Skip To Content

4000 Park Heights Avenue

BALTIMORE, MD 21215
  • $799,900
  • STATUS: Active
  • ON SITE: 57 Days
  • ID#: MDBA2044212
UPDATED: 29 min ago
$799,900
  • 0
    BEDS
  • 0.35
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Commercial
Built:
1970
County:

School Ratings & Info

Description

Retail building approximately 8,000 SF with a 4,000 SF basement. Main level is about 8,000 SF with 4,000 SF occupied by owner-occupied/run convenience store for sale at $400,000 (WHICH MUST ALSO BE PURCHASED WITH THE REAL ESTATE - THE TWO CANNOT BE SOLD SEPARATELY). The store is averaging $75,000 gross sales/month. In addition, the owner collects an average of $4,000/month in ATM fees, $3,000/month in Keno and Lottery commission . The 4,000 SF balance of the main level is a vacant space(in that vacant space there are two three-compartment sinks, two bathrooms, a brand new commercial hood and a working conveyor belt from basement to main level). The basement is a large, dry, wide-open 4,000 SF space with 10' ceilings. Formerly a Save-A-Lot grocery store this could be a great opportunity for an investor or owner occupant (laundromat, deli, grocery store; convenience store; dollar-store). Even leasing the remaining vacant space and perhaps even the basement at below-market rates at $10/SF the CAP rate could easily exceed a 10 and almost approach a 20. Too good to be true? It's not! Vacant spaces are also currently listed for lease.

Monthly Payment Calculator



©2022 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or EXIT Realty Enterprises. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2022-07-03T16:51:27.897.
www.exitrealtyenterprises.com/homes/128465857
Print Image

4000 Park Heights Avenue BALTIMORE, MD 21215

  • Price: $799,900
  • Status: Active
  • On Site: 57 Days
  • Updated: 29 min ago
  • ID#: MDBA2044212
0
Beds
0
Baths
0
½ Baths
0.35
Acres
1970
Built
County:
Baltimore City
School District:
Baltimore City Public Schools
Property Description
Retail building approximately 8,000 SF with a 4,000 SF basement. Main level is about 8,000 SF with 4,000 SF occupied by owner-occupied/run convenience store for sale at $400,000 (WHICH MUST ALSO BE PURCHASED WITH THE REAL ESTATE - THE TWO CANNOT BE SOLD SEPARATELY). The store is averaging $75,000 gross sales/month. In addition, the owner collects an average of $4,000/month in ATM fees, $3,000/month in Keno and Lottery commission . The 4,000 SF balance of the main level is a vacant space(in that vacant space there are two three-compartment sinks, two bathrooms, a brand new commercial hood and a working conveyor belt from basement to main level). The basement is a large, dry, wide-open 4,000 SF space with 10' ceilings. Formerly a Save-A-Lot grocery store this could be a great opportunity for an investor or owner occupant (laundromat, deli, grocery store; convenience store; dollar-store). Even leasing the remaining vacant space and perhaps even the basement at below-market rates at $10/SF the CAP rate could easily exceed a 10 and almost approach a 20. Too good to be true? It's not! Vacant spaces are also currently listed for lease.
Exterior Features

Construction Materials BlockBatts InsulationBrick Front Garage YN No Parking Types Parking Lot Riparian Rights YN No Water Access YN No Water Oriented YN No Water View YN No Waterfront YN No

Interior Features

Building Area Total 12000.00 Cooling Heat Pump(S) Heating Heat Pump(S) Heating YN Yes Net Square Feet 15229.00

Property Features

Accessibility Features 2+ Access Exits Assessment Year 2021 Business Type Cold StorageConvenience Store/GasHair Salon And SpaHealth ClubMedicalOther/General RetailProfessionalRestaurant/BarStorageSupermarket/Grocery Store Central Air YN No Cooling Fuel Electric Heating Fuel Electric Historic YN No Hot Water Electric Lease Considered YN Yes Municipality Baltimore City Navigable Water YN N New Construction YN No Original MLSNumber 801545873120 Ownership Interest Fee Simple Possession Immediate Property Sub Type Retail Sale Type Standard Sewer Public SewerPublic Septic Tax Annual Amount 15272.00 Tax Assessment Amount 659967.00 Tax Lot 001 Vacation Rental YN No Water Source Public Zoning R-6

Listing courtesy of Keller Williams Flagship Of Maryland.


©2022 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or EXIT Realty Enterprises. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2022-07-03T16:51:27.897.
 
https://bt-photos.global.ssl.fastly.net/brightmls/orig_boomver_1_801545873120-2.jpg https://bt-photos.global.ssl.fastly.net/brightmls/orig_boomver_1_801545873120-2.jpg https://bt-photos.global.ssl.fastly.net/brightmls/orig_boomver_1_801545873120-2.jpg
Logo
EXIT Realty Enterprises
8701 Georgia Avenue, Suite 509
Silver Spring MD, 20910