109 Melrose Ave

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109 Melrose Ave

Catonsville, MD 21228
Asking Price
$625K
Asset Type
Office
Class
Class B

What's Special

109 Melrose Avenue is located in the heart of Catonsville, Maryland, situated just off Frederick Road’s established commercial corridor. The surrounding neighborhood features a mix of historic residential architecture and local retail businesses, creating a walkable professional environment. The property offers proximity to various dining options, banks, and service-oriented amenities. Access to the Baltimore beltway (I-645) and I-95 is less than two miles away, providing efficient regional connectivity to downtown Baltimore, BWI Thurgood Marshall Airport, and the surrounding suburbs. The building is suited for small to mid-sized professional services firms seeking a quiet, accessible office environment outside of a dense urban center. Ideal use cases include legal practices, accounting firms, medical consultants, or creative agencies. The layout and location cater to tenants who value a community-oriented setting with the convenience of private parking and easy client access. This asset provides a functional workspace for local businesses looking to establish a presence within the Catonsville market while maintaining proximity to major Maryland transit hubs.

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NOI
$80,000
Cap Rate
12.80%
DSCR
2.16
Strong
Cash-on-Cash
22.88%
Monthly Payment
$3,092.159
Annual Cash Flow
$42,894.092

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