4101 Wilkens Ave - Storefront Retail/Residential FOR SALE


Baltimore, MD 21229
$600,000 USD
443-618-2585
4101 Wilkens Ave, Baltimore, MD for Sale
$600,000 USD
Storefront Retail/Residential - FOR SALE
1/10
null | 14.17% Cap Rate

4101 Wilkens Ave
Baltimore, MD 21229


HIGHLIGHTS

  • MIxed use with great tenant diversity

OVERVIEW

SALE IS CONTINGENT UPON COMPLETION OF A SUBDIVISION. This approximately 3,471 SF primary building sits on roughly 8,400 SF of BL-zoned property and offers a diverse mixed-use investment opportunity with a total of six potential tenant spaces. The upper level features a leased two-bedroom residential apartment providing stable rental income. The main level consists of three commercial spaces, including a leased diabetic supply store and a retail showroom currently offering furniture, electronics, bedding, and related merchandise. Two additional basement-level spaces remain in shell condition, presenting value-add potential for future buildout and increased income generation. Also available for purchase is the adjacent secondary building, an approximately 454 SF standalone structure currently leased and operating as a deli/convenience store. Both buildings have undergone extensive renovations, with the exception of the unfinished basement spaces. Improvements include new electrical systems, HVAC, plumbing, walls, flooring, lighting, and more. Purchase the primary building individually or capitalize on the opportunity to acquire both properties together. Strong income potential with an attractive cap rate and upside through lease-up and future improvements.

FOR SALE DETAILS

PRICE

$600,000 USD

PRICE/SF

$57 USD /SF

CAP RATE

14.17%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1897

SPRINKLERS

-

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.32 AC

LAND SF

13,939 SF

ZONING

BL

APN/PARCEL ID

13-1302202150

ASK ABOUT THIS PROPERTY

Sam TannerThe Entrusted Group at KW CommercialMore Info
443-618-2585

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Sam TannerThe Entrusted Group at KW CommercialMore Info
443-618-2585

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