911 W 36th St, Baltimore, MD 21211, USA
Hampden is one of Baltimore’s Hottest Neighborhoods. The streets are usually crowded with shoppers, restaurant patrons, and those meeting with friends at the local watering holes. Hampden Merchants Association Video
911 West 36th Street, originally a movie theater built in 1925, has been converted into commercial building with 4 tenants:
14,000 sq.ft. 2-story masonry building with a flat built-up roof. The building covers a 7,000 sq.ft. lot. The restaurant is on the lower level and the yoga studio is on the upper level. There is a small third floor with a few offices. Each tenant has their own heating and cooling system and their own gas and electric meter. There are 4 separate private water meters so that the landlord can charge-back each tenant’s actual usage of water.
There is a 53-vehicle 29,490 sq.ft. parking lot in the rear. This is a separate legal parcel, known as 3441 Pleasant Place.
$1,600,000 Investment Offering
$114 per square foot
$12,728 Monthly Rental Income (including CAM)
10.5 Gross Rent Multiplier
8.4% Projected Cap Rate
11.8% Projected Cash-on-Cash Return on Investment