Description
Discover a unique investment opportunity at 1301 N. Spring Street, Baltimore, MD 21213. This multi-tenant warehouse property offers approximately 14,400 square feet of flexible commercial space divided into four separately occupied units, providing immediate income with additional upside potential. Whether you're an investor seeking a stabilized asset or an owner-user looking for space with existing cash flow, this property delivers exceptional versatility.Units A and C are leased to a long-term month-to-month warehouse tenant at a combined rental rate of $2,400 per month, while Unit B is leased through September 2026 for $2,000 per month and has been improved as climate-controlled office and educational space complete with central HVAC and a private restroom. The largest space, Unit D, is currently owner-occupied and includes warehouse space, a private office, one full bath, and one half bath. With an estimated market rental value of approximately $2,000 per month, Unit D offers the flexibility of additional income or immediate occupancy for a new owner. The seller is willing to negotiate either a leaseback or vacancy at settlement.The owner currently pays water, sewer, and real estate taxes, while tenants are separately metered and responsible for their own electric service. Located in an established commercial corridor with convenient access to Downtown Baltimore, I-83, I-95, and other major transportation routes, the property is well positioned for a variety of commercial and industrial users.Offering multiple income streams, flexible occupancy options, and long-term investment potential, 1301 N. Spring Street is a rare opportunity to acquire a multi-tenant warehouse asset in one of Baltimore's evolving industrial corridors.
Description
Discover a unique investment opportunity at 1301 N. Spring Street, Baltimore, MD 21213. This multi-tenant warehouse property offers approximately 14,400 square feet of flexible commercial space divided into four separately occupied units, providing immediate income with additional upside potential. Whether you're an investor seeking a stabilized asset or an owner-user looking for space with existing cash flow, this property delivers exceptional versatility.Units A and C are leased to a long-term month-to-month warehouse tenant at a combined rental rate of $2,400 per month, while Unit B is leased through September 2026 for $2,000 per month and has been improved as climate-controlled office and educational space complete with central HVAC and a private restroom. The largest space, Unit D, is currently owner-occupied and includes warehouse space, a private office, one full bath, and one half bath. With an estimated market rental value of approximately $2,000 per month, Unit D offers the flexibility of additional income or immediate occupancy for a new owner. The seller is willing to negotiate either a leaseback or vacancy at settlement.The owner currently pays water, sewer, and real estate taxes, while tenants are separately metered and responsible for their own electric service. Located in an established commercial corridor with convenient access to Downtown Baltimore, I-83, I-95, and other major transportation routes, the property is well positioned for a variety of commercial and industrial users.Offering multiple income streams, flexible occupancy options, and long-term investment potential, 1301 N. Spring Street is a rare opportunity to acquire a multi-tenant warehouse asset in one of Baltimore's evolving industrial corridors.
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