Dundalk Village Apartments & Retail

63 Shipping Place | Dundalk, MD 21222

Harbor Stone Advisors and Alex Cooper Auctioneers is pleased to present Dundalk Village Apartments and Retail, a mixed-use investment opportunity located in Dundalk, MD. Situauted in Baltimore County, Dundalk Village Apartments and Retail is right in the middle of the industrial and logistics hub of Baltimore with Chesapeake Commerce Center and Tradepoint Atlantic less than a 10-minute drive away.

The property features (67) residential units with a mix of (30) Studios, (35) 1 Br-1 Ba, (2) 2 Br-1 Ba, 9,127 SF of executive office space, and 69,735 SF of retail space. There is plentiful parking for both tenants and customers, with a total of 295 surface parking spaces as well as street parking.

Prior ownership extensively renovated the residential units between 2007 and 2008 by making electrical and plumbing improvements, adding split systems, and upgrading the kitchen and bathrooms with new cabinets, appliance packages, and ceramic tiled flooring. Typical unit features include black/white appliances, wood cabinets, laminate countertops, and tile/plank/carpet flooring. The opportunity exists for a new owner to renovate all of the residential units with a suggested scope of stainless steel appliances and granite countertops. Comparable properties nearby that have undergone a similar renovation scope are achieving rents at least $200 higher than the Subject property. There is also a possibility of leasing to more Section 8 tenants to further increase rents and gain certainty of rental income. A new owner can also evaluate converting the executive office suites to apartments and leasing up the remaining vacant retail spaces.