August 29, 2023 – Chris King and Kyle Danielson of Horvath & Tremblay have successfully completed the sale of a mixed-use building in Baltimore, Maryland. Horvath & Tremblay exclusively represented the seller to complete the transaction at a sale price of $2,250,000.
The mixed-use property is located at 3728-3736 Eastern Avenue in Baltimore, Maryland. The Property consists of two adjacent buildings constructed in 1962 and 1987 with 16,325 square feet of gross leasable area on 0.23 acres of land. The mixed-use investment contains five (5) total units, including two (2) retail units at street-level and three-office units. The Property is currently leased to an attractive mix of tenants that thrive in a high foot-traffic urban environment. Chicken Rico, a Peruvian style chicken restaurant, and Rent-A-Center are well positioned to take advantage of downtown demographics, and the offices provide a complimentary mix of healthcare and social services in a high-demand, densely-populated area where they can serve a wide clientele. Most notably, Johns Hopkins Maryland WIC offers excellent synergy with the strong influence of the nearby Johns Hopkins Bayview Medical Center and Johns Hopkins Hospital. 3728-3738 Eastern Avenue is situated in an exceptional urban location on a hard corner in the Highlandtown neighborhood of Baltimore. The highly visible parcel sits at the signalized intersection of Eastern Avenue and South Eaton Street, in a densely-populated, urban in-fill location with incredible access to area amenities. The Property is just 1 mile from Interstate 895, 1.3 miles from Interstate 95 and approximately 3 miles from the center of downtown Baltimore. The Johns Hopkins Bayview Medical Center is just 0.7 miles away along Eastern Avenue, and the location is less than two miles from Johns Hopkins Hospital, two major hospitals in the Johns Hopkins sphere, which serves as the preeminent healthcare and medical education provider in Baltimore.
Horvath & Tremblay is one of the most active and successful Investment Real Estate Brokerage firms in the United States. Our advisors specialize in the sale of single tenant net-lease assets and retail shopping centers. They have experience successfully structuring sale lease-back programs, portfolio dispositions, and 1031 exchanges. Horvath & Tremblay is dedicated to being the best source of information and expertise in the marketplace for private investors, developers, institutions, and industry professionals.