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

Exceptional opportunity to purchase a fully leased and recently renovated mixed-use commercial strip shopping center with eight commercial units situated on a Signalized Intersection 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. Recent renovations/improvements include: • New roofs (2018) • New HVAC units (Replaced 7 units total in 2018) • New concrete rear parking lot: 4 +/- spaces (2018) • New gas meters (2018) • New hot water heater (2018) • New windows for 110 E. Patapsco Avenue • New exterior paint • New interior renovations for: 100 E. Patapsco Avenue - Units 100-E, 104, 106, 108 and 110 E. Patapsco Avenue - both downstairs and upstairs units Gross Scheduled Monthly Base Rent = $11,506.45 Gross Scheduled Annual Base Rent = $138,077.40 Gross Scheduled Monthly Base Rent plus Charges = $12,631.45 Gross Scheduled Annual Base Rent plus Charges = $151,577.40 100 E. Patapsco Avenue • Parcel Size: 0.17 +/- Acres • Zoning: C-2 • Above-Grade Area: 11,748 +/- Sq. Ft. • Concrete Parking Lot which can accommodate 4 +/- vehicles Unit 100-E - Retail Services (Health Services) • Rent: $2,184/month • Charges: $200/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 Unit 100 - Carry-Out Restaurant • Rent: $2,185.45/month • Charges: $500/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 102 & Unit 104 Unit 102 - Retail Sales • Rent: $740/month • Charges: $125/month • Move-in Date: 07/01/2019 • Location: 1st Floor - Front of Building • HVAC: This Unit shares Gas FHA + CAC with Unit 100 & Unit 104 Unit 104 - Retail Services (Hair Salon) • Rent: $1,100/month • Charges: $130/month • Move-in Date: 10/01/2018 • Location: 1st Floor - Front of Building • HVAC: This Unit shares Gas FHA + CAC with Unit 102 & Unit 100 Unit 106 - Religious Services (Church) • Rent: $2,000/month • Charges: $100/month • Move-in Date: 02/01/2019 • Location: Entire 2nd Floor • HVAC: This Unit has it's own Gas FHA + CAC Unit 108 - Retail Services (Tag & Title service) • Rent: $1,297/month • Charges: $70/month • Move-in Date: 08/01/2019 • Location: 1st Floor - Front of Building • 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 - Recording Studio • Rent: $1,300/month • Move-in Date: 05/01/2019 • Location: Front of Building • HVAC: This Unit shares Gas FHA + CAC with 2nd Floor Unit 2nd Floor - Photography and Video Recording Studio • Rent: $700/month • Move-in Date: 05/01/2019 • Location: 2nd Floor • HVAC: This Unit shares Gas FHA + CAC with 1st Floor Unit The building also includes a full, unfinished basement with a sump pump. Finishes found throughout the building include laminate, vinyl tile and ceramic tile floors; drywall walls; drop tile, drywall and metallic ceilings; fluorescent and incandescent lighting. Landlord pays the gas, electric and water/sewer bills, but is reimbursed on a flat-fee basis by tenants through additional monthly charges. Do not miss this one!