1700 W Pratt Street

    BALTIMORE, MD 21223
    • $499,000
    • STATUS: Active
    • ON SITE: 179 days
    • ID#: MDBA493586
    UPDATED: 99 min ago
    $499,000
    • 0
      BEDS
    • 0.11
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Type:
    Commercial
    Built:
    1960
    County:

    School Ratings & Info

    Description

    Turnkey Commercial Rental Opportunity - Updated and fully leased commercial building located in the "Union Square" area of Baltimore City with a Gross Scheduled Annual Rent of $68,640. The 0.1 +/- acre property is zoned C-1 (Neighborhood Business District) and is served by public water and public sewer. The parcel is improved by a 6,100 +/- sq. ft., two-story masonry building and a rear macadam parking lot. First Floor: The first floor of the building is leased to a day care provider for $4,120 per month plus charges. The tenant's move-in date was July 1, 2018 and the lease ends June 30, 2023. The floorplan includes a front reception area, numerous classrooms/playrooms/nursery, commercial kitchen, utility/storage room and two restrooms (including a multiple toilet/vanity "toddler" restroom). Finishes for this floor include tile and carpet floors, drywall walls, drop-tile ceilings and fluorescent and recessed lighting. Second Floor: The second floor of the building is leased to a church for $1,600 per month plus charges. The tenant's move-in date was November 19, 2019. The lease term is five years with two five-year options. The floorplan includes a large open area, two offices and four restrooms (including a multiple toilet/vanity "toddler" restroom). Finishes for this floor include tile floors, drywall, concrete block and pegboard walls, drop-tile ceilings and fluorescent lighting. The building was built on a slab so it does not include a basement level. Each floor (tenant) has their own gas fired forced air heating system and central air conditioning system. The building includes one gas meter, one electric meter and one water meter. The Landlord pays the electric, gas and water/sewer bills, then is reimbursed by tenants on a pro-rata basis. SELLER WILL CONSIDER OWNER FINANCING FOR QUALIFIED BUYERS.

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    ©2020 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or Corner House Realty. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2020-05-31T23:48:56.973.
    www.cornerhouserealty.com/homes/101450137

    1700 W Pratt Street BALTIMORE, MD 21223

    • Price: $499,000
    • Status: Active
    • Updated: 99 min ago
    • ID#: MDBA493586
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.11
    Acres
    1960
    Built
    County:
    Baltimore City
    School District:
    Baltimore City Public Schools
    Property Description
    Turnkey Commercial Rental Opportunity - Updated and fully leased commercial building located in the "Union Square" area of Baltimore City with a Gross Scheduled Annual Rent of $68,640. The 0.1 +/- acre property is zoned C-1 (Neighborhood Business District) and is served by public water and public sewer. The parcel is improved by a 6,100 +/- sq. ft., two-story masonry building and a rear macadam parking lot. First Floor: The first floor of the building is leased to a day care provider for $4,120 per month plus charges. The tenant's move-in date was July 1, 2018 and the lease ends June 30, 2023. The floorplan includes a front reception area, numerous classrooms/playrooms/nursery, commercial kitchen, utility/storage room and two restrooms (including a multiple toilet/vanity "toddler" restroom). Finishes for this floor include tile and carpet floors, drywall walls, drop-tile ceilings and fluorescent and recessed lighting. Second Floor: The second floor of the building is leased to a church for $1,600 per month plus charges. The tenant's move-in date was November 19, 2019. The lease term is five years with two five-year options. The floorplan includes a large open area, two offices and four restrooms (including a multiple toilet/vanity "toddler" restroom). Finishes for this floor include tile floors, drywall, concrete block and pegboard walls, drop-tile ceilings and fluorescent lighting. The building was built on a slab so it does not include a basement level. Each floor (tenant) has their own gas fired forced air heating system and central air conditioning system. The building includes one gas meter, one electric meter and one water meter. The Landlord pays the electric, gas and water/sewer bills, then is reimbursed by tenants on a pro-rata basis. SELLER WILL CONSIDER OWNER FINANCING FOR QUALIFIED BUYERS.
    Exterior Features

    Construction Materials Masonry Garage YN No Parking Types Parking Lot Riparian Rights YN No Water Access YN No Water Oriented YN No Waterfront YN No

    Interior Features

    Building Area Total 6100.00 Cooling Central A/C Heating Forced Air Heating YN Yes Net Square Feet 6100.00

    Property Features

    Accessibility Features None Assessment Year 2019 Association YN No Business Type Day Care FacilityReligious Facility Cap Value Ground Rent 1387.50 Central Air YN Yes Cooling Fuel Electric Ground Rent Amount 83.25 Ground Rent Payment Frequency Semi-Annually Heating Fuel Natural Gas Hot Water Other Incorporated City Name Baltimore City Navigable Water YN N New Construction YN No Number Of Units Total 1 Original MLSNumber 302172679569 Ownership Interest Ground Rent Possession Subject To Existing Lease Property Sub Type Special Purpose Sale Type Standard Section 08 Sewer Public Sewer Tax Annual Amount 3084.00 Tax Assessment Amount 130700.00 Tax Lot 037 Vacation Rental YN No Water Source Public Zoning C-1

    Listing courtesy of Alex Cooper Auctioneers, Inc..


    ©2020 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or Corner House Realty. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2020-05-31T23:48:56.973.
     
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