For Sale $4,600,000
Property Type Retail
Property Size 31,334 SF
Units 16
Lot Size 1.4 Acre
Parking Spaces Avail. 80
Property Tenancy Multi-Tenant
Year Built 1940
Year Renovated 2018
Date Updated Dec 4, 2023

Necessity center located in bustling Govans at intersection of York Rd and Woodbourne Ave. Excellent visibility with a ADT of +20,000. Features a large parking field, a York Rd pylon and dense demographics of over 10,000 households in a 1 M radius. Blocks away from icons like Belvedere Square, the Senator Theatre as well as Loyola, MedStar Hospital, Morgan State, Notre Dame and more!VALUE ADD OPPORTUNITIES: 1. All the leases have clauses allowing for Landlord to recover from Tenants expenses for trash and utilities and most leases allow for collection of Tenant's share of CAM (including heating, cooling, plumbing, electrical and other systems). However, Landlord is collecting only a portion of this potential recoverable income from the Tenants. 2. A new owner could restructure the expiring modified-gross leases and update them as true NNN leases. Thus, a new owner could potentially collect additional income of approx. $70,000 (or $2.22 psf) in Tenant reimbursements for the owner's taxes and property insurance.

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Attachments

Intro Brochure Homeland Center 5400 York Rd.pdf (PDF) opens in new window

Highlights

31,334 SF center on 1.40 Acres
100% leased to 16 tenants, with mix of necessity retail and offices
VALUE ADD: Opportunity to restructure leases to NNN from modified gross, and collect additional income!
Large lot & York Rd pylon! Visible to over 20,000 cars per day
Dense local demographics with a population of over 28,500 in 1 Mile

Contacts

Gilbert R. Trout

Trout Daniel & Associates

(443) 921-9332

Location

Getting Around

Walk Score ®
86/100 Very Walkable
Transit Score ®
57/100 Good Transit
Bike Score ®
56/100 Bikeable

Map
Street

City Baltimore, MD
Neighborhood Homeland
Zip Code 21212
Market Baltimore

Points of Interest

Cold Spring Lane

2.17 miles
Mount Washington

2.41 miles
Woodberry

2.45 miles
Falls Road

2.57 miles
North Avenue

3.10 miles
Baltimore Penn Station

3.33 miles
Mount Royal / University of Baltimore

3.38 miles
Mondawmin

3.46 miles
Penn–North

3.57 miles
West Cold Spring

3.59 miles

Sunoco

0.03 miles
Carroll Motor Fuels

0.19 miles
Marathon

0.36 miles
Exxon

0.61 miles
Sunoco

0.64 miles
Exxon

0.86 miles
BP

0.95 miles
ChargePoint

1.09 miles
Mobil

1.28 miles
BP

1.28 miles

Parking-Loyola

0.83 miles
Parking-Loyola

1.09 miles
Schwartz Ave Parking Lot

1.18 miles
Morgan Commons Garage

1.67 miles
CE Lot

1.69 miles
North Campus Garage

1.70 miles
Baltimore Poly/Western Parking

1.81 miles
Johns Hopkins at Keswick Parking Garage (Employee Only)

1.82 miles
West Garage

1.85 miles
Park here for Herring Run Nursery

2.07 miles

The Royal Seafood & Pizza

0.02 miles
Corner Carry Out

0.03 miles
Pizza Boli's

0.04 miles
Real Deal Jamaican & American Carry Out

0.05 miles
Roma Little Italy

0.06 miles
Stoko's Carry Out

0.08 miles
Noir

0.29 miles
Nailah’s

0.33 miles
Heritage Smokehouse

0.35 miles
McDonald's

0.36 miles

Asia Food

0.13 miles
Shoppers Food Warehouse

0.76 miles
Supermarket

1.20 miles
Giant

1.21 miles
Eddie’s of Roland Park

1.29 miles
Lidl

1.42 miles
Stoneleigh Shopping Center

1.60 miles
The Rotunda

1.71 miles
MOM's Organic Market

1.74 miles
Eddie's

1.77 miles

Frequently Asked Questions

What is the total square footage of Homeland Center?

Homeland Center totals 31,334 square feet.

When was this property built?

Homeland Center was built in 1940.

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