1700 W Pratt St
Baltimore, MD 21223
Retail Property For Sale

** Turnkey Commercial Rental Opportunity ** Updated, Well-maintained and Fully Leased Commercial Building Located in the "Union Square" Area of Baltimore City ** Gross Scheduled Annual Rent: $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. Gross Scheduled Monthly Base Rent = $5,720 Gross Scheduled Annual Base Rent = $68,640 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. Diligence Package: A copy of the leases, and the purchase and sale agreement are located in the "Documents" section of the brokers website, link below. In order to gain access, you must create a free account as well as accept a non disclosure agreement.