211 E 25th St
Baltimore, MD 21218
Fully Leased Office Building · Office Property For Sale

GALLERY SALE AUCTION! THIS IS ONE OF OVER 50 PROPERTIES IN BALTIMORE CITY! May 16th @ 11:00AM at our gallery located at 908 York Road, Towson MD & via online bidding! List price to be opening bid. More info, Deposit, terms and bidder registration on auctioneer’s site. Fully Leased Office Building with a Government Tenant in the Charles Village neighborhood of Baltimore City **$64,573 Gross Scheduled Annual Rental Income THERE WILL BE A GUIDED TOUR OF THE PROPERTY ON THURSDAY, MAY 10 AT 11AM PROMPTLY Located in the Charles Village neighborhood of Baltimore City, the building has 4,890 +/- sq. ft. of above grade area and is zoned Office Residential (OR-1) / Rowhouse Mixed-Use Overlay District (R-MU). Please refer to the external links section to get a general overview of the zoning. The property includes a rear parking lot with 8 +/- spots as well as ample on street parking. The roof was replaced in 2015. The property is currently occupied by a single tenant. However, the building does have 9 separate electric meters, organized into 8 suites plus public service, which would lend itself well to a multi-tenant configuration in the future. There are 4 levels of the building with "front" and "back" suites on each floor for a total of 8 suites. Each suite is seperately metered for electric and has its own HVAC unit. There are a total of 8 HVAC units which are electric powered for both cooling and heat. The property has been continuously leased by the City of Baltimore since 1996. The City of Baltimore has recently exercised its final option to renew which expires on April 30th, 2019. The monthly rental amount starting May 1 is $5,381.13. The full lease terms and history is available in the documents section. Summarized Lease Abstract: • Tenant pays electric (no gas utilities used in the building) • Tenant pays real estate tax amount that has increased above base 1996 ammount • Tenant pays for janitorial services • Tenant keeps sidewalk and entrance free of debris, snow and ice • Landlord pays real estate taxes • Landlord pays water/sewer • Landlord repairs and maintains building structure and mechanicals Diligence Package: Lease and a copy of the purchase and sale agreement with assorted addenda are located in the documents section of the auctioneers website, link below. In order to gain access, you must create a free account as well as accept a non disclosure agreement. Auction Notes: Auction to be held at the Auctioneers Gallery located at 908 York Road, Towson MD AND via online bidding Wednesday, May 16th @ 11:00am. Online bidding registration opens Friday, May 11th @ 11am; Live gallery/In person bidding registration begins Wednesday, May 16th @ 10:00am. Online Bidding Notes: The initial deposit must be made via credit card, wire transfer or by Cashier's Check. Please review the online bidding terms and deposit transmittal form in the Documents Section for more details. Online bidding only available using a desktop web browser. Online bidding WILL NOT work using mobile devices and tablets running iOS or Android.