MD > Baltimore
Baltimore, MD 21223,1236 W PRATT ST
Baltimore, MD 21223,1236 W PRATT ST
Baltimore, MD 21223,1236 W PRATT ST
Baltimore, MD 21223,1236 W PRATT ST
Baltimore, MD 21223,1236 W PRATT ST
Baltimore, MD 21223,1236 W PRATT ST
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Joe Martin

Joe Martin

+1(561) 716-5970
Listed by Dimitrios Lynch • ExecuHome Realty
$ 699,900
Est. payment | /mo

4,332 SqFt

Save
$ 699,900
Est. payment | /mo
Save

4,332 SqFt

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

Year Built 1920

Annual Tax Amount $3,515

Tax Year 2024

Lot Size 5,140 Sqft

Acres 0.12

Property Sub-Type Retail

Source BRIGHT

Property Description

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+/month—one 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.

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

Bright MLS (BMLS)
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+1(561) 716-5970

joe@menkitigroup.com

3401 8th St NE, Washington, DC, 20017, USA

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1236 W PRATT ST