416 E 25th St
Baltimore, MD 21218
Fully Leased Single-Tenant Office Building · Office Property For Sale

Online Auction Only: Bidding Begins Thursday, June 14th @ 2:00pm and ends on Tuesday, June 19th @ 2:00pm. ** Opening Bid: $40,000 ** Located in the "Harwood" neighborhood of Baltimore City, the 2-story townhome style building includes 1,340 +/- sq. ft. of above grade area and is zoned OR-1 (Office Residential)/R-MU (Rowhouse Mixed-Use Overlay District). Please refer to the external links section above for a general overview of the zoning. The property also includes a rear parking pad as well as ample on street parking. The building is currently occupied by a single (long-term) tenant which renewed their lease for an additional 3-year term in October, 2017. The base rent is $1,103/month or $13,236/year. The tenant reimburses the landlord for the annual real estate taxes and cold water. The tenant pays 100% of the gas and electric utilities. The landlord pays for insurance. The first floor of the building includes a reception area, conference room, kitchenette and restroom. The second floor includes three offices and a full bathroom. The basement has a separate front entrance and is not accessible from the main building. It is full, partially finished with drywall walls, includes a flush and is currently used for storage. Heat is provided by a gas fired forced hot air system and cooling is provided by a central air conditioning system. Finishes include carpet and vinyl tile floors; plaster, tin, wood panel and drywall walls; plaster, tin and drop tile ceilings. Do not miss this one! 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. 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, June 14th @ 2:00pm and end on Tuesday, June 19th @ 2:00pm. 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.