Laura Gilley Listing Details!

bedrooms |
full baths
0.05 ACRES
Year Built: 1920
CANCELED
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. The sale of the property includes the liquor license. 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.
Property Details
MLS #
MDBA2120116
Property Type
Commercial Sale
Listing Status
CANCELED
Listing Price
$450,000
Year Built
1920
Lot Acreage
NA
Subdivision
City
BALTIMORE
County
BALTIMORE CITY
Water Source
Public
Sewer
Public Sewer
Zoning
C-1
Exterior Details
Home Type
Parking
None
Interior Details
Interior Space
sq ft
Heating
Natural Gas - Forced Air
Cooling
Electric - Central A/C
Hot Water
Other
Accessibility Features
None
Financial Details
County Tax
$9,409.00
Special Tax Assessment
$0
Tax Year
2023
Total Assessment
$398,700
Total Taxes
$9,409
Listing Courtesy of
Listing Office
Alex Cooper Auctioneers, Inc.
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