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$ 99,000
Est. payment /mo
Price Dropped by $51K
1736 W NORTH AVE Baltimore, MD 21217
1,307 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Subdivision None Available
MLS Listing ID MDBA2158620
Originating Board BRIGHT
Year Built 1920
Annual Tax Amount $480
Tax Year 2024
Lot Size 1,307 Sqft
Acres 0.03
Property Sub-Type Mixed Use
Property Description
List price is Opening Bid Only at the Online auction to be conducted on Auctioneers website. Auction ends Thursday, April 24, 2025 at 12:00 PM. In Cooperation with Orin Luke of Fairfax Realty Premier. Excellent Investment Opportunity Leased Commercial Building in the "Penn North" Neighborhood of Baltimore City. This upgraded mixed-use commercial property is a cash-flowing asset with built-in rental growth and minimal landlord responsibilities. The tenant has been in place since July 1, 2023, and is in year two of a five-year term, with 5% annual rent increases locked in—projected to reach $58,344 annually by 2028. Tenant is responsible for Utilities, Maintenance and Real Property Taxes and Insurance. **Current Monthly Rent of $4,200**Current NNN Annual Rent of $50,400** Currently leased under a solid NNN lease to Sakura Cafe Carry Out IV, the main level features a fully equipped restaurant with a take-out counter, commercial kitchen, walk-in cooler, stove, deep fryers and a half bathroom. They also have access to the basement - which has storage space and utilities. The upper level is accessible by its own entrance including 3 bedrooms and 1 full bathroom. Ideal for added rental income, staff housing, or office conversion. Features Include: Stylish wood-style and tile flooring flow throughout the building. Washer & Dryer. Inquire within to secure a turnkey property with reliable income and long-term upside! Please contact Carley Cooper or Orin Luke to schedule a walkthrough for the following dates. Saturday, April 5, 2025, Sunday, April 6, 2025, Saturday, April 12, 2025, Sunday, April 13, 2025.
Location
State MD
County Baltimore City
Zoning OR-1*
Interior
Hot Water Electric
Heating Central
Cooling Central A/C
Heat Source Electric
Exterior
Water Access N
Accessibility Level Entry - Main
Garage N
Building
Foundation Other
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Baltimore City Public Schools
Others
Tax ID 0315173400 035
Ownership Ground Rent
SqFt Source Estimated
Security Features Main Entrance Lock,Window Grills
Special Listing Condition Auction
Listed by Carley R. Cooper • Alex Cooper Auctioneers, Inc.