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INVESTMENT HIGHLIGHTS
- UMBC is only 2 miles away, the UMBC Transit Bus Stop is just a 2-minute walk, the MARC Station is only 5-minute drive and Giant & Weis Food are nearby
EXECUTIVE SUMMARY
This unique property can allow a business owner to operate their business from the main level of the building, and either live upstairs in the 3 bedroom, 2 bathroom apartment or lease the apartment to generate additional income. The main level is ideal for up to 8 office employees with 3 private offices (including 2 new offices from the building expansion in 2020), a large open area easily able to accommodate 4-5 desks with a kitchen and 2 bathrooms. There is plenty of storage space in the basement, two garages and outside cargo units. The owner is in the alarm, data cabling and security business so the building has a state of the art security system, including many cameras as well as an electronic access control for the front door that uses your smart phone to unlock. Verizon Fios currently at building with upload / download speeds of up to 1 Gbps. Comcast service also available with speeds of up to 1.25 Gbps. The apartment has a separate entrance and is perfect for UMBC students and has been very easy to lease previously. The apartment is currently vacant, but it could be tenanted before closing if desired by a buyer. Alternatively, the upstairs could be converted from an apartment to additional office space. The BL zoning district permits more than 80 different types of principal uses including but not limited to (a) animal grooming; (b) automobile accessory shop; (c) barbershop and beauty shop; (d) electrical contractor; (e) food store; (f) hobby shop; (g) medical clinic; (h) office; (i) pet shop; (j) tavern; (k) vapor lounge; (l) veterinarian’s office and much more. The roof is around 8-10 years old. The HVAC unit for the main building was replaced in 2007 and the HVAC unit for the expansion was installed around 4-5 years ago. The cargo containers in the parking lot can be leased or purchased separately if additional storage is needed.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
3,470 SF
Building Class
C
Year Built/Renovated
1928/2020
Price
$795,000
Price Per SF
$229.11
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Slab To Slab
10’
Building FAR
0.40
Lot Size
0.20 AC
Zoning
BL - Business, Local (BL)
Parking
8 Spaces (2.31 Spaces per 1,000 SF Leased)
Frontage
54’ on Leeds Ave
AMENITIES
- 24 Hour Access
- Security System
- Air Conditioning
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 13-1307290190 | Improvements Assessment | $203,100 |
| Land Assessment | $123,700 | Total Assessment | $326,800 |
PROPERTY TAXES
Parcel Number
13-1307290190
Land Assessment
$123,700
Improvements Assessment
$203,100
Total Assessment
$326,800
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4601 Leeds Ave
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