Baltimore, MD 21223 1236 W Pratt Street

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Presented By: ExecuHome Realty
  • MLS# MDBA2111524
  • 02/06/2024
  • Request Tour
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  • SQFT • 4,332

Home Details

UPDATE: 9% CAP RATE plus value-add opportunity! The owner has turned this property around, and it is now a stable income-producing asset, fully leased and generating $6,500/month, with two vacant spaces that could increase cash flow by approximately $2,500/month. Tenants include an automotive repair business with a tire shop on a 2-year lease and a TJ Mart convenience store that completed significant tenant-paid improvements before moving in last year. Situated at a high-traffic corner on Pratt Street, this property features 4,860 sq. ft. of above-ground space, with the automotive business occupying a single-bay garage for the tire shop and a 3-bay garage for car repairs. The value-add opportunity includes two additional upstairs spaces: one above the 3-bay garage that could be converted into an apartment or hair salon, and another above the tire shop suitable for a print studio, storage, or other uses. Amenities include off-street parking for 11+ vehicles, separate entrances from Pratt and Carey Streets, high bay ceilings, zoned central air, and three bathrooms. Consisting of two parcels1234 W Pratt St and 1236 W Pratt Stbeing sold together, this property offers exceptional cash flow today and significant potential for increased performance. Located across from Mount Clare Junction Shopping Mall and less than 1.5 miles from I-95, I-395, and I-295, it offers excellent accessibility for high-volume businesses. Dont miss outschedule your tour today!
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 Rate9.03
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.
Exclusions4 vehicle lifts. ( model 10K0H-HW 10 BP =10, 000 lb.) Sold separately.
Gross Income78000.00
Heating90% Forced Air
Insurance Expense9600.00
Lease Considered Y/NYes
Legal SubdivisionWard 18
Lot Size Square Feet5140.00
Lot Size UnitsSquare Feet
ModificationTimestamp2025-01-17T17:56:43
MunicipalityBaltimore City
Net Operating Income63232.00
New ConstructionNo
Number Of Units Total2
Operating Expense10600.00
OwnerPaysTaxes - Real Estate, Advertising/Licenses and Permits, Management
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 Rent78000.00
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
Vacation Rental Y/NNo
Water Access Y/NNo
Waterfront Y/NNo
Year Built1920
Year Built SourceAssessor
ZoningR-8

Exterior for 1236 W Pratt Street

Building Area Total4332.00
Car Parking Spaces11
Land Assessed Value82200.00
Land Use CodeC
Lot Size Acres0.12
Lot Size SourceAssessor
Navigable Water Y/NNo
Parking FeaturesPaved Parking, Private
Total Loading Docks0
Total Parking Spaces11
Type of ParkingParking Lot
Water Oriented Y/NNo
Water SourcePublic
Water View Y/NNo

Additional Details

Price History

Rachel Shepherd

Price $699,900
MLS#MDBA2111524
List Date 02/06/2024
Property Type Commercial
Phone 703.929.4729
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