1002 Light Street
Baltimore,
MD
21230
Property Details
List Price: |
$450,000 |
Beds: |
-- |
Baths: |
-- |
Status: |
Active |
SqFt: |
-- |
Agency: |
Alex Cooper Auctioneers, Inc. |
Description/Comments
Lot Size: |
-- |
Property Type: |
Commercial |
Year Built: |
1920 |
Notes: |
List price to be opening bid. Online auction to be conducted on Auctioneers website. Bidding begins Saturday, April 20th & ends Thursday, April 25th, 2024 at 12:00 pm. Improved by a 3,252+/- SF Commercial Building currently leased to Rosa's Bar and Grill restaurant. Tenant has been occupying the property since June of 2019. They recently renewed their lease with NNN terms with a 5 year term. The rent increases by at least 4% annually throughout the term of the lease. Base rent will be $98,268.12 annually in 2029. Full rental amounts can be found on the lease in the document section. **Current Gross Monthly Scheduled Rent of $7,000** **Current Annual Gross Scheduled Rent of 84,000** Location Description: Federal Hill is one of the most desirable and "walkable" neighborhoods in Baltimore City. The property is located close to a Charm City Circulator stop, Federal Hill Park, the Inner Harbor and M&T Stadium. Also walking distance to countless restaurants and night life destinations. Local employers include Johns Hopkins, Bank of America, Legg Mason, Northrop Gruman Exelon and countless others. |
MlsNumber: |
MDBA2120116 |
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Listing Provided By: |
Alex Cooper Auctioneers, Inc., original listing |
Name: |
Alex Cooper Auctioneers, Inc. |
Phone: |
(410) 828-4838 |
Office Name: |
Alex Cooper Auctioneers, Inc. |
Office Phone: |
(410) 828-4838 |
Agent Name: |
Matt Cooper |
Disclaimer: |
Copyright © 2024 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. |