strategic Positioning: Situated along a major thoroughfare, ensuring maximum exposure to the local consumer base.
Amenities & Strategic Details
Traffic & Exposure: Benefit from high vehicle and foot traffic volume. Traffic Count: Approximately 21,500 Vehicles Per Day on Belair Rd
Parking Capacity: Ample onsite parking available to support diverse business operations. 10 parking spaces in the rear with a private entrance and exit from the rear of the building. Ample street parking, accessible
by bus.
Zoning: C-1 Classification, providing flexibility for a wide range of retail or business uses. (Buyer to verify intended use with Baltimore City). Buyer is responsible for all Maryland Transfer tax, City/County Recordation and Transfer Tax.
Accessibility: Conveniently located with quick access to I-695, I-95, and 895, downtown Baltimore, and major commuter routes.
Signage: Excellent branding potential with building and front door signage.
Investment Potential:
This property is ideally configured for a variety of uses, including retail storefronts, service-based businesses, or professional offices. The building's layout allows for excellent use by a Behavioral Health company or medical office. Leasing rates average between $16-18 PSF NNN for this type of space, creating either an owner's suite with Bank of America contributing toward your mortgage or a significant investment at a 10.39% cap.