3529 Dolfield Ave
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3529 Dolfield Ave
14,656 SF 100% Leased Retail Building Baltimore, MD 21215 $2,950,000 ($201/SF) 7.39% Cap Rate
Investment Highlights
- Premiere location off of Wabash Ave
- Same Owner has managed the Center for 31 years
- Located near public transportation
Executive Summary
Dolfield Plaza is a fully leased retail shopping center comprising 11 units, with approximately 14,656 finished square feet on a lot size of 0.61 acres. Zoned C-2, this property is strategically located at a busy, walkable intersection of Dolfield Avenue and W Cold Spring Lane, directly across from the Dolfield Avenue Post Office and in close proximity to Loyola College.
Managed by the same owner for 31 years, Dolfield Plaza presents significant potential for rent increases on select units under new ownership. The building is low maintenance, with eight units occupied by long-term tenants engaged in diverse retail businesses, including a beauty supply store, barber shop, carry-out restaurant, pharmacy, and medical clinic. The remaining three units have been recently leased. The property is being sold As-Is.
Managed by the same owner for 31 years, Dolfield Plaza presents significant potential for rent increases on select units under new ownership. The building is low maintenance, with eight units occupied by long-term tenants engaged in diverse retail businesses, including a beauty supply store, barber shop, carry-out restaurant, pharmacy, and medical clinic. The remaining three units have been recently leased. The property is being sold As-Is.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront
Building Size
14,656 SF
Building Class
C
Year Built
1950
Price
$2,950,000
Price Per SF
$201
Cap Rate
7.39%
NOI
$217,899
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.55
Land Acres
0.61 AC
Zoning
C-2 - Commercial
Frontage
179 FT on Dolfield Avenue
Amenities
- Bus Line
Walk Score ®
Very Walkable (71)
Transit Score ®
Excellent Transit (74)
PROPERTY TAXES
| Parcel Number | 15-21-3122-020 | Improvements Assessment | $407,700 |
| Land Assessment | $61,500 | Total Assessment | $469,200 |
PROPERTY TAXES
Parcel Number
15-21-3122-020
Land Assessment
$61,500
Improvements Assessment
$407,700
Total Assessment
$469,200
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Gopal Hariani -
Berkshire Hathaway HomeServices PenFed Realty
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3529 Dolfield Ave
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