Welcome to 4419 Kenwood Ave, an exceptional business and investment opportunity situated in the thriving community of Baltimore County! Boasting commercial zoning, this property offers versatility and income potential for savvy investors. Currently occupied by three tenants, each unit contributes to the property's steady rental income. The basement unit provides comfortable living space with a bedroom, full bathroom, and kitchen area. The tenant in this unit pays $500 a month through August, expressing interest in continuing their lease. The main level is currently utilized as a flourishing beauty salon. The current salon tenant pays $750 a month and is hoping to stay to further enhance the property's income. Ascending to the upper level, you'll find a residential unit featuring two bedrooms, a full bathroom, kitchen, and a private detached garage. Generating $1,000 in rent per month, this unit offers desirable living accommodations for tenants seeking comfort and convenience. While noting that there is currently no A/C in the upper level unit, the property's sought-after location compensates with its desirable amenities and features. Significant updates include a new roof and deck installed in 2022, ensuring longevity and appeal. Additionally, a new 50-gallon water heater was added in 2024, enhancing functionality and efficiency. Electricity is separately metered for each unit, providing convenience and transparency for tenants. Gas expenses are covered by the landlord, simplifying utility management. Nestled in a sought-after area, this property offers proximity to amenities, transportation, and entertainment, further enhancing its attractiveness to tenants and prospective businesses. Don't miss out on this prime investment opportunity at 4419 Kenwood Ave. Schedule your showing today and explore the potential for lucrative returns and business success!
Great opportunity for investor or possibly owner/occupant to own an income producing, well-maintained, multi-unit Class C commercial building located in a high traffic area. Zoned BLCCC, available for retail/office/warehouse and many other uses. Visible signage is a plus. Sale includes 3 retail/office spaces at 7914 - 7916 - 7918 Harford Road; plus 4 garage/warehouses located behind the retail spaces. All three retail spaces are currently leased (Beauty Salon, DOT/Conduit Field Inspector Office and Chocolate Store); subject to 1 year leases. The garage/warehouse spaces will be vacated by the end of January 2024. Each of the retail spaces is approximately 790sf. The square footage of the garage/warehouse spaces are: 630sf, 360sf, 720sf and 720sf The owner is in the process of creating & recording an easement to allow the new owner of 7914-7918 perpetual access & use 8 off-street parking spaces in the recently paved, adjacent parking lot. Financials available upon request.
Highlights: Property Owners in Baltimore County Pay Less Property Taxes Than Property Owners in Baltimore City, Providing Cost Savings & Improving Overall Cash Flow. Tenants Enjoy the Highly Trafficked Harford Road Corridor & Great Visibility of This End-Of-Group, Leading to Stable Businesses That Can Consistently Pay Rent. Managing Commercial Properties Is Less Maintenance & Less Costly: Commercial Tenants Are Responsible for Interior Plumbing, HVAC and Electrical Systems. Affordable Entry Point for Investors Ready to Move From Residential Buildings to Commercial Properties. 7915 Harford Road is home to a long-standing community pharmacy. With a waiting area in the front for customers, the Pharmacy has a large workspace and full basement for additional storage. 7917 Harford Road hosts three successful beauty salons, each offering a variety of services. The first-floor salon features a private patio on the rear of the building. Two salons have half-bathrooms and the second-floor salon features a full bathroom. 2 gas meters serve the buildings and each unit is separately metered for electric. A new 2023 40-gallon Rheem gas water heater serves the spaces. Units have individual electric heat pumps. Tenants pay all utilities, in addition to insurance and property tax pass-throughs and Common Area Maintenance (commonly known as a triple net property.) Parking for 5 cars is located behind the rear of the building. Tenants benefit from being situated on a far corner, making it easier for customers to access the stores. Just two blocks south are national tenants Giant Foods, Chipolte, Petco, Walgreens and others. Within a 5-minute drive of 7917 Harford Road, the median household income stands at $73,688. This demographic presents a demand for both locally owned establishments and national businesses, catering to diverse consumer preferences and economic profiles in the area. Frontage along Harford Road, just near the City/County line, keeps these retail spaces in high demand by tenants. Community organizations are continually working to improve the Harford Road Corridor Business Districts, improving the overall economy & quality of life for business owners and residents alike. Investors often begin their portfolios with residential properties, aspiring to transition into commercial real estate. 7915-7917 Harford Road presents an enticing opportunity for such progression at an affordable entry point. Commercial tenancies entail lower maintenance demands for building management and tenant communication, allowing an investor to allocate their time and money on other projects.
