4101 Clifton AveBaltimore, MD 21216

For Sale
$500,000

High-potential retail property, six units.

Overview

Added:
Dec 11, 2024
Days on market:
92
This exceptional Baltimore, MD storefront investment opportunity presents a unique chance to acquire a mixed-use property with significant upside potential. Located at 4101 Clifton Ave, 21216, this 4,895 square foot, single-story building sits on a 0.11-acre corner lot and boasts a permitted B022 zoning. Built in 1930, the property currently features six spaces, with only two occupied. The current tenants include a convenience store paying $750/month plus a pro-rata share of water ($38), and an office space generating $1,100/month in rent. Historically, the property has housed a deli ($1,100/month), a pawn shop ($2,000/month), and other businesses. Three vacant spaces offer immediate opportunities to increase revenue. One vacant space is a warm-lit shell, potentially leasable for $1,000/month, and could be combined with an adjacent space. Another vacant space is also a warm-lit shell, ready for a new tenant. The asking price is $500,000, representing a $102.15 price per square foot and a 10% cap rate based on full occupancy. The current occupancy is 25%, leaving substantial room for growth. The property is offered as a NNN lease, with a remaining lease term of 3 years on one of the occupied spaces. Potential uses for the spaces are diverse, including general office space, deli, convenience store, barbershop, nail or hair salon, animal hospital/clinic, art studio/gallery, healthcare clinic, health and fitness center, and restaurant. This property is an ideal investment for those seeking a high-return opportunity in a prime Baltimore location.

Highlights

  • High-yield corner property with six potential rental spaces.
  • Currently occupied convenience store at 2016 Dennison generating $750/month plus $38 in water.
  • Vacant former deli space at 2018 Dennison, previously leased at $1,100/month.
  • Move-in ready space available at 2020 Dennison.
  • Former pawn shop space at 3401 Clifton, previously leased at $2,000/month (includes 2020 Dennison and 3401 1/4 Clifton).
  • Vacant, move-in ready space at 3401 1/4 Clifton, offering 1,000/month rental potential or potential for expansion of adjacent space.

Property Details for 4101 Clifton Ave

Property type
Other retail properties, Individual retail properties
Square Feet
4,895 SF
Year Built
1930
Stories
1
Lot Size (sq. ft)
4,792 SF

Location Insight

City
Baltimore
County
Baltimore City
State
Maryland
Latitude
39.3120159
Longitude
-76.6507582
4101 Clifton Ave, Baltimore, Maryland

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4101 Clifton Ave
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