Fells Point Commercial/Investment Property for Sale, Baltimore

New: Fells Point Investment property for sale. Property features $72,000 per year gross income potential from 4 individual units located at 1924 and 1926 Fleet St. Properties consist of two commercial spaces as well as two apartments. Offered at 8% capitalization rate, roughly $160/sq. ft.

Mixed use buildings collectively consist of 4,290 sq. ft. +/- and all units have been fully updated. Some features include hardwood floors, exposed brick, central heat and air conditioning, ceiling fans, tile floors, spiral staircases, tubular skylights, appliances in both apartments, individual metering of utilities (combined water bills).

Apartments include a 2 bedroom/2 bath space and a 1 bedroom/1 bath space, both currently rented. The commercial spaces include a roughly 800 sq. ft. retail space occupied by a strong business - women’s clothing store with 5-year track record and 3-year lease at market. Second commercial space is fully rehabbed and features 1,650 sq. ft. Market rent of $2,500 (currently for lease and drawing interest).

Offered at: $685,000

We are pleased to note that one of our own commercial/retail properties is now available for sale. FULL DISCLOSURE: Blevins Wist Real Estate Principals are the owners of this space and are both licensed real estate agents.

For more information on this Fells Point commercial property for sale , please visit this page: View Listing

1. John Cathro Says:
   March 29th, 2010 at 4:00 pm

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