$650,000

The single-tenant retail property at 3217 Greenmount Avenue, Baltimore, MD offers a reliable and long-term income stream supported by a tenant in continuous occupancy since January 1, 2014. A recent lease addendum secures the tenant through December 31, 2034, with an additional five-year renewal option available with six months’ written notice. The property totals approximately 3,167 square feet situated on a 0.08-acre (3,600 SF) site and is zoned C-1 (Neighborhood Commercial). Street parking is available along Greenmount Avenue, with additional parking options located within minutes of the property. Under the lease, the tenant is responsible for all property taxes, water bills, utilities, and business-related insurance, consistent with a net lease structure. However, the landlord and tenant currently split real estate taxes 50/50 as a practical accommodation. Enforcing the lease terms as written would shift full tax responsibility to the tenant, significantly improving NOI and strengthening long-term investment performance. Located at the highly visible intersection of 33rd Street and Greenmount Avenue, the property benefits from major neighborhood demand drivers including Johns Hopkins University—one block away with more than 24,000 students, faculty, and staff—and MedStar Union Memorial Hospital minutes to the north. The Greenmount–Waverly corridor is experiencing substantial revitalization supported by multimillion-dollar public infrastructure upgrades and new residential and community development. The Greenmount Avenue Streetscape Project is modernizing the district through improved sidewalks, upgraded lighting, new utilities, enhanced crosswalks, and a more attractive pedestrian environment—directly benefiting the frontage and visibility of 3217 Greenmount Avenue. Further catalytic investment is visible through The Hammond at Greenmount Park, which added 109 mixed-income residential units alongside a new state-of-the-art Enoch Pratt Library branch. These improvements demonstrate the city and state’s commitment to long-term corridor stabilization, community reinvestment, and economic growth. With rising residential density, strong institutional anchors, and improving infrastructure, the Greenmount–Waverly area is well-positioned for continued appreciation and sustained tenant demand.

Listing Map