Your email has been sent.
4101 Wilkens Ave 10,443 SF 53% Leased Retail Building Baltimore, MD 21229 $600,000 ($57.45/SF) 14.17% Cap Rate
Investment Highlights
- MIxed use with great tenant diversity
Executive Summary
This approximately 3,471 SF primary building sits on roughly 8,400 SF of BL-zoned property and offers a diverse mixed-use investment opportunity with a total of six potential tenant spaces.
The upper level features a leased two-bedroom residential apartment providing stable rental income. The main level consists of three commercial spaces, including a leased diabetic supply store and a retail showroom currently offering furniture, electronics, bedding, and related merchandise. Two additional basement-level spaces remain in shell condition, presenting value-add potential for future buildout and increased income generation.
Also available for purchase is the adjacent secondary building, an approximately 454 SF standalone structure currently leased and operating as a deli/convenience store.
Both buildings have undergone extensive renovations, with the exception of the unfinished basement spaces. Improvements include new electrical systems, HVAC, plumbing, walls, flooring, lighting, and more.
Purchase the primary building individually or capitalize on the opportunity to acquire both properties together. Strong income potential with an attractive cap rate and upside through lease-up and future improvements.
Property Facts
Amenities
- 24 Hour Access
- Corner Lot
- Pylon Sign
- Signage
- Tenant Controlled HVAC
- Air Conditioning
- Smoke Detector
Space Availability
- Space
- Size
- Space Use
- Position
- Available
The only remaining space is the rear section of Suite A. Space is one large open room approximately 200 SF and a smaller rear room approximately 100 SF. The powder room would be shared with the occupant of the front room of Suite A. Suite B is occupied and will be housing a retail tenant selling furniture, bedding, video games and more. Suite C is occupied by a diabetic supply store. The adjacent accessory building is a small convenience store and deli. There's talk of a vendor selling seafood (crabs, etc.) in the parking area between the two buildings. Bottom line? There will be tons of activity and plenty of opportunity for a small business to be highly successful. A great fit would be a barber shop; hair salon; nail salon; any small retail store; jewelry store; beauty salon; professional offices (legal, accounting; real estate); restaurant and many, many more. NOTE: Property also for sale and therefore a rent with option to purchase would be considered with the right offer and the right tenant.
Two basement spaces laid out for two residential apartments with full kitchen and full bath. However, spaces could be easily combined and function as office space, storage or residential apts. as designed.
| Space | Size | Space Use | Position | Available |
| A | 450-900 SF | Retail | - | Now |
| B1 | 1,000-2,000 SF | Office | - | Now |
A
| Size |
| 450-900 SF |
| Space Use |
| Retail |
| Position |
| - |
| Available |
| Now |
B1
| Size |
| 1,000-2,000 SF |
| Space Use |
| Office |
| Position |
| - |
| Available |
| Now |
A
| Size | 450-900 SF |
| Space Use | Retail |
| Position | - |
| Available | Now |
The only remaining space is the rear section of Suite A. Space is one large open room approximately 200 SF and a smaller rear room approximately 100 SF. The powder room would be shared with the occupant of the front room of Suite A. Suite B is occupied and will be housing a retail tenant selling furniture, bedding, video games and more. Suite C is occupied by a diabetic supply store. The adjacent accessory building is a small convenience store and deli. There's talk of a vendor selling seafood (crabs, etc.) in the parking area between the two buildings. Bottom line? There will be tons of activity and plenty of opportunity for a small business to be highly successful. A great fit would be a barber shop; hair salon; nail salon; any small retail store; jewelry store; beauty salon; professional offices (legal, accounting; real estate); restaurant and many, many more. NOTE: Property also for sale and therefore a rent with option to purchase would be considered with the right offer and the right tenant.
B1
| Size | 1,000-2,000 SF |
| Space Use | Office |
| Position | - |
| Available | Now |
Two basement spaces laid out for two residential apartments with full kitchen and full bath. However, spaces could be easily combined and function as office space, storage or residential apts. as designed.
Nearby Major Retailers
Property Taxes
| Parcel Number | 13-1302202150 | Improvements Assessment | $33,500 |
| Land Assessment | $280,000 | Total Assessment | $313,500 |
Property Taxes
Presented by
4101 Wilkens Ave
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.