1,307 Sqft Lot
1,307 Sqft Lot
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Subdivision None Available
MLS Listing ID MDBA2158620
Originating Board BRIGHT
Year Built 1920
Annual Tax Amount $480
Tax Year 2024
Lot Size 1,307 Sqft
Acres 0.03
Property Sub-Type Mixed Use
Property Description
- Auction ends Thursday, March 20, 2025 at 12:00 PM. In Cooperation with Orin Luke of Fairfax Realty Premier. Improved Commercial Building currently NNN leased to Sakura Cafe Carry Out IV on the main level including a take out counter, full restaurant kitchen, walk in cooler, stove, deep fryers etc. There is also a half bathroom on the main level. The upper level is accessible by its own entrance including 2 bedrooms and 1 full bathroom. The lower level is unfinished with storage and utilities. Features Include:
Wood type floors & Tile throughout property. Tenant has been occupying the property since July 1, 2023. They are currently in year 2 of 5 year term. The rent increases by 5% annually throughout the term of the lease. Base rent will be $61,261 annually by 2028. Tenant is responsible for Utilities, Maintenance and Real Property Taxes. *Current Monthly Rent of $4,200***Current NNN Annual Rent of $50,400**
Location
State MD
County Baltimore City
Zoning OR-1*
Interior
Hot Water Electric
Heating Central
Cooling Central A/C
Heat Source Electric
Exterior
Water Access N
Accessibility Level Entry - Main
Garage N
Building
Foundation Other
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Baltimore City Public Schools
Others
Tax ID 0315173400 035
Ownership Ground Rent
SqFt Source Estimated
Special Listing Condition Auction
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