Log In/Sign Up
Your email has been sent.
4101 Wilkens Ave 454 SF Retail Building Baltimore, MD 21229 $250,000 ($550.66/SF) 7.20% Cap Rate
Executive Summary
THIS SALE IS CONTINGENT COMPLETION OF A SUB-DIVISION.?
The 545 S.F. structure sits on about 6,200 SF of BL zoned property and formerly functioned as a carry-out crab shack and is currently under lease with a deli/convenience store operator. The building consists of a front customer service area with the potential for a table or two and/or a countertop. The rear of the building houses the grill area (hood in place with an ansil system needed); a three compartment sink; an area/rough-in for a wash sink; a walk-in cooler (with a brand new compressor ready for installation) and more. There is also a powder, rear entrance, and plenty of glass in the front of the building. Current tenant is completing all improvements. This building may be purchased separately or together with the two story building next door. Both buildings have been completely remodeled extensively except for the two basement spaces of the main building that are still in shell condition. The remodel includes all new electric, HVAC, plumbing, walls, floor covering, lighting and more. Purchase one building or both. High cap rate. The property sits directly on Wilkens Ave. in Baltimore County close to the city line and a short distance to St. Agnes Hospital just one mile inside the beltway.
The 545 S.F. structure sits on about 6,200 SF of BL zoned property and formerly functioned as a carry-out crab shack and is currently under lease with a deli/convenience store operator. The building consists of a front customer service area with the potential for a table or two and/or a countertop. The rear of the building houses the grill area (hood in place with an ansil system needed); a three compartment sink; an area/rough-in for a wash sink; a walk-in cooler (with a brand new compressor ready for installation) and more. There is also a powder, rear entrance, and plenty of glass in the front of the building. Current tenant is completing all improvements. This building may be purchased separately or together with the two story building next door. Both buildings have been completely remodeled extensively except for the two basement spaces of the main building that are still in shell condition. The remodel includes all new electric, HVAC, plumbing, walls, floor covering, lighting and more. Purchase one building or both. High cap rate. The property sits directly on Wilkens Ave. in Baltimore County close to the city line and a short distance to St. Agnes Hospital just one mile inside the beltway.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Freestanding
Building Size
454 SF
Building Class
C
Year Built/Renovated
1897/2024
Price
$250,000
Price Per SF
$550.66
Cap Rate
7.20%
NOI
$18,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.03
Lot Size
0.32 AC
Zoning
BL - Allows a variety of neighborhood-oriented retail, service, office & commercial uses designed to serve the daily needs of the surrounding community
Parking
5 Spaces (11.01 Spaces per 1,000 SF Leased)
Frontage
30’ on Wilkens Ave
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 13-1302202150 | Improvements Assessment | $33,500 |
| Land Assessment | $280,000 | Total Assessment | $313,500 |
Property Taxes
Parcel Number
13-1302202150
Land Assessment
$280,000
Improvements Assessment
$33,500
Total Assessment
$313,500
1 of 5
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Contact the Sale Advisor
4101 Wilkens Ave