Features & Amenities

Interior

  • Total Bedrooms

    N/A

  • Bathrooms

    N/A

  • Cooling YN

    YES

  • Cooling

    Central Air, Electric

  • Heating YN

    YES

  • Heating

    Natural Gas, Other

  • Pet friendly

    N/A

Exterior

  • Garage

    No

  • Construction Materials

    Stucco, Brick, Block

  • Parking

    Parking Lot

  • Pool

    No

  • Waterfront YN

    NO

Area & Lot

  • Lot Size(acres)

    1.23

  • Property Type

    Commercial Sale

  • Property Sub Type

    Retail

Price

  • Sales Price

    $4,050,000

  • Tax Amount

    56170.0

  • Sq. Footage

    N/A

  • Price/SqFt

    N/A

HOA

  • Association

    No

School District

  • Elementary School

    N/A

  • Middle School

    N/A

  • High School

    N/A

Property Features

  • Sewer

    Public Sewer

  • Tax Lot

    002

  • Water Source

    Public

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Location

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BALTIMORE CITY

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Listing Courtesy of Matthew E Garono , Cummings & Co Realtors

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We are pleased to exclusively present for sale the offering of the fee simple interest in Belair Crossing, a shadow-anchored, newly constructed 12,800 SF retail center located in Baltimore City, Maryland. To accommodate a growing retail market, the center was 100% pre-leased to PNC and Dollar Tree prior to its construction in the Fall of 2015. Both tenants have recently executed their first Five-Year renewal option after a successful 10-year initial term. The Property also enjoys the benefits of its co-tenancy with Dunkin and the newly constructed and anticipated LIDL Supermarket.

5960 BELAIR ROAD

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Related Properties

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.
#MDBA2173304

BALTIMORE

3226 GREENMOUNT

None Beds

None Baths

17,952 Sq.Ft.

$3,500,000

MLS#: MDBA2173304

 - property

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