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Charles C. Heyward, Jr.

charles@heywardhomes.com +1(240) 604-9639

Listed by Yaakov Kanevsky • Midfield Realty

$ 2,445,000

Est. payment | -/mo

Save

$ 2,445,000

Est. payment | -/mo

Save

Key Details

Property Type Commercial

Sub Type Other

Listing Status Active

Purchase Type For Sale

Subdivision Govans

MLS Listing ID MDBA2224310

Year Built 1958

Annual Tax Amount $36,301

Tax Year 2026

Property Sub-Type Other

Source BRIGHT

Property Description

Exceptional investment opportunity at 5900 York Road featuring a 27-unit mixed-use asset and a leased billboard, delivering a strong T-12 gross income of $358,380 and an attractive going-in cap rate of approximately 11.6%. This two-story building offers diversified revenue streams through residential, retail, and office spaces, further bolstered by an Enterprise Zone designation that provides significant tax incentives. Financial projections show robust growth, with Year 1 income of $400,380 scaling to $450,631 by Year 5, driving cash-on-cash returns from 16.65% to 22.04%. Ownership can benefit from immediate value-add potential via current vacancies and market-rate adjustments, while operational stability is reinforced by a newly updated roof and efficient 27% expense ratios. Strategically located along the high-visibility York Road corridor, the property features dedicated rear parking and seamless access to major transit routes, regional employment centers, and retail hubs, ensuring consistent demand and long-term occupancy.

Location

State MD

County Baltimore City

Zoning C2

Interior

Hot Water Other

Heating Other

Cooling Other

Heat Source Other

Exterior

Water Access N

Roof Type Asphalt

Street Surface Access - Above Grade

Accessibility None

Road Frontage City/County, State

Garage N

Building

Sewer Public Sewer

Water Public

New Construction N

Schools

High Schools Heritage

School District Baltimore City Public Schools

Others

Tax ID NO TAX RECORD

Ownership Other

Special Listing Condition Standard

Nearby Locations

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(240) 604-9639

charles@heywardhomes.com

16701 Melford Blvd, Ste 100, Bowie, MD, 20715

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5900 YORK ROAD Baltimore, MD 21212