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3424 Eastern Ave 22,125 SF 100% Leased Retail Building Baltimore, MD 21224 $2,300,000 ($103.95/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
Executive Summary
100% Vacant commercial building on Eastern Avenue between Patterson Park, Johns Hopkins, and Canton.
Previously used by Value Village Thrift Store for retail, office, and inventory processing
Previously used by Value Village Thrift Store for retail, office, and inventory processing
Property Facts
Sale Type
Investment
Sale Conditions
Property Type
Retail
Property Subtype
Building Size
22,125 SF
Building Class
C
Year Built/Renovated
1920/2008
Price
$2,300,000
Price Per SF
$103.95
Cap Rate
9.90%
NOI
$227,701
Percent Leased
100%
Building Height
3 Stories
Loading Docks
1 Exterior
Slab To Slab
10’
Building FAR
2.21
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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