Baltimore, MD 21218,3226 GREENMOUNT
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Baltimore, MD 21218,3226 GREENMOUNT
Baltimore, MD 21218,3226 GREENMOUNT
Baltimore, MD 21218,3226 GREENMOUNT
Baltimore, MD 21218,3226 GREENMOUNT
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Listed by Stephen M Karbelk • CENTURY 21 Commercial New Millennium
$ 3,500,000
Est. payment /mo
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3226 GREENMOUNT Baltimore, MD 21218

17,952 SqFt


UPDATED:

Key Details

Property Type Commercial

Sub Type Retail

Listing Status Active

Purchase Type For Sale

Square Footage 17,952 sqft

Price per Sqft $194

Subdivision Charles Village

MLS Listing ID MDBA2173304

Year Built 1920

Annual Tax Amount $68,056

Tax Year 2024

Lot Size 0.526 Acres

Acres 0.53

Property Sub-Type Retail

Source BRIGHT

Property Description

Located along the Greenmount Avenue and 33rd Street, this retail center boasts eight (8) retail and restaurant tenants with high visibility along Greenmount Avenue and 33rd Street. With 17,952+/- SF of leasable area on a 22,910 SF corner parcel, Waverly Shopping Center is poised to continue with significant potential rent growth.

These commercial properties are located approximately one block from Giant Food and near Johns Hopkins University, MedStar Union Memorial Hospital and surrounded by other successful neighborhood retail and restaurant businesses. On the weekends, you'll find the farmers market, the spring music series and pop-up events in Waverly Commons, an open-air community space managed by Waverly Main Street.

The current tenants include Lux Nails, China Express, Quick Mart, Boost Mobile, B5 Seafood Carry-out, AD Smoke Shop, Sakura Teriyaki, and Kyngz Lounge.

In 2021, significant upgrades were made to the property, including roof replacement ($70,550), HVAC upgrades ($59,350), electrical upgrades ($20,550) as well as plumbing, framing, drywall and flooring improvements ($134,850+).

The scheduled gross rent and additional rent exceeds $453,000 with an annual NOI of $307,000+/-. Additional details about the leases and operations are available. Contact the listing agent for details.

This sale is subject to the approval of the US Bankruptcy Court, District of Maryland. Additional due diligence materials available after signing a Confidentiality Agreement. Contact Listing Agent for details.

Location

State MD

County Baltimore City

Zoning B22

Interior

Hot Water None

Heating None

Cooling None

Heat Source None

Exterior

Garage Spaces 10.0

Water Access N

Accessibility None

Total Parking Spaces 10

Garage N

Building

Lot Description Corner

Sewer Public Sewer

Water Public

New Construction N

Schools

School District Baltimore City Public Schools

Others

Tax ID 0312203882 012

Ownership Fee Simple

SqFt Source Estimated

Special Listing Condition Bankruptcy, Third Party Approval


Bright MLS (BMLS)
agent

Andie Scheidt

License ID: 652506

+1(410) 241-1754

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3226 GREENMOUNT