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  • 14 3010 C-Store Register
  • 15 3010 C-Store Merchandise
  • 15 3010 C-Store Selling Floor
  • 16 3010 C-Store Rear Stock Room
  • 17 3010 C-Store Bathroom
  • 18 3010 C-Store Heat and Air Conditioning
  • 19 3010 C-Store Electric Meter
  • 20 3012 Church Sanctuary
  • 21 3012 Church
  • 25 3012 Church Office
  • 22 3012 Church Bathroom
  • 23 3012 Church Bathroom 2
  • 24 3012 Church Water Heaters
  • 26 3012 Church Baptismal Font
  • 29 3012 Church Electric Panel
  • 30 3014 Pizza front reception area
  • 31 3014 Pizza Shop Order Window
  • 32 3014 Kitchen with hood and pizza oven
  • 33 3014 Pizza Kitchen Triple Sink
  • 34 3014 Pizza Walk In Box
  • 35 3014 Pizza Shop Mens Bathroom
  • 36 Pizza Shop Womens Bathroom
  • 37 Pizza Shop Electric Panels
  • 40 3016 Day Care Center
  • 41 View from front
  • 42 View from Rear
  • 43 Rear Child Play Area
  • 44 3016-Child bathroom 1 and 2
  • 45 3016-Adult bathroom 2
  • 46 3016-Adult bathroom 3
  • 47 3016 dual gas furnaces with CAC
  • 48 3016 100 amp electric service
  • 49 3016 Water Heater
  • 50 3016 Fire Detection System

Property ID : Greenmount3010

Sold Comp $755,000.00 - Commercial, Retail Stores
8776 4 Units 4 Bathrooms 10 Parking Spaces  Add to Favorites Print

100% Leased to stable, local, long-term tenants, producing solid cash flow.  Owning this property in the Waverly Business District is a great candidate to produce solid investment returns for many years.  The store fronts were refurbished in 2007.  Each store interior was updated with new heating and air conditioning systems, flooring, ceiling, and bathrooms within the last 9 years.

The Waverly Shopping District is home to the very popular Waverly Farmer’s Market, held every Saturday morning, year-round, from 8 a.m. to 12 noon.  This farmers market has a 4.5 rating on Yelp and a 4.8 rating on Google.

This shopping center has 4 tenants:  A Day Care Center, located here since 2007; a Pizza Carryout, located here since 1998; a church located here since 2014 and a local convenience store which opened in 2011.  Each lease is triple-net with the tenant paying their own utilities, property taxes, and building insurance.

Sturdy 1950 brick over block construction with each store having a new roof in the last 7 years.

In addition to the 17,800 vehicles that pass this location each day, it is located on the #8 Bus Line, which is the most popular and most heavily travelled bus line in Baltimore.

Investment Highlights:
$900,000   Investment
$225,000    Per Unit
$103             Per Square Foot of Building Area
$8,537         Current Actual Monthly Rental Income
8.8                GRM (Gross Rent Multiplier)
7.9                 Cap Rate

Property Video
3010 Greenmount Ave:  Price Reduced on this 8,700 sq.ft. Retail Center For Sale
Property Map

Agent Meet Ben Frederick, III, CCIM

  • Mobile : 410-752-6400
  • Fax : 410-435-5041

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Advises Buyers and Sellers of Multi-Family Apartment Properties…
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