For more information regarding the value of a property, please contact us for a free consultation.
Key Details
Sold Price $990,000
Property Type Commercial
Sub Type Office
Listing Status Sold
Purchase Type For Sale
Square Footage 15,000 sqft
Price per Sqft $66
Subdivision Hamilton Heights
MLS Listing ID MDBA100147
Sold Date 02/03/20
HOA Y/N N
Originating Board BRIGHT
Year Built 1937
Annual Tax Amount $23,470
Tax Year 2019
Lot Size 8,450 Sqft
Acres 0.19
Property Description
Price Reduced! Can you find a better deal? 5610 Harford Rd. is a 15,000 sq. ft. office building comprised of 3 floors, with a 10.17% cap rate and 14.5% projected cash-on-cash return on investment. Elevator service makes all floors ADA-accessible. Fire sprinkler systems on ground floor and second floor. C-2 zoning allows many business uses, including office, day care, and restaurant. Building is currently built-out as and has historically been used as office space. Currently 73% occupied. Baltimore City Health Department WIC program, a long-term tenant tenant since 2004, occupies 1/3 of the building (ground floor).Middle floor is fully occupied by an adult day care center and a contracting company.Top floor is partly occupied by owner, who can sign a long-term lease and stay or vacate depending on purchaser s preference. 4,000 +/- sq. ft. is currently vacant, making this building perfect for either an owner/user or an investor. Hamilton was named #4 in Redfin s top 10 hottest affordable neighborhoods in the U.S. Jump on this chance to own a cash-producing asset in an up-and-coming neighborhood!
Location
State MD
County Baltimore City
Zoning C-2
Direction East
Interior
Hot Water Multi-tank, Electric
Heating Baseboard - Electric, Heat Pump(s)
Cooling Central A/C, Multi Units, Roof Mounted, Zoned
Flooring Carpet, Ceramic Tile, Concrete, Laminated, Vinyl
Heat Source Electric
Exterior
Water Access N
View Street
Roof Type Other
Accessibility 32\"+ wide Doors, Elevator, Entry Slope <1', Mobility Improvements
Garage N
Building
Foundation Slab, Concrete Perimeter
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Baltimore City Public Schools
Others
Tax ID 0327055414 040
Ownership Fee Simple
SqFt Source Assessor
Security Features Intercom,Main Entrance Lock,Sprinkler System - Indoor
Special Listing Condition Standard
Read Less Info
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
Bought with Renwick G James • Fathom Realty MD, LLC