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Listed by Yaakov Kanevsky • Midfield Realty
$1,700,000
Est. payment /mo
New
5900 YORK ROAD Baltimore, MD 21212
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Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Subdivision Govans
MLS Listing ID MDBA2214460
Year Built 1958
Annual Tax Amount $31,765
Tax Year 2024
Property Sub-Type Other
Source BRIGHT
Property Description
Exceptional investment opportunity at 5900 York Road featuring a 27-unit mixed-use asset and a leased billboard, delivering a strong T-12 gross income of $358,380 and an attractive going-in cap rate of approximately 11.6%. This two-story building offers diversified revenue streams through residential, retail, and office spaces, further bolstered by an Enterprise Zone designation that provides significant tax incentives. Financial projections show robust growth, with Year 1 income of $400,380 scaling to $450,631 by Year 5, driving cash-on-cash returns from 16.65% to 22.04%. Ownership can benefit from immediate value-add potential via current vacancies and market-rate adjustments, while operational stability is reinforced by a newly updated roof and efficient 27% expense ratios. Strategically located along the high-visibility York Road corridor, the property features dedicated rear parking and seamless access to major transit routes, regional employment centers, and retail hubs, ensuring consistent demand and long-term occupancy.
Location
State MD
County Baltimore City
Zoning C-2
Interior
Hot Water Other
Heating Other
Cooling Other
Heat Source Other
Exterior
Water Access N
Roof Type Asphalt
Street Surface Access - Above Grade
Accessibility None
Road Frontage City/County, State
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
High Schools Heritage
School District Baltimore City Public Schools
Others
Tax ID NO TAX RECORD
Ownership Other
Special Listing Condition Standard
Nearby Locations
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