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7231 Harford Rd 2,650 SF 33% Leased Retail Building Baltimore, MD 21234 $300,000 ($113.21/SF) 9.20% Cap Rate
INVESTMENT HIGHLIGHTS
- Great for an owner occupant business owner trying to reduce monthly operational expenses from the potential gross income from the other units
- Great foot traffic and co-tenancy from other retailers to bring customers
- Potential Stabilization opportunity
- Highly trafficked road on Harford Rd
EXECUTIVE SUMMARY
AHRG is pleased to present 7231 Harford Rd . This is a 3-unit mixed-use retail property with 2 retail spaces and an apartment upstairs with 2 bedrooms and 1 bath. With , over 15,000 vehicles per day passing this road daily this gives any retailer or business that occupies the building great traffic exposure. Currently, the basement is leased to a hair salon, while the apartment and first-level storefront are vacant and ready to be leased. This brings a great stabilization opportunity for a new operator to fully lease and hold the building as an income-producing asset. The gross proforma rent when fully leased is around 3700 dollars monthly. Which would potentially be a $44,400 dollars in annual gross rent. Schedule your tour today to see why this is an excellent investment!!
PROPERTY FACTS
Sale Type
Investment or Owner User
Sale Condition
Build to Suit
Property Type
Retail
Property Subtype
Building Size
2,650 SF
Building Class
C
Year Built
1924
Price
$300,000
Price Per SF
$113.21
Cap Rate
9.20%
NOI
$27,600
Percent Leased
33%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.52
Lot Size
0.04 AC
Zoning
C-1 - In Baltimore City, the C-1 Neighborhood Business District is intended for commercial uses serving the immediate neighborhood
Frontage
16’ on Harford Rd
Walk Score®
Very Walkable (86)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 5542-011C | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $154,433 |
PROPERTY TAXES
Parcel Number
5542-011C
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$154,433
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7231 Harford Rd
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