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1236 W Pratt Street Baltimore, MD $ 699,900
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$ 699,900 Get more info
1236 W Pratt Street
$ 699,900
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Share Save

1236 W Pratt Street

Baltimore, MD, 21223
$ 699,900
Bedrooms-- Baths-- Sq 4,332

Monthly Estimate*

$ 4,366

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Commercial Property for sale in Baltimore, MD

for $699,900. This 4,332 square foot building was built in 1920 on a lot size of 0.12.

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+/monthone 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.

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Commercial Active

Price

$ 699,900

Property Type

Commercial

Taxes

$ 3,515

Style

Auto Related

Lot Size

0.12

Year Built

1920

Town/City

Baltimore

County/Region

Baltimore City

MLS | Web ID

MDBA2111524
Features
Interior
Heating Fuel Natural Gas
Flooring Concrete
Hot Water Natural Gas
Heating Y/N Y
Central Air Y/N Y
Total Restrooms 3
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General
Sewer Public Sewer
Heating 90% Forced Air
Cooling Central A/C
Possession Settlement
Roof Rubber Flat
Zoning R-8
Construction Materials Brick
Exclusions 2 vehicle lifts. ( model 10K0H-HW 10 BP =10 000 lb.) Sold separately.
Year Built 1920
Property Subtype Retail
Tax Year 2024
Ownership Fee Simple
Cool Fuel Electric
Municipality Baltimore City
Gross Income 81120.00
Business Type Auto Related
Accessibility None
County BALTIMORE CITY
Net Operating Income 53769.00
Operating Expense 27351.00
New Construction N
Property Type Commercial Sale
Water Access Y/N N
Status ACTIVE
Directions Located at intersection of Carey and Pratt St. One block passed Mt. Clair Junction Shopping Mall and across the street from the Section 8 housing offices.
City BALTIMORE
Number Of Units Total 2
Lot Size Units Square Feet
Lot Size Square Feet 5140.00
Tax Annual Amount 3515.0
Property Condition Good
Price Per Sq Ft Total AG 161.57
Acceptable Financing Conventional
Lease Considered Y/N Y
Vacation Rental Y/N N
Standard Status Active
Year Built Source Assessor
Legal Subdivision Ward 18
Tax Lot 018
Total Actual Rent 81120.00
Cap Rate 7.68
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Exterior
Parking Features Paved Parking Private
Water Source Public
Type of Parking Parking Lot
Water View Y/N N
Building Area Total 4332.00
Lot Size Acres 0.12
Lot Size Source Assessor
Waterfront Y/N N
Land Assessed Value 82200.00
Navigable Water Y/N N
Water Oriented Y/N N
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Internal Only
Street Number 1 1236
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* Excluded Features
List By
Execuhome Realty

Broker

myhome@lazarz-lynch.com

Email

Affordability Calculator

$4,659
Per Month
94%
6%
0%
Monthly Principal & Interest
$4,366
Monthly Property Taxes
$293
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
2136830 Elementary School
2137124 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
2/7/2024$650,000 Listed Price

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1236 W Pratt Street, Baltimore, MD, 21223 is a Commercial Property for sale at $699,900 with 4,332 sqft and a lot size of 0.12. 1236 W Pratt Street was built in 1920. The property's zip code is 21223 which is in Baltimore, MD

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