1236 W Pratt St

$699,900

1236 W Pratt St, Baltimore, MD 21223

For Sale

Retail

Active

Last Updated: 06/23/2025

Details:

Cap Rate: 7.68%

NOI: $53,769

Building Size: 4,332 sqft

Year Built: 1920

Price Per Sqft: $161.57

Zoning: R-8

Roof: Rubber, Flat

Highlights:

Days on Market: 504
Parking Features: Paved Parking, Private
Heating: 90% Forced Air

Description:

Income-producing property generating $6,706/month with an 8% cap rate, and projected to reach 10.5%+ with value-add improvements. Located on a high-traffic corner at 1234 and 1236 W Pratt St, this 4,860 sq. ft. building is fully leased to two strong tenants: King Tire and Auto Shop (10-year lease at $4,700/month through 5/31/2036) and TJ Mart convenience store (3-year lease at $2,060/month through 5/31/2028 with 3% annual increases and self-funded buildout). Two unused upper-level spaces offer additional income potential of $2,000+/month—one above the 3-bay garage, ideal for an apartment or salon, and one above the tire shop, perfect for a studio, storage, or office. Additional features include parking for 11+ vehicles, high bay ceilings, three bathrooms, zoned central air, and dual access from Pratt and Carey Streets. Positioned across from Mount Clare Junction Shopping Center and under 1.5 miles from I-95, I-395, and I-295, this two-parcel property offers stable returns today with room to grow.