901-907 York Rd | Towson, MD 21204
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901-907 York Rd
Towson, MD 21204
Retail Property For Sale
Investment Highlights
- Heavy time daily traffic
- New owner can add value
- Well exposed stirp shopping center
Executive Summary
A strip shopping center well exposed from York Rd in Towson. The current cap rate is 7.5%, but if add a tenant on the second floor (2,400 sq ft), it will go up to more than 9%. This building is combined with 2 parcels (Tax ID: 04090919077220, 04090907000841).
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
15,495 SF
Building Class
C
Year Built
1948
Price
$2,950,000
Price Per SF
$190
Cap Rate
7.50%
NOI
$221,250
Percent Leased
69%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.56
Lot Size
0.63 AC
Zoning
BR
Parking
4 Spaces (0.26 Spaces per 1,000 SF Leased)
Frontage
19 FT on York Rd
PROPERTY TAXES
Parcel Number | 09-0907000841 | Improvements Assessment | $0 |
Land Assessment | $0 | Total Assessment | $445,600 |
PROPERTY TAXES
Parcel Number
09-0907000841
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$445,600
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