4101 Wilkens Ave, Baltimore, MD 21229

$600,000

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List Price: $600,000
Price Change: ▼ $175,000 1774058546
Days on Market: 331
Status: ACTIVE
MLS#: MDBC2140452
Lot Size (Acres): 0.19
Year Built: 1897
County: Baltimore
School District: Baltimore County Public Schools

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Property Description

SALE IS CONTINGENT UPON COMPLETION OF A SUBDIVISION. This approximately 3,471 SF primary building sits on roughly 8,400 SF of BL-zoned property and offers a diverse mixed-use investment opportunity with a total of six potential tenant spaces. The upper level features a leased two-bedroom residential apartment providing stable rental income. The main level consists of three commercial spaces, including a leased diabetic supply store and a retail showroom currently offering furniture, electronics, bedding, and related merchandise. Two additional basement-level spaces remain in shell condition, presenting value-add potential for future buildout and increased income generation. Also available for purchase is the adjacent secondary building, an approximately 454 SF standalone structure currently leased and operating as a deli/convenience store. Both buildings have undergone extensive renovations, with the exception of the unfinished basement spaces. Improvements include new electrical systems, HVAC, plumbing, walls, flooring, lighting, and more. Purchase the primary building individually or capitalize on the opportunity to acquire both properties together. Strong income potential with an attractive cap rate and upside through lease-up and future improvements.

240-804-7606

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