4711 1/2 - 4715 Harford Road & 3001 Rosekemp Avenue

What Makes This Mixed-Use Commercial Opportunity in Lauraville Special?

Located in the heart of Lauraville’s business district, this 8-unit property offers a diverse mix of rental types. With a mom-and-pop shop, national tenant, and warehouse occupant, investors have the opportunity to tap into various segments of the commercial market, minimizing risk while maximizing income potential. The presence of long-standing generational tenants speaks to the neighborhood’s appeal and also presents the potential for higher rents, as current rates remain below market levels. Within one mile of Morgan State University, a famous HBCU actively expanding both in enrollment and development, injecting substantial investments into the immediate area. Lauraville is steadily emerging as one of Northeast Baltimore City’s premier neighborhoods, promising a path toward higher property appreciation achievement for discerning investors looking for stability and growth in their portfolios.

Mixed-Use Commercial Property Details:

3 Office/Retail Stores

1 Warehouse

2 One-bedroom, one-bath apartments

1 Two-bedroom, one-bath apartment

1 Two-bedroom, two-bathroom single family home

Three business suites and three apartments have frontage on Harford Road. The warehouse and single-family home are located towards the rear. With large, storefront windows, the businesses have suspended grid ceilings and mostly vinyl floors. Half baths have a mix of modern vanities or wall-mounted sinks. Commercial tenants are responsible for their own fit outs. The apartments are certified lead free, saving the owner time and money at turnover. With similar finishes throughout, kitchens have practical laminate counters and wood cabinetry, along with stainless sinks and gas ranges. Living spaces have mostly laminate flooring, with some wall-to-wall carpeting. Bathrooms have modern vanities, steel tubs and vinyl-tub enclosures. The warehouse is rented by a movie prop rental company. The large bay and overhead garage door make this unit unique for the neighborhood. In addition to a spacious, open and large storeroom, the upstairs has a small kitchenette and full bathroom, in addition to two finished rooms that can be used as offices. The rear of 4715 is home to a single-family dwelling, AKA 3001 Rosekemp Avenue. This two-bedroom, two-bath rental offers ~1,200 square feet of living space and has in-unit laundry. Living areas are carpeted, with vinyl flooring in the kitchen and ceramic tile in the upstairs bathroom. The kitchen has durable laminate counters and wood cabinets. The main floor bathroom has a shower stall with fiberglass surround, while upstairs has a fiberglass tub with fiberglass tub-surround. Parking for 6 spaces is located in the rear lot. Traffic counts report that 30,000 cars pass by 4711 Harford Road daily, providing commercial tenants great exposure.

Utility Specifics:

The building infrastructure is very well maintained. Except for the warehouse, all units are served by gas-fired furnaces with central air conditioning and gas-fired water heaters. The warehouse has an electric heat pump with central air and electric water heater. Windows have been replaced, mostly all vinyl replacement with a few newer wood replacement windows scattered throughout the property. All observable water supply lines are copper or steel, with mostly all drain lines being pvc or steel. The main water supply lines are copper. The building has eight gas meters, eight electric meters and two water bill accounts. All tenants pay their own gas and electric bills; the landlord pays for water. 3001 Rosekemp Avenue features a pitched asphalt shingle roof; all other roofs are flat and of TPO material.

What Is Special About Lauraville:

LiveBaltimore describes Lauraville as a neighborhood great for residents to enjoy a suburban feel, or for those looking for a little more space and grass. Lake Montebello and its walking and running paths are heavily trafficked and is a popular destination just south of 4711 Harford Road. Native Baltimore businesses like Zeke’s Coffee and Koko’s Pub are very popular destinations and are nationally recognized, adding to the foot traffic in the immediate area. Even more exciting is the future development in the area. Morgan State University is on the brink of an unprecedented transformation, with ambitious plans to achieve R1 “Very High” doctoral research university status over the next decade. This expansion will bring about a substantial increase in enrollment and, consequently, a heightened demand for off-campus housing. In a significant milestone, Morgan State reported a remarkable $100.8 million in grants, contracts, and gifts in 2023. These funds are fueling the creation of cutting-edge research facilities and further expanding the university’s footprint within the community. This property’s location in the heart of Lauraville places it at the epicenter of these exciting developments, making it a compelling investment opportunity for those looking to be part of a thriving and forward-looking community.

Call (410) 235-9500