1236 W PRATT ST Active Save Request In-Person Tour Request Virtual Tour
Baltimore,MD 21223
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
Property Sub-Type Retail
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
Exterior
Garage Spaces 11.0
Water Access N
Roof Type Rubber,Flat
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Baltimore City Public Schools
Others
Acceptable Financing Conventional
Listing Terms Conventional
Special Listing Condition Standard