MD > Baltimore
Baltimore, MD 21212,5900 YORK ROAD
Baltimore, MD 21212,5900 YORK ROAD
Baltimore, MD 21212,5900 YORK ROAD
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William Kauffman

William Kauffman

Cummings and Company Realtors

+1(443) 722-4577
$2,445,000
Est. payment /mo
17,100 SqFt
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UPDATED:

09/30/2024 05:16 PM

Key Details

Property Type Commercial

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

Square Footage 17,100 sqft

Price per Sqft $142

MLS Listing ID MDBA2132168

Originating Board BRIGHT

Year Built 1958

Annual Tax Amount $31,765

Tax Year 2024

Property Description

**Subject to Offer - This post needs to include the ideal asking price, but the property is open to offers.**

The retail and office property at 5900 York Road, Baltimore, MD 21212, offers compelling investment highlights. Situated on a prominent thoroughfare with high visibility and accessibility, the property benefits from a diverse surrounding area encompassing residential, retail, and commercial developments, ensuring consistent foot traffic and customer demand. Key nearby amenities include major banks such as PNC Bank, Wells Fargo Bank, and Bank of America, alongside popular grocery stores like Giant Food, ALDI, and The Fresh Market, and prominent shopping centers such as The Rotunda Shopping Center, Towson Town Center, and Mondawmin Mall. This mixed-use property features a versatile layout comprising office spaces equipped with a receptionist area, director's office, multiple employee offices, conference rooms, storage areas, and common areas. The property operates under a double net lease, providing stability and predictable income streams for investors.

Strategically, the property presents significant opportunities for value enhancement through targeted renovations and operational improvements. By enhancing tenant spaces and upgrading amenities, including its comprehensive office setup, the property can attract higher-paying tenants, thereby increasing rental income and overall property value. Effective property management practices will optimize operational efficiency, leading to reduced expenses and increased Net Operating Income (NOI). Positioned within a robust and growing Baltimore market characterized by strong economic fundamentals and increasing consumer spending, the property is well-positioned to deliver attractive long-term returns for investors looking to capitalize on the region's ongoing development and commercial activity.

**Subject to Offer - This post needs to include the ideal asking price, but the property is open to offers.**

Location

State MD

County Baltimore City

Zoning B-2-2

Interior

Hot Water Other

Heating Forced Air

Cooling Central A/C

Heat Source Electric, Natural Gas

Exterior

Waterfront N

Water Access N

Roof Type Asphalt

Street Surface Access - Above Grade

Accessibility None

Road Frontage City/County, State

Parking Type None

Garage N

Building

Sewer Public Sewer

Water Public

New Construction N

Schools

Elementary Schools Govans

High Schools Heritage

School District Baltimore City Public Schools

Others

Tax ID NO TAX RECORD

Ownership Other

Special Listing Condition Standard

Read Less Info
Bright MLS (BMLS)
Listed by Menachem M. Dalfin • Midfield Realty

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