412 E Baltimore St
Baltimore, MD 21202
Retail Property For Sale

Tenant Occupied Commercial Building with prime retail frontage in the "Downtown" area of Baltimore City. **Scheduled Annual Base Rent of $26,400** Location: The property is located in the heart of Downtown Baltimore City and is surrounded by various shops, bars, restaurants, hotels and government office buildings. Located on what is referred to as "The Block" there is constant foot traffic at almost all hours of the day including weekends. "The Block" is known for its multiple adult entertainment venues. Property: The property contains 2,500 +/- square feet of above grade space and approximately 2,500 +/- square feet of lower level space for a total of approximately 5,000 +/- square feet. The property is currently configured as a 2-tenant commercial building, both on the main level. The front part of the property is occupied by a restaurant know as "MJ's Carryout" which is currently rented for $2,200 per month. The back part of the property is currently vacant but was previously rented for $2,300 per month in February of 2019 as a liquor and convience store. The lower level of the property is currently unfinished and extends the length of the property. The building is separately metered, separate electrical boxes, and separate A/C. Each part of the property has 100 AMP electric service. The building shares 1 gas hot water heater. The property contains 1 bathroom to be shared by both tenants. This is a tremendous opportunity for an income producing comercial property with major upside or an owner occupant! Current Scheduled Monthly Base rent is $2,200 Current Scheduled Annual Base Rent is $26,400 Potential Monthly Base Rent is $4,500 - $5,500 Potential Annual Base Rent is $54,000 - $66,000 Diligence Package: A copy of the purchase and sale agreement with assorted addenda are located in the documents section. In order to gain access, you must create a free account as well as accept a non disclosure agreement. Auction Notes: Timed Online Auction will begin Thursday, December 12th @ 1:00pm and end Tuesday, December 17th @ 1:00pm 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 WILL ONLY work using desktop/laptop browser or the Alex Cooper Real Estate iOS (Apple) app.