Remarks

MOUNT VERNON RETAIL ASSEMBLAGE REAL ESTATE AUCTION featuring ON SITE and SIMULCAST ONLINE BIDDING! Online Bidding Opens - Monday, May 12, 2025. Live On Site Auction - Tuesday, May 13, 2025 at 12:00 noon. List price is opening bid only. Also being auctioned - Units A & C. Units to be offered both individually and as an entirety. Online Bidders - Deposit/Escrow Agreement must be received prior to the start of the live auction. 1209 N. Charles Street Units A, B & C comprises three separately owned retail condominium units in Twelve09 Condominium in Midtown-Belvedere. The three street level units are part of an expansive mixed-use complex north of Mount Vernon and 3 blocks south of Penn Station. The property is surrounded by the University of Baltimore and the Maryland Institute College of Art (MICA). Unit A is 100% occupied, leased to Starbucks, Chipotle, Smoothie King and Subway on NNN leases with 3 18-year remaining terms (including options). Current scheduled annual rents are $206,584.44 plus percentage rent (Subway). Units B and C (a/k/a 1207 N. Charles Street) are vacant. Gross building area for all 4 units is approximately 14,000 square feet. By square footage, the assemblage is 42% occupied.

Details

MLS#: MDBA2161892
Price: $300,000

Year Built: 2007

County: BALTIMORE CITY
Subdivision: Mount Vernon
Tax Fee: 21051.0