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4805-4811 Belair Rd
Baltimore, MD 21206
Retail Property For Sale
Investment Highlights
- Significant value-add opportunity
- Opportunity to retenant the retail spaces and increase the leasable dollar per square ft
- Favorable timing for a new operator to implement capital improvements to the building due to the current lease setup by the landlord
- Opportunity to renovate the unfinished apartments and increase monthly gross rent
- Lease Conversion possibility to NNN
Executive Summary
AHRG is pleased to present 4805-4811 Belair Rd. This is a 6-unit mixed-use building located in the commercial corridor of Belair-Edison (North East Baltimore), with a building lot size of 9147.6 square feet (0.21 acres). The building includes two apartments (residential dwellings) and four retail spaces occupied by multiple small businesses. It is situated on a well-trafficked road near Baltimore County, with over 20,000 vehicles passing daily.
Currently, the property generates $ 4500 monthly, and all leases are modified gross.
Currently, the property generates $ 4500 monthly, and all leases are modified gross.
Property Facts
Sale Type
Investment
Sale Condition
Redevelopment Project
Property Type
Retail
Property Subtype
Building Size
7,725 SF
Building Class
C
Year Built
1902
Price
$499,990
Price Per SF
$64.72
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.81
Lot Size
0.22 AC
Zoning
C-2
Parking
10 Spaces (1.29 Spaces per 1,000 SF Leased)
Frontage
42’ on Belair Rd
Property Taxes
| Parcel Number | 5937-003 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $131,467 |
Property Taxes
Parcel Number
5937-003
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$131,467
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