3402 Belair Rd - Retail FOR SALE


Baltimore, MD 21213- Belair-Edison
$619,000 USD
240-731-8935
3402 Belair Rd, Baltimore, MD for Sale
$619,000 USD
Retail - FOR SALE
1/21
null | 10.86% Cap Rate

3402 Belair Rd
Baltimore, MD 21213
Belair-Edison


HIGHLIGHTS

  • Foot Traffic and Exposure
  • Ample Parking Capacity
  • Signage Opportunities

OVERVIEW

High-Visibility Commercial Strip Center – 3400-3402 Belair Road- Recently reduced! Executive Summary: Presenting an exceptional opportunity to acquire a versatile commercial asset located in a robust Baltimore retail corridor. Spanning 4,661 square feet, this commercial strip center offers significant visibility and potential for owner-occupants seeking a high-traffic footprint in Baltimore, MD. The property features a long-term lease through 2030, with renew options with Bank of America for an ATM. Lease payments per month is $1,812 per month. Owner's suite to be offered vacant. The recently renovated owner's suite features: 7 offices, 2 larger group/counseling areas, a conference room, a lounge, a break room, a storage room, 4 restrooms, one with a shower. Property Highlights Address: 3400-3402 Belair Road, Baltimore, MD 21213 Property offered, "As-Is" Total Building Size: 4,661 SF Property Type: Commercial Retail / Strip Center Strategic Positioning: Situated along a major thoroughfare, ensuring maximum exposure to the local consumer base. Amenities & Strategic Details Traffic & Exposure: Benefit from high vehicle and foot traffic volume. Traffic Count: Approximately 21,500 Vehicles Per Day on Belair Rd Parking Capacity: Ample onsite parking available to support diverse business operations. 10 parking spaces in the rear with a private entrance and exit from the rear of the building. Ample street parking, accessible by bus. Zoning: C-1 Classification, providing flexibility for a wide range of retail or business uses. (Buyer to verify intended use with Baltimore City). Buyer is responsible for all Maryland Transfer tax, City/County Recordation and Transfer Tax. Accessibility: Conveniently located with quick access to I-695, I-95, and 895, downtown Baltimore, and major commuter routes. Signage: Excellent branding potential with building and front door signage. Investment Potential: This property is ideally configured for a variety of uses, including retail storefronts, service-based businesses, or professional offices. The building's layout allows for excellent use by a Behavioral Health company or medical office. Leasing rates average between $16-18 PSF NNN for this type of space, creating either an owner's suite with Bank of America contributing toward your mortgage or a significant investment at a 10.39% cap.

FOR SALE DETAILS

PRICE

$619,000 USD

PRICE/SF

$133 USD /SF

CAP RATE

10.86%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

3400-3402 Belair Road

PROPERTY TYPE

Retail

ADD'L SUBTYPES

Storefront Retail/Office, Medical

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1920

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

C-1

APN/PARCEL ID

4154-075

ASK ABOUT THIS PROPERTY

Will FergusonThe Ferguson GroupMore Info
240-731-8935

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Will FergusonThe Ferguson GroupMore Info
240-731-8935

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