Address
3828 Eastern Avenue Baltimore, MD
Price
$ 1,200,000
Property Attributes
  • MLS#MDBA529040
  • TypePending
  • CountyBALTIMORE CITY
  • CityBaltimore
  • Zip21224
  • StyleGeneral Retail
  • Year Built1910
  • Taxes12205
  • Price$ 1,200,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage15748
  • Lot Size11,326 SqFt
Listing Provided Courtesy Of:
Douglas Realty, LLC.
Property Description

Amazing opportunity to purchase this income producing property that has been in the same family for over ninety years. Located in one of Baltimore's most storied shopping districts on Eastern Avenue in the heart of the Highlandtown / Canton / Brewers Hill communities. Formerly the site of Brozer's Department Store, this property has been leased by Dollar General since 2000. The current tenant offers stable rental income while the location offers a strong potential upside for the buy and hold investor. The Dollar General lease has been extended for a five year term set to expire 12/31/2025 and generates annual gross revenue of $62,500.00+ per year. Triple net lease shifts the taxes, insurance and most maintenance to the tenant. New roof installed in 2017, and packaged rooftop units installed in 2015, make this a virtually maintenance free investment. Possible value add opportunity in the huge unused basement of the property. The property is bracketed by Johns Hopkins Bayview campus to the east and Fells Point and Inner Harbor East to the west. Nearby development projects of note are the headquarters of Barcoding one block to the north on Bank Street, Yard 56 on Eastern Avenue, the 65 unit Highland Haus Apartments on Eastern Avenue and the 365 unit ALTA Brewers Hill Apartments on O'Donnell Street.

Price History
10/24/2020 Listed $1,200,000

General Features

Accessibility Level Entry - Main, Other
Business Type Other/General Retail
Construction Materials Brick
Cool Fuel Natural Gas
Cooling Central A/C
County BALTIMORE CITY
Heating Forced Air
Legal Subdivision Ward 26
New Construction No
Ownership Fee Simple
Possession Settlement, Subject to Existing Lease
Price Per Sq Ft 76.2
Property SubType Retail
Property Type Commercial Sale
Real Estate Owned Y/N No
Section 10
Sewer Public Sewer
Tax Annual Amount 12205.0
Tax Lot 012
Tax Year 2019
Total Units 1
Vacation Rental Y/N No
Water Access Y/N No
Zoning C-1

Interior Features

Central Air Y/N Yes
Heating Fuel Natural Gas
Heating Y/N Yes
Hot Water Electric

Exterior Features

Building Area Total 15748.75
Lot Size Acres 0.26
Lot Size Source Assessor
Lot Size Square Feet 11543.00
Navigable Water Y/N No
Type of Parking On Street
Water Oriented Y/N No
Water Source Public
Water View Y/N No
Waterfront Y/N No

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 21224

Price
AVG $260K
$1.2M
Taxes
AVG $4,454
$12,205
Visits
AVG 69
35
Year Built
AVG 1931
1910
Walkscore
AVG 83
94
Data Provided by Walkscore ® not using MLS data

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