From: King Street Property Group LLC <[email protected]>
Email from Organization Name   🔥Glen Burnie Mixed-Use 4 Unit Property🔥 11 Vernon Avenue, Glen Burnie, MD 21061 VALUE-ADD MIXED-USE | 11 Vernon Ave, Glen Burnie, MD 21061 Buy Now: $685,000 | Current Rent: $6,746/mo ($80,952/yr) | 100% Occupied Fully leased 4-unit mixed-use building: 3 street-level commercial units plus a 3 bed / 2 bath apartment. All four leases expire between Oct 2026 and Jan 2027, giving the next owner a near-term chance to revisit rents at renewal. Current commercial rents work out to roughly $11-15/sf on owner-estimated square footage, which is below what comparable Glen Burnie retail space is asking. THE PROPERTY 3 commercial units + 1 residential apartment (3 bed / 2 bath) 100% occupied; per owner, tenants pay their own utilities 0.22 acre lot, built 1954. 6,162 sf per tax record; individual unit sizes below are owner estimates. Buyer to verify. Property taxes: $8,116/yr RENT ROLL Unit 7 (commercial, ~1,200 sf est.): $1,545/mo, lease ends 12/31/2026 Unit 9 (commercial, ~1,700 sf est.): $1,751/mo, lease ends 12/31/2026 Unit 11 (commercial, ~2,000 sf est.): $1,800/mo, lease ends 10/30/2026 Unit 11A (3 bed / 2 bath apartment): $1,650/mo, lease ends 1/5/2027 THE VALUE-ADD OPPORTUNITY All 4 leases roll within roughly 90 days (Oct 2026 to Jan 2027), giving a new owner a near-term window to revisit rents In-place commercial rents of roughly $11-15/sf sit below what comparable Glen Burnie retail space is asking The 3 bed / 2 bath apartment rents for $1,650/mo, below typical asking rents for 3-bedroom units in the area Tenants pay their own utilities, so rent growth flows straight to the bottom line Rent math (illustrative): every $1/sf/yr increase across ~4,900 sf of commercial space adds about $4,900/yr; moving the apartment up $350/mo adds $4,200/yr Owner-user angle: occupy a unit for your own business and let the other three carry the building WHY GLEN BURNIE About 10 minutes to BWI, minutes from I-97 and the Baltimore Beltway Established retail corridor with steady small-business demand TERMS OF PURCHASE $10,000 Non-Refundable EMD
Closing Date: 10/30/2026 Assignment Contract
Buyer Pays All Closing Costs No Inspection Contingencies No Financing Contingencies (Cash or Hard Money Only) Title Will Convey Clear Upon Close Showings of all units available to qualified buyers by appointment 📣FOR INQUIRIES OR TO SUBMIT AN OFFER📣 📲REPLY TO THIS EMAIL OR TEXT 571-317-1731📲
DISCLAIMER 📌This is an assignment of contract. A legally binding agreement to purchase the property has been executed with the seller, granting exclusive rights to market this property. Please refrain from contacting the owner/seller without our explicit permission. Unauthorized contact or attempts to renegotiate with the owner may lead to legal action 📌Opinions regarding the After Repair Value (ARV) and rents are provided as a courtesy and do not carry any explicit or implied guarantees 📌It is the buyer’s responsibility to conduct their own due diligence and verify all