Princeton Sports 6239 Falls Rd
15,708 SF 100% Leased Retail Building Baltimore, MD 21209 $4,200,000 ($267.38/SF)
INVESTMENT HIGHLIGHTS
- Location! Location! Location!
- Iconic well known building throughout the market
- Opportunity to sub-divide for several tenants.
EXECUTIVE SUMMARY
Located on Falls Road in an area known as Bare Hills, this iconic property has been occupied by Princeton Sports since 1972 when they purchased the land, constructed the building and relocated from their original Park Heights Avenue location. Most families in the Baltimore area at one time or another, have visited for skis, bikes, tennis and more. Bare Hills is in a renaissance period with adaptive reuse of older buildings and construction of new ones. This 15,708gsf building is in the perfect position to take advantage of a landmark location with terrific market presence . The BR-AS zoning allows most commercial retail and service uses. Traffic count is 13,500 tpd.
Great for owner occupant for entire building or, a portion and can lease the rest. For an investor, it's a great opportunity to upgrade the curb appeal and re-tenant the property.
Great for owner occupant for entire building or, a portion and can lease the rest. For an investor, it's a great opportunity to upgrade the curb appeal and re-tenant the property.
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
15,708 SF
Building Class
C
Year Built/Renovated
1972/1988
Price
$4,200,000
Price Per SF
$267.38
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Loading Docks
1 Exterior
Building FAR
0.36
Lot Size
1.01 AC
Zoning
BR-AS - B.R.-AS Is the highest zoning use which allows for automotive services, gasoline, retail of any kind, medical, office, religious facilities.
Parking
67 Spaces (4.27 Spaces per 1,000 SF Leased)
Frontage
184’ on Falls Rd
PROPERTY TAXES
| Parcel Numbers | Total Assessment | $4,633,000 | |
| Land Assessment | $669,300 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $657,500 | Tax Year | 2024 |
