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Investment Highlights

  • Approximately 9.0% capitalization rate
  • Multiple tenants and diversified income sources (3 retail and 1 residential)
  • 1-2 mile (straight line) from I-95, I-695, MARC train station, UMBC college, Home Depot, Walmart, a new Dollar Tree steps away
  • 2026 income tracking consistently with 2025 performance
  • Town Center setting in Arbutus. Walk on a busy local street with restaurants, movie, café, convenient stores, and more.
  • Leases, rent roll, operating statements, and supporting deposit records available to qualified buyers

Executive Summary

Rare opportunity to acquire two adjacent, income-producing mixed-use buildings at 5415 and 5417 East Drive in Arbutus, Maryland.
The property generated approximately $116k in actual net operating income during 2025.
At the asking price of $1,295,000, the property offers an approximately 9.0% capitalization rate. It offers a diversified 4 tenants across approximately 9,500 square feet of rentable space. The improvements include two first-floor retail spaces totaling approximately 3,800 square feet, together with approximately 4,000 square feet of lower-level commercial space and a 2nd floor apartment with about 1260 sf.
This offering may be attractive to private investors, local property owners, and 1031 exchange buyers seeking strong current income at a price below $1.5 million.
The property is located within Arbutus’s established, walkable TOWN-CENTER like commercial district. Customers and visitors move throughout the surrounding retail blocks to access restaurants, neighborhood businesses, entertainment, and other amenities, including the nearby movie theater. Consistent with the town-center setting, parking is provided through street parking and shared public parking areas, including a large 50+ car public parking lot located across East Drive.
The property combines strong current income with a convenient Baltimore County location near UMBC, the Halethorpe MARC Station, I-695, I-95, BWI Airport, and major neighborhood retailers.
ADJACENT PROPERTY AVAILABLE SEPARATELY
The adjacent small automotive and garage property located at 5413 East Drive is also available for separate purchase.
A buyer may acquire 5415 and 5417 East Drive as a stand-alone income investment or consider acquiring the entire three-building assemblage. Package pricing and additional information are available upon request.
FINANCIAL INFORMATION
Financial information available to qualified buyers includes:
• Current rent roll
• Existing leases and occupancy information
• 2025 income and expense statement
• 2026 year-to-date operating statement
• Property tax, insurance, and utility information
• Supporting rent deposit in bank statements.

Property Facts

Sale Type
Investment
Property Type
Retail
Building Size
9,500 SF
Building Class
C
Year Built
1987
Price
$1,823,982 CAD
Price Per SF
$192.00 CAD
Cap Rate
9%
NOI
$164,158 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
1.05
Lot Size
0.21 AC
Zoning
BL - Business local zoning permits a wide range of retail, office and medical uses.
Frontage
63’ on East Drive

Space Availability

  • Space
  • Size
  • Space Use
  • Position
  • Available
  • 1st Floor
  • 2,000-6,000 SF
  • Retail
  • -
  • Now
Space Size Space Use Position Available
1st Floor 2,000-6,000 SF Retail - Now

1st Floor

Size
2,000-6,000 SF
Space Use
Retail
Position
-
Available
Now
Moderately walkable
60/100
Exceptionally drivable
90/100
Limited public transit
30/100
Fairly bikeable
50/100

Nearby Major Retailers

Bank of America
WesBanco
Wells Fargo
Truist
Shore United Bank
America's Best Wings
Weis Markets

Property Taxes

Property Taxes

Parcel Numbers
Multiple
  • 13-1311470121
  • 13-1311470120
Land Assessment
$293,105 CAD
Improvements Assessment
$418,741 CAD
Total Assessment
$711,846 CAD
  • Listing ID: 41397506

  • Date on Market: 2026-07-22

  • Last Updated:

  • Address: 5415 East Dr, Halethorpe, MD 21227

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