W Belvedere Ave 2 Retail Properties Offered at $2,999,999 in Baltimore, MD

Property Overview:
Belvedere Plaza is a neighborhood retail shopping center strategically positioned along the W. Belvedere Avenue corridor in Northwest Baltimore. The property consists of approximately 46,116 square feet of multi-tenant retail space situated on approximately 2.70 acres with ample surface parking and excellent visibility.
Location & Accessibility:
The center benefits from direct frontage on W. Belvedere Avenue and is conveniently located near Park Heights Avenue and major transportation routes. The property is less than one mile from the Rogers Avenue Metro Station and serves a densely populated residential trade area.
Trade Area Demographics:
• Population within 1 mile: Approximately 23,900 residents
• Population within 3 miles: Approximately 155,600 residents
• Households within 3 miles: Approximately 63,300 households
• Median Household Income (3-mile radius): Approximately $63,850
Few stores are currently occupied
Investment Highlights:
• ±46,116 SF neighborhood shopping center
• ±2.70-acre site with significant parking field
• C-3 Commercial zoning allowing a wide range of retail and commercial uses
• Strong visibility and accessibility along a heavily traveled corridor
• Dense surrounding residential population supporting neighborhood retail demand
• Potential repositioning opportunity for retail, entertainment, grocery, fitness, medical, or mixed-use concepts
• Located within the Baltimore-Columbia-Towson MSA
Potential Value-Add Opportunities:
• Lease-up of vacant space and tenant repositioning
• Redevelopment or adaptive reuse opportunities
• Entertainment, family recreation, banquet/event, or specialty retail conversion potential
• Opportunity to modernize façade and improve tenant mix to increase NOI and long-term value.
The property represents an attractive value-add retail investment opportunity in a supply-constrained urban market with strong demographics and long-term redevelopment potential.