Turnkey Commercial Rental Opportunity - Updated and fully leased commercial building located in the "Union Square" area of Baltimore City with a Gross Scheduled Annual Rent of $68,640. The 0.1 +/- acre property is zoned C-1 (Neighborhood Business District) and is served by public water and public sewer. The parcel is improved by a 6,100 +/- sq. ft., two-story masonry building and a rear macadam parking lot. First Floor: The first floor of the building is leased to a day care provider for $4,120 per month plus charges. The tenant's move-in date was July 1, 2018 and the lease ends June 30, 2023. The floorplan includes a front reception area, numerous classrooms/playrooms/nursery, commercial kitchen, utility/storage room and two restrooms (including a multiple toilet/vanity "toddler" restroom). Finishes for this floor include tile and carpet floors, drywall walls, drop-tile ceilings and fluorescent and recessed lighting. Second Floor: The second floor of the building is leased to a church for $1,600 per month plus charges. The tenant's move-in date was November 19, 2019. The lease term is five years with two five-year options. The floorplan includes a large open area, two offices and four restrooms (including a multiple toilet/vanity "toddler" restroom). Finishes for this floor include tile floors, drywall, concrete block and pegboard walls, drop-tile ceilings and fluorescent lighting. The building was built on a slab so it does not include a basement level. Each floor (tenant) has their own gas fired forced air heating system and central air conditioning system. The building includes one gas meter, one electric meter and one water meter. The Landlord pays the electric, gas and water/sewer bills, then is reimbursed by tenants on a pro-rata basis. SELLER WILL CONSIDER OWNER FINANCING FOR QUALIFIED BUYERS.
|Price Reduced||$499,000||$50,900 (9.26%)|
|Price Reduced||$549,900||$49,100 (8.20%)|
|Price Increased (from $250,000)||$599,000||$349,000 (139.60%)|
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Listing information last updated on June 5th, 2020 at 4:20am CDT.