Property
Beds
None
Full Baths
None
1/2 Baths
None
Year Built
1950
Sq.Footage
N/A
Excellent opportunity for investors wanting a fully rented commercial property. This well-maintained updated property is zoned Residential/Office in the bustling business district on East Joppa Road in Towson. Conveniently located just over a mile from 695, this property is perfectly positioned for small businesses seeking a high-traffic area. Currently rented as two separate offices. The lower office rental unit has a private rear entrance with no access to l:Jpper unit to ensure privacy. Features a manager's office with glass doors and an open area large enough to accommodate four to five employees. Includes kitchenette and half bath. LVP flooring and electric baseboard heat. Lower suite is currently rented at $1,000 a month until 6/30/2025. Landlord holds $1,000 security deposit. The lease has an auto renewal option with an escalation clause to $1,100 for the second year and then the auto renew allows renters to renew with a 5% increase per year. Renter needs to give 120 days notice with intention to NON RENEW. Upper unit entrance is located on E. Joppa Road with a ramp for accessibility. This office space consists of two levels. A reception area/living room with fully functional fireplace and two additional rooms which can be used as offices and/or storage and a half bathroom are located on the first level. Bonus area includes a conference/meeting area and a full kitchen with updated cabinets and appliances. LVP flooring. The top level includes two additional rooms, hardwood flooring, and a full bath. The upper suite is rented at $1,950 a month until 8/31/26. Landlord holds no security deposit. The lease has an auto renewal option with an escalation clause to $2145 for the next year. There is a 5% increase from year to year after this term. Renter needs to give 120 days notice with intention to NON RENEW. Both units have separate electrical meters. Rent includes snow removal and lawn care. Water bill paid by renter of main/upper level unit. Paved parking for 13 cars (2 in front; 11 in rear). Short term parking leases in back can be terminated within three months. Rental income: Approximately $60/month times 6. Note: If the travel agency hires more employees, the current parking space renters will need to be terminated. The travel agency gets the two spaces in front but lease states overflow is in the back. Currently 6 spaces are rented - month to month. Stoned patio shared with office building next door. Newly installed Signage on busy Joppa Road. Signs have valid permits. Windows replaced on top floor in 2012 and lower unit 2019. Main floor has replacement windows, not sure of date installed. Exterior storage under porch. This property generates consistent rental income, making it a lucrative option for investors. Don't miss the chance to own a piece of prime real estate in a thriving business corridor.
Features & Amenities
Interior
-
Total Bedrooms
N/A
-
Bathrooms
N/A
-
Cooling YN
YES
-
Cooling
Central Air, Ceiling Fan(s), Electric
-
Heating YN
YES
-
Heating
Electric, Forced Air, Baseboard
-
Pet friendly
N/A
Exterior
-
Garage
No
-
Construction Materials
Asphalt, Vinyl Siding
-
Parking
Private, Paved, Parking Lot, Driveway
-
Pool
No
-
Waterfront YN
NO
Area & Lot
-
Lot Size(acres)
0.14
-
Property Type
Commercial Sale
-
Property Sub Type
Mixed Use
Price
-
Sales Price
$385,000
-
Tax Amount
5728.0
-
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
Septic Tank, Public Sewer
-
Tax Lot
41
-
Water Source
Public
Schedule a Showing
Showing scheduled successfully.
Mortgage calculator
Estimate your monthly mortgage payment, including the principal and interest, property taxes, and HOA. Adjust the values to generate a more accurate rate.
Your payment
Principal and Interest:
$
Property taxes:
$
HOA fees:
$
Total loan payment:
$
Total interest amount:
$
Location
County
BALTIMORE
Elementary School
Middle School
High School
Listing Courtesy of Barbara A. Todd , Casa Bella Realty, LLC.
RealHub Information is provided exclusively for consumers' personal, non-commercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. RealHub website owner shall not be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.
Homes By Hil- Team Leader
Hilery Leatherman
Call Hilery today to schedule a private showing.
* Listings on this website come from the FMLS IDX Compilation and may be held by brokerage firms other than the owner of this website. The listing brokerage is identified in any listing details. Information is deemed reliable but is not guaranteed. If you believe any FMLS listing contains material that infringes your copyrighted work please click here to review our DMCA policy and learn how to submit a takedown request.© 2024 FMLS.