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3424 Eastern Ave 18,446 SF 100% Leased Retail Building Baltimore, MD 21224 $2,300,000 ($124.69/SF) 9.90% Cap Rate
Investment Highlights
- 100% Vacant commercial building on Eastern Avenue between Patterson Park, Johns Hopkins, and Canton
- Existing improvements feature an elevator, freight elevator, and loading dock
- Building provides a flexible foundation for an owner/user or investor to execute a wide range of business plans
- Previously used by Value Village Thrift Store for retail, office, and inventory processing
- Existing buildout accommodates street level retail, 2nd level office/administration, and storage on the lower level
Property Facts
Sale Type
Investment
Sale Conditions
Property Type
Retail
Property Subtype
Building Size
18,446 SF
Building Class
C
Year Built/Renovated
1920/2008
Price
$2,300,000
Price Per SF
$124.69
Cap Rate
9.90%
NOI
$227,701
Percent Leased
100%
Building Height
3 Stories
Loading Docks
1 Exterior
Slab To Slab
10’
Building FAR
1.84
Lot Size
0.23 AC
Zoning
C-2 - C-2 zoning in Baltimore City is a Community Commercial District meant for small to medium-scale commercial use along busy streets.
Frontage
70’ on Eastern Ave
Amenities
- Security System
- Wheelchair Accessible
- Storage Space
- Air Conditioning
- Smoke Detector
Exceptionally walkable
100/100
Moderately drivable
70/100
Good public transit
70/100
Moderately bikeable
60/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 6314-009 | Improvements Assessment | $264,800 |
| Land Assessment | $397,600 | Total Assessment | $662,400 |
Property Taxes
Parcel Number
6314-009
Land Assessment
$397,600
Improvements Assessment
$264,800
Total Assessment
$662,400
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