Income-producing property generating $6,706/month with an 8% cap rate, and projected to reach 10.5%+ with value-add improvements. Located on a high-traffic corner at 1234 and 1236 W Pratt St, this 4,860 sq. ft. building is fully leased to two strong tenants: King Tire and Auto Shop (10-year lease at $4,700/month through 5/31/2036) and TJ Mart convenience store (3-year lease at $2,060/month through 5/31/2028 with 3% annual increases and self-funded buildout). Two unused upper-level spaces offer additional income potential of $2,000+/monthone above the 3-bay garage, ideal for an apartment or salon, and one above the tire shop, perfect for a studio, storage, or office. Additional features include parking for 11+ vehicles, high bay ceilings, three bathrooms, zoned central air, and dual access from Pratt and Carey Streets. Positioned across from Mount Clare Junction Shopping Center and under 1.5 miles from I-95, I-395, and I-295, this two-parcel property offers stable returns today with room to grow.
Presented By: ExecuHome Realty
Interior Features for 1236 W Pratt Street
Bathrooms
Total Restrooms3
Other Interior Features
Central Air Y/NYes
FlooringConcrete
Heating FuelNatural Gas
Heating Y/NYes
Hot WaterNatural Gas
General for 1236 W Pratt Street
Acceptable FinancingConventional
AccessibilityNone
Business TypeAuto Related
Cap Rate7.68
CityBALTIMORE
Construction MaterialsBrick
Cool FuelElectric
CoolingCentral A/C
CountyBALTIMORE CITY
DirectionsLocated at intersection of Carey and Pratt St. One block passed Mt. Clair Junction Shopping Mall and across the street from the Section 8 housing offices.
Exclusions2 vehicle lifts. ( model 10K0H-HW 10 BP =10, 000 lb.) Sold separately.
Gross Income81120.00
Heating90% Forced Air
Lease Considered Y/NYes
Legal SubdivisionWard 18
Lot Size Square Feet5140.00
Lot Size UnitsSquare Feet
ModificationTimestamp2025-06-24T09:49:26
MunicipalityBaltimore City
Net Operating Income53769.00
New ConstructionNo
Number Of Units Total2
Operating Expense27351.00
OwnerPaysTaxes - Real Estate, Insurance, Electricity, Gas, Water
OwnershipFee Simple
PossessionSettlement
Price Per Sq Ft Total AG161.57
Property ConditionGood
Property SubtypeRetail
Property TypeCommercial Sale
Property UseInvestment
RoofRubber, Flat
SewerPublic Sewer
Standard StatusActive
StatusACTIVE
Tax Annual Amount3515.0
Tax Assessed Value148933.0
Tax Lot018
Tax Year2024
Total Actual Rent81120.00
TransportationBus Stop less than 1 mile, Metro/Subway Station 1 to 3 miles, Airport less than 10 miles, Commuter Rail Station 1 to 5 miles
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