Property ID : Gorsuch1719
Sale Pending $75,000.00 - Mixed Use, Warehouse/Storage
Estate Sale Bargain Hunters – Delight in this highly profitable multi-use building with a local store-front church renting the main front building for $900 per month.
The rear 1,680 sq.ft. garage can be used for car wash, auto service, contractor’s storage, etc. It has 10′ to 13′ high ceilings and a 10′ wide and an 8′ wide roll-up entry door. This building is currently vacant and easily rented.
R-6 Zoning allows church, day-care, and educational uses.
Each tenant has their own electric meter and pays their own utilities.
This property is located just off of Harford Road, between 25th Street and The Alameda and is one-half block away from Clifton Park. Johns Hopkins Hospital is 1.7 miles south of this property. The Coldstream-Homestead-Montebello Neighborhood is full of promise.
Priced at only $75,000, the property is projected at a 12.5% cap rate and sells for only $21 per sq.ft. of building area.