4902 Ritchie Hwy
Brooklyn Park, MD 21225
Mixed Use Building in “Brooklyn Park” · Office Property For Sale

Mixed Use Building in the “Brooklyn Park” Neighborhood of Anne Arundel County ** Gross Scheduled Annual Rent: $28,788 ** Exceptional opportunity to purchase a two unit mixed use building located in the Brooklyn Park area of Anne Arundel County. The property is served by public water and sewer and includes 50' of highly visible road frontage along Ritchie Highway. It is zoned C3 (General Commercial) and improved by a detached building which contains 2,340 +/- sq. ft. of above grade building area according to Anne Arundel County Tax Records. The property is also improved by a concrete parking pad in the rear. Unit 1 - Commercial Tenant (1st floor): Currently rented to a barber shop/salon for $1,299/month. The floorplan includes open rooms with hair cutting stations, kitchenette and bathrooms. Please refer to the lease found in the "Documents" section for the full terms and conditions. Unit 2 - Residential Tenant (2nd floor): Currently rented for $1,100/month. The floorplan includes an eat-in kitchen, three bedrooms and a full bathroom. Please refer to the lease found in the "Documents" section for the full terms and conditions. Basement: The basement of the building is full, unfinished and includes two sump pumps and a half-bathroom. This portion of the building has separate front and rear entrances, but is not accessible from the inside of the building. Current gross scheduled monthly rent: $2,399 Scheduled gross annual base rental income of $28,788 The units are self-contained and heated by their own gas fired forced air heating systems and cooled by their own central air conditioning systems. Hot water is provided by individual water heaters for each unit. There are three electric meters and three gas meters. Diligence Package: Rent roll, leases, select expenses, a lead certificate for the residential unit and a copy of the purchase and sale agreement with assorted addenda are located in the documents section of the auctioneer's website, link below. In order to gain access, you must create a free account as well as accept a non disclosure agreement. Auction Notes: Timed Online Auction which begins Saturday, December 7th @ 2:00pm and ends on Thursday, December 12th @ 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. Online bidding only available using a desktop web browser. Online bidding WILL NOT work using mobile devices and tablets running Android.