3226 Greenmount, Baltimore, MD 21218

Property Description

Located along the Greenmount Avenue and 33rd Street, this retail center boasts eight (8) retail and restaurant tenants with high visibility along Greenmount Avenue and 33rd Street. With 17,952+/- SF of leasable area on a 22,910 SF corner parcel, Waverly Shopping Center is poised to continue with significant potential rent growth. These commercial properties are located approximately one block from Giant Food and near Johns Hopkins University, MedStar Union Memorial Hospital and surrounded by other successful neighborhood retail and restaurant businesses. On the weekends, you’ll find the farmers market, the spring music series and pop-up events in Waverly Commons, an open-air community space managed by Waverly Main Street. The current tenants include Lux Nails, China Express, Quick Mart, Boost Mobile, B5 Seafood Carry-out, AD Smoke Shop, Sakura Teriyaki, and Kyngz Lounge. In 2021, significant upgrades were made to the property, including roof replacement ($70,550), HVAC upgrades ($59,350), electrical upgrades ($20,550) as well as plumbing, framing, drywall and flooring improvements ($134,850+). The scheduled gross rent and additional rent exceeds $453,000 with an annual NOI of $307,000+/-. Additional details about the leases and operations are available. Contact the listing agent for details. This sale is subject to the approval of the US Bankruptcy Court, District of Maryland. Additional due diligence materials available after signing a Confidentiality Agreement. Contact Listing Agent for details.