MD > Baltimore
Baltimore, MD 21223,1236 W PRATT ST
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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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Tamika R. Johnson

Tamika R. Johnson

+1(240) 602-4348
$ 699,900
Est. payment /mo
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1236 W PRATT ST Baltimore, MD 21223

4,332 SqFt

UPDATED:

01/17/2025 09:56 PM

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

Originating Board BRIGHT

Year Built 1920

Annual Tax Amount $3,515

Tax Year 2024

Lot Size 5,140 Sqft

Acres 0.12

Property Description

UPDATE: 9% CAP RATE plus value-add opportunity! The owner has turned this property around, and it is now a stable income-producing asset, fully leased and generating $6,500/month, with two vacant spaces that could increase cash flow by approximately $2,500/month. Tenants include an automotive repair business with a tire shop on a 2-year lease and a TJ Mart convenience store that completed significant tenant-paid improvements before moving in last year. Situated at a high-traffic corner on Pratt Street, this property features 4,860 sq. ft. of above-ground space, with the automotive business occupying a single-bay garage for the tire shop and a 3-bay garage for car repairs. The value-add opportunity includes two additional upstairs spaces: one above the 3-bay garage that could be converted into an apartment or hair salon, and another above the tire shop suitable for a print studio, storage, or other uses. Amenities include off-street parking for 11+ vehicles, separate entrances from Pratt and Carey Streets, high bay ceilings, zoned central air, and three bathrooms. Consisting of two parcels—1234 W Pratt St and 1236 W Pratt St—being sold together, this property offers exceptional cash flow today and significant potential for increased performance. Located across from Mount Clare Junction Shopping Mall and less than 1.5 miles from I-95, I-395, and I-295, it offers excellent accessibility for high-volume businesses. Don't miss out—schedule your tour today!

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)
Listed by Dimitrios Lynch • ExecuHome Realty
agent

Tamika R. Johnson

Broker Associate | License ID: 607079

+1(240) 602-4348

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1236 W PRATT ST

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