MD > Baltimore
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
Baltimore, MD 21223,1236 W PRATT ST
Baltimore, MD 21223,1236 W PRATT ST
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Erica Wright

Erica Wright

+1(215) 264-7961
Listed by Dimitrios Lynch • ExecuHome Realty
$ 699,900
Est. payment | /mo

5,140 Sqft Lot

Save
$ 699,900
Est. payment | /mo
Save

5,140 Sqft Lot

Key Details

Property Type Commercial

Sub Type Retail

Listing Status Active

Purchase Type For Sale

MLS Listing ID MDBA2111524

Year Built 1920

Annual Tax Amount $3,515

Tax Year 2024

Lot Size 5,140 Sqft

Acres 0.12

Property Sub-Type Retail

Source BRIGHT

Property Description

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.

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

Acceptable Financing Conventional

Listing Terms Conventional

Financing Conventional

Special Listing Condition Standard

Bright MLS (BMLS)

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1236 W PRATT ST

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