1029 36Th StBaltimore, MD 21211

This exceptional mixed-use property, located at 1029-1031 W. 36th St. in Baltimore, MD's vibrant Hampden neighborhood, presents a compelling investment opportunity. The 8,000 square foot building boasts a 7.42% cap rate and a pro-forma cap rate of 7.62%, reflecting strong financial performance. Completely renovated in 2022, the property comprises two buildings, totaling three stories, and features a mix of commercial and residential units. The commercial space is currently 100% occupied by two established tenants: Grano Pasta Bar, a popular restaurant featured on the Food Network, and Sandy's Place, a gift shop specializing in local Baltimore brands. The residential component includes eight units: two studio apartments, one one-bedroom/two-bathroom unit, one two-bedroom/one-bathroom unit, and one one-bedroom/one-bathroom unit. All units are fully furnished. Additional retail space houses Grano Mercato, an Italian specialties and wine shop. Built in 1920 with extensive renovations completed in 2022, this property benefits from its prime location on a high-traffic corner, within walking distance of Johns Hopkins University and easily accessible via I-83. The asking price is $1,895,000, with a price per square foot of $236.88 and a price per unit of $236,875. The property's strong tenant occupancy, desirable location, and recent renovations make it an attractive investment with significant potential for future growth. The Net Operating Income (NOI) is $140,586. This is a stabilized investment opportunity with no ground lease. The property is owned by Grata LLC and is being offered for sale by owner.