3217 Greenmount Ave Local commercial 294 m² À vendre Baltimore, MD 21218 561 860 € (1 909,63 €/m²) Taux de capitalisation 6,09 %

3217 Greenmount Avenue | Baltimore, MD 21218
This fully leased retail property offers investors a rare chance to acquire a turnkey, income-producing asset in one of Baltimore’s most visible and revitalizing corridors. Anchored by a long-term tenant under a triple net lease (NNN) through 2034, the property provides consistent, predictable income with minimal management responsibilities.
Located at the corner of 33rd Street and Greenmount Avenue, the building benefits from high daily traffic counts, excellent neighborhood demand, and proximity to major institutions such as Johns Hopkins University and MedStar Union Memorial Hospital. With stable cash flow today and clear upside from ongoing neighborhood redevelopment, this is an investment positioned for both security and future appreciation.
The Opportunity
3217 Greenmount Avenue is an ideal investment for buyers seeking stable cash flow, minimal management, and long-term upside potential. With a proven tenant, strong income stream, and location in the path of Baltimore’s urban revitalization, this property balances security and growth—making it a standout addition to any portfolio.
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Financial Highlights
• Annual Rental Income: $63,727
• Net Operating Income (NOI): $39,578 (after expenses)
• Monthly Rent: $5,219 – $5,376
• Lease Structure: Triple Net Lease (NNN) through 2033
• Tenant: No. 1 Nails (in operation at this location since 2013)
• Operating Expenses (Low Relative to Income):
o Insurance: $2,200
o Property Tax: $7,254
o Management Fee: $2,200
o Mortgage Interest: $12,495
o Total Expenses: $24,149
Nearly $40,000 annual net income
Hands-off investment with minimal landlord responsibilities
Strong tenant performance and lease security
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Investment Highlights
• Secure Long-Term Income – Established tenant on a NNN lease through 2033.
• Hands-Off Structure – Triple net lease reduces landlord involvement.
• Prime Corner Location – High visibility at 33rd & Greenmount.
• Strong Demand Drivers – Johns Hopkins University (24,000+ students/staff) and MedStar Union Memorial Hospital within minutes.
• Revitalization Growth – Surrounded by ongoing neighborhood improvements, new restaurants, and retail.
• Future Potential – Flexible C-1 zoning supports retail, mixed-use, or medical redevelopment.
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Location Advantages
• Dense Population Base: 241,000+ residents within 3 miles.
• Households: Nearly 100,000, with an average income of $88,000+.
• Transit Access: Multiple MTA bus routes; future Baltimore Circulator expansion to serve Greenmount corridor.
• Retail Corridor: Steps from Giant, Ace Hardware, CVS, and local restaurants serving the university and hospital communities.
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Property Summary
• Address: 3217 Greenmount Avenue, Baltimore, MD 21218
• Building Size: ± 2,016 SF
• Site Size: 0.08 Acres (3,600 SF)
• Year Built: 1920 (redevelopment potential)
• Zoning: C-1 (Neighborhood Commercial)
• Parking: Street parking available along Greenmount Ave