4902 Ritchie Hwy
Brooklyn Park, MD 21225
Office Property For Sale

GALLERY SALE! This is one of Numerous Multi, Single Family & Commercial Investment Properties Throughout Baltimore City. For more information, leases and bidder registration see auctioneer's website. (Link below) **Lot #50** Mixed Use Building in the “Brooklyn Park” Neighborhood of Anne Arundel County **ANNUAL SCHEDULED BASE RENTAL INCOME OF $30,000** Two unit mixed use building with office space and an apartment unit. According to tax records there is 2,340 +/- square feet of above grade space, large partially finished lower level and the lot size is 6,250 +/- square feet. The property is zoned C3 - General Commercial (refer to AA county website in external links for more info on C3 zoning). The property has highly visible frontage on Ritchie Highway and a very large rear yard. Both units are serviced by their own gas hot water heaters and central HVAC systems with gas furnaces. There are three electric meters and three gas meters. Unit 1: 1st floor and lower level currently rented to a construction company for a base rent of $1,500/month. Includes offices, kitchenette, bathrooms and storage in lower level. The lease move in date was 11/2016 and expires 12/2018. The tenant is responsible for reimbursing the landlord approximately 64% of taxes, operating costs and insurance. Please refer to the lease for the full terms and conditions. Unit 2: Second floor apartment unit currently on month to month. The rent is $1000/month with $934 being paid by S8 and $66 being paid by the tenant. The tenant moved in 11/2016. Tenant is responsible for paying their own gas, electric and water/sewer utilities. Please refer to the lease for the full terms and conditions. Current gross monthly base rental income of: $2,500 Scheduled gross annual base rental income of $30,000 Diligence Package: Leases and lead certs (if available) 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.