1236 W PRATT ST Active Save Request In-Person Tour Request Virtual Tour
Baltimore,MD 21223
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
Square Footage 4,332 sqft
Price per Sqft $161
MLS Listing ID MDBA2111524
Originating Board BRIGHT
Year Built 1920
Annual Tax Amount $3,515
Tax Year 2024
Lot Size 5,140 Sqft
Acres 0.12
Property Description
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 parcels—1234 W Pratt St and 1236 W Pratt St—being 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. Don't miss out—schedule your tour today!
Location
State MD
County Baltimore City
Zoning R-8
Interior
Hot Water Natural Gas
Cooling Central A/C
Flooring Concrete
Heat Source Natural Gas
Exterior
Garage Spaces 11.0
Water Access N
Roof Type Rubber,Flat
Accessibility None
Total Parking Spaces 11
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Baltimore City Public Schools
Others
Tax ID 0318070249 018
Ownership Fee Simple
SqFt Source Assessor
Acceptable Financing Conventional
Listing Terms Conventional
Financing Conventional
Special Listing Condition Standard