Remarks

List price is Opening Bid at the Online auction to be conducted on Auctioneers website.
- Auction ends Thursday, March 20, 2025 at 12:00 PM. In Cooperation with Orin Luke of Fairfax Realty Premier. Improved Commercial Building currently NNN leased to Sakura Cafe Carry Out IV on the main level including a take out counter, full restaurant kitchen, walk in cooler, stove, deep fryers etc. There is also a half bathroom on the main level. The upper level is accessible by its own entrance including 2 bedrooms and 1 full bathroom. The lower level is unfinished with storage and utilities. Features Include:
Wood type floors & Tile throughout property. Tenant has been occupying the property since July 1, 2023. They are currently in year 2 of 5 year term. The rent increases by 5% annually throughout the term of the lease. Base rent will be $61,261 annually by 2028. Tenant is responsible for Utilities, Maintenance and Real Property Taxes. *Current Monthly Rent of $4,200***Current NNN Annual Rent of $50,400**

Details

MLS#: MDBA2158620
Price: $150,000

Year Built: 1920

County: BALTIMORE CITY
Subdivision: None Available
Tax Fee: 480.0