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3401 Clifton Ave

4,895 SF Vacant Retail Building Baltimore, MD 21216 $500,000 ($102/SF) 12.12% Cap Rate

Retail Buildings Maryland Baltimore 3401 Clifton Ave, Baltimore, MD 21216

Executive Summary

Corner property with a total of potentially six separate spaces. Only three of the spaces are occupied: net operating income and cap rate based upon filling all vacancies. (1) 2016 Dennison: Current tenant is a convenience store paying $750/month for rent (+$38 for their pro-rata share of the water); (2) 2018 Dennison: deli leased for $1,100/month; (3) 2020 Dennison: warm lit shell available for lease (4) 3401 Clifton: pawn shop previously rented for $2,000/month (included 2020 Dennison + 3401 1/4 Clifton); (5) 3401 1/4 Clifton: Warm-lit shell: vacant but could be leased for $1,000/month (or could be added to pawn shop) and (6) 3401 1/2 Clifton: office space: occupied and paying $1,100/month. Uses include general office space, deli, convenience store, barbershop, nail or hair salon, animal hospital/clinic, art studio/gallery; health care clinic; health and fitness center, restaurant and much more.

Attachments

3401 Clifton_ Offering Memorandum (1)

Property Facts Under Contract

Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Freestanding
Building Size
4,895 SF
Building Class
C
Year Built
1930
Price
$500,000
Price Per SF
$102
Cap Rate
12.12%
NOI
$60,600
Percent Leased
Vacant
Tenancy
Multiple
Building Height
1 Story
Building FAR
1.00
Lot Size
0.11 AC
Opportunity Zone
Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning
B022
Frontage
54 FT on Clifton Ave

Amenities

  • Bus Line
  • Corner Lot
  • Security System
  • Air Conditioning

Space Availability

  • Space
  • Size
  • Space Use
  • Position
  • Available
  • 3401
  • 750 SF
  • Office/Retail
  • -
  • Now

Enclosed and secure reception area and one single large open room with brand new powder room and HVAC system: heat and central air; storefront on Clifton

Space Size Space Use Position Available
3401 750 SF Office/Retail - Now

3401

Size
750 SF
Space Use
Office/Retail
Position
-
Available
Now

3401

Size 750 SF
Space Use Office/Retail
Position -
Available Now

Enclosed and secure reception area and one single large open room with brand new powder room and HVAC system: heat and central air; storefront on Clifton

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Walk Score ®
Very Walkable (70)
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PROPERTY TAXES

Parcel Number 2801-012 Improvements Assessment $0
Land Assessment $0 Total Assessment $218,800

PROPERTY TAXES

Parcel Number
2801-012
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$218,800
(410) 618-2585

Contacts

  • Listing ID: 27058089

  • Date on Market: 11/6/2022

  • Last Updated:

  • Address: 3401 Clifton Ave, Baltimore, MD 21216

More public record information on 3401 Clifton Ave, Baltimore, MD 21216

The Retail Property at 3401 Clifton Ave, Baltimore, MD 21216 is currently available for sale. Contact The Entrusted Group at KW Commercial for more information.

Retail PROPERTIES IN NEARBY NEIGHBORHOODS

Nearby Listings

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3401 Clifton Ave, Baltimore, MD for sale Primary Photo- Image 1 of 14
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3401 Clifton Ave, Baltimore, MD for sale Building Photo- Image 2 of 14
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3401 Clifton Ave, Baltimore, MD for sale Building Photo- Image 8 of 14
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3401 Clifton Ave, Baltimore, MD for sale Building Photo- Image 9 of 14
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3401 Clifton Ave
(410) 618-2585 x

3401 Clifton Ave

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Sam Tanner

(410) 618-2585

(410) 618-2585

Bikram Singh

(443) 470-9521

(443) 470-9521

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