$900,000
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15,573 SqFt
SOLD DATE : 02/28/2023
Key Details
Sold Price $900,000
Property Type Commercial
Sub Type Mixed Use
Listing Status Sold
Purchase Type For Sale
Square Footage 15,573 sqft
Price per Sqft $57
Subdivision Highlandtown
MLS Listing ID MDBA2071820
Sold Date 02/28/23
Originating Board BRIGHT
Year Built 1920
Annual Tax Amount $9,803
Tax Year 2022
Lot Size 6,624 Sqft
Acres 0.15
Property Description
REAL ESTATE AUCTION featuring ON SITE and SIMULCAST BIDDING!! Online Bidding Opens - Monday, February 6, 2023. Live On Site Auction - Wednesday, February 8, 2023 at 11:00 AM. List price is opening bid only. Currently arranged for 6 dwelling units and 4 commercial spaces, the building is 70% occupied, with two of the dwelling units and rear garage space currently vacant. Gross scheduled monthly rentals are $9,205, or $111,679 annually. Tenants include the United States Postal Service, wholesale meat purveyor, salon and residential tenants. A contractor currently occupies some of the storage space by agreement with the owner. The Postal Service is scheduled for a $300/month rent increase in May. Estimated gross scheduled rent with the USPS increase and a 10% vacancy factor would be $137,000.
The property is located at the corner of S. Highland Avenue and Bank Street in the heart of Highlandtown. The Creative Alliance, Southeastern Branch of the Enoch Pratt Free Library, Matthew’s Pizzeria and dozens of other noteworthy businesses are within a few blocks. Johns Hopkins East Baltimore and Johns Hopkins Bayview are each within 2 miles. Patterson Park is less than one-quarter mile west.
Location
State MD
County Baltimore City
Zoning C-1
Interior
Hot Water Electric
Heating Central, Other
Cooling Central A/C, Window Unit(s)
Heat Source Natural Gas
Exterior
Garage Spaces 1.0
Waterfront N
Water Access N
Accessibility None
Parking Type Private Garage
Total Parking Spaces 1
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Baltimore City Public Schools
Others
Tax ID 0326126299A037
Ownership Fee Simple
SqFt Source Assessor
Special Listing Condition Auction
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Bought with Charles N Billig • A.J. Billig & Company
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