5447 Belair Rd 1,656 SF 33% Leased Retail Building Baltimore, MD 21206 $175,000 ($105.68/SF)

Interiors:
5447 Belair Road offers a three-story mixed-use building ready for renovations. The first-floor commercial space is leased through June 30, 2028, providing immediate rental income while the upper floors await rehab. The space features storefront glass, laminate flooring, and a half bath—ideal for a small office, studio, or retail use permitted under the RMU Overlay. The upper levels include a roughed-in kitchen, full bath, and flexible rooms that could be finished into a large four-bedroom apartment or multiple smaller units, depending on final layout and permits.
Utilities:
Systems are partially in place with a first-floor gas furnace and second-floor heat pump, one gas meter, and two electric meters. A central gas-fired water heater serves the building. The property also includes an oversized two-car garage and a paved area allowing for a total of three off-street parking spaces.
What’s Special About Northeast Baltimore City?
Zoned R-7 with an RMU Overlay, this property supports both residential and small-scale commercial uses, offering investors and entrepreneurs flexibility to operate a business on the first floor and lease or occupy the upper levels. With 6,009 sq ft of land and rear alley access, the site has ample space for parking, outdoor storage, or potential expansion. Up to five dwelling units are permitted by right, creating multiple exit strategies for redevelopment or long-term rental income. Located on Belair Road, a major thoroughfare connecting Harford County to Baltimore City’s downtown business district, the building benefits from an average annual daily traffic volume of 21,423 vehicles, ensuring consistent visibility for commercial tenants and strong demand for mixed-use space. The existing first-floor tenant provides stable cash flow during planning, permitting, or phased renovation.
Investment Summary:
$175,000
$106 Per Sq. Ft.