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5900 YORK ROAD, BALTIMORE, MD 21212
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$2,445,000
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Home Details for 5900 YORK ROAD
Price
$2,445,000
Type
Commercial/Industrial
Year Build
1958
County
BALTIMORE CITY
Tax
$31,766
MLS®️ Listing#
MDBA2171492
On exitrealty.com
149 days
Property Description
This 27-unit mixed-use property, with only one vacant unit, presents a compelling investment opportunity, boasting an 11% cap rate from day one. The property features under-market rents, providing new ownership the ability to increase income and enhance returns further. With significant potential for rental growth, this asset offers an immediate chance to add substantial value.
Strategically located near major transit lines, the property benefits from proximity to prominent institutions, including Loyola University Maryland, Johns Hopkins University, Johns Hopkins Hospital, and MedStar Union Memorial Hospital, driving strong tenant demand. The surrounding area is rich with amenities, including major banks such as PNC Bank, Wells Fargo, and Bank of America, as well as convenient shopping destinations like The Rotunda Shopping Center and Towson Town Center.
The two-story building comprises a mix of retail and office spaces, complemented by dedicated parking in the back. Recent improvements, including a newly updated roof, ensure minimal maintenance costs for years to come. Additionally, the property’s Enterprise Zone designation provides valuable tax advantages, further enhancing its appeal to investors.
- Heating Information
- Natural Gas
- Forced Air
- Parking
- On Street
- Parking Lot
- Cooling Information
- Central Air
- Water Features
- Public
- Utilities
- Water Available
Listing Courtesy: Midfield Realty - 410-498-5408
The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which EXIT Realty participates, and is provided by BRIGHT through a licensing agreement. The information provided by this website is for the personal, non-commercial use of consumers 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 on this website may no longer be available because they are under contract, have closed or are no longer being offered for sale. Information Deemed Reliable But Not Guaranteed. Copyright ©2025 Bright MLS. All rights reserved.
Last Updated: 2025-09-05 08:06:49
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EXIT ON THE HARBOR REALTY
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