100-110 E Patapsco Ave
Baltimore, MD 21225
Retail Property For Sale

ONLINE BIDDING ONLY!** Opening Bid: $250,000 ** Updated and Well-Maintained Mixed-Use Strip Center Situated on a Signalized Intersection Located in the "Brooklyn" Area of Baltimore City ** Gross Scheduled Annual Rent = $90,996 ** Auction Notes: Online bidding will begin Thursday, April 26th @ 1:00pm and end Tuesday, May 1st @ 1:00pm. ** Guided Tour/Open House to take place on: Wednesday, April 25th, promptly @ 1pm ** Exceptional opportunity to purchase an updated and well-maintained mixed-use commercial strip shopping center situated at the southeast corner of E. Patapsco Avenue and S. Hanover Street, at the southern tip of the Brooklyn neighborhood of Baltimore City. It is conveniently located a mere 4 blocks north of Ritchie Highway (MD-Route 2) in Anne Arundel County, approximately 3 miles northeast of BWI airport with direct access from Maryland Route 170. Access to the Baltimore Beltway (I-695) is just 2 miles south, while the Harbor Tunnel Throughway (I-895) is only 1 block north. The Inner Harbor and the Baltimore Downtown Business District are less than 2 miles to the northeast of the property. The property includes two tax accounts which are known as 100 and 110 E. Patapsco Avenue. The strip center includes seven commercial units and one residential unit: Gross Scheduled Monthly Base Rent = $7,583 Gross Scheduled Annual Base Rent = $90,996 100 E. Patapsco Avenue • Parcel Size: 0.17 +/- Acres • Zoning: C-2 • Above-Grade Area: 11,748 +/- Sq. Ft. Unit A - Vacant (Previously a "Tag & Title" service) • Rent: $0/month • Move-in Date: N/A • Location: 1st Floor - Front of Building • HVAC: This Unit has it's own Gas FHA + CAC Unit B - Vacant (Previously a Hair Salon) • Rent: $0/month • Move-in Date: N/A • Location: 1st Floor - Front of Building • HVAC: This Unit shares Gas FHA + CAC with Unit C & Unit D Unit C - Retail Store (Boost Mobile) • Rent: $1,201.99/month • Move-in Date: 09/16/2014 • Location: 1st Floor - Front of Building • HVAC: This Unit shares Gas FHA + CAC with Unit B & Unit D Unit D - Carry-Out Restaurant • Rent: $2,121.80/month • Move-in Date: 10/10/2014 • Location: 1st Floor - Front & Side of Building (Facing both E. Patapsco Avenue & S. Hanover Street) • HVAC: This Unit shares Gas FHA + CAC with Unit B & Unit C Unit E - Retail Services (Health Services) • Rent: $2,060/month • Move-in Date: 07/01/2016 • Location: 1st Floor - Side of Building (Facing S. Hanover Street) • HVAC: This Unit has it's own Gas FHA + CAC 2nd Floor - Vacant (Previously a Church) • Rent: $0/month • Move-in Date: N/A • Location: Entire 2nd Floor • HVAC: This Unit has it's own Gas FHA + CAC 110 E. Patapsco Avenue • Parcel Size: 0.03 +/- Acres • Zoning: C-2 • Above-Grade Area: 2,392 +/- Sq. Ft. 1st Floor - Tattoo Parlor • Rent: $2,200/month (Rent includes 2nd Floor Residential Unit) • Move-in Date: 03/10/2017 • Location: Front of Building • HVAC: This Unit shares Gas FHA + CAC with 2nd Floor Apartment 2nd Floor - Residential Unit (Leased by Tattoo Parlor) • Rent: Included in the Rent for Unit 1 • Move-in Date: 03/10/2017 • Location: Entire 2nd Floor • HVAC: This Unit shares Gas FHA + CAC with 1st Floor Unit Finishes found throughout the building include carpet, vinyl and ceramic tile floors; drywall walls; drop tile and drywall ceilings; fluorescent lighting. Landlord pays cold water. Diligence Package: A copy of the leases and rent roll, along with the purchase and sale agreement with assorted addenda are located in the "Documents" section of the auctioneers website. In order to gain access, you must create a free account as well as accept a non disclosure agreement.