1236 W Pratt St - Auto Repair FOR SALE


Baltimore, MD 21223- Hollins Park
$699,000 USD
410-960-2949
1236 W Pratt St, Baltimore, MD for Sale
$699,000 USD
Auto Repair - FOR SALE
1/32
null | 9.05% Cap Rate

1236 W Pratt St
Baltimore, MD 21223
Hollins Park


HIGHLIGHTS

  • $6,500/m Income with Value Add Potential!
  • Hands off Commercial Tennants
  • High Traffic Intersection

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$699,000 USD

PRICE/SF

$144 USD /SF

CAP RATE

9.05%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Auto Repair

ADD'L SUBTYPES

Storefront

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1940

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.12 AC

LAND SF

5,227 SF

ZONING

C-1 & R-8

APN/PARCEL ID

0249-018

ASK ABOUT THIS PROPERTY

Dimitrios LynchThe Lazarz-Lynch TeamMore Info
410-960-2949

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Dimitrios LynchThe Lazarz-Lynch TeamMore Info
410-960-2949

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.