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Listed by Luis H Arrazola • A.J. Billig & Company
$ 75,000
Est. payment | /mo
1,000 SqFt
$ 75,000
Est. payment | /mo
1,000 SqFt
OPEN HOUSE
Wed Jul 02, 10:00am - 11:00am
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 1,000 sqft
Price per Sqft $75
MLS Listing ID MDBA2170764
Year Built 1900
Annual Tax Amount $3,894
Tax Year 2024
Lot Size 1,040 Sqft
Acres 0.02
Property Sub-Type Mixed Use
Source BRIGHT
Property Description
REAL ESTATE AUCTION featuring ON SITE and SIMULCAST BIDDING!! Online Bidding Opens - Monday, June 30, 2025. Live On Site Auction - Wednesday, July 2, 2025 at 11:00 AM. List price is opening bid only. The auction provides an opportunity to buy an income producing asset in a location that has been steadily increasing in demand for several years. The storefront lease is through 2027 with rent increases built into the lease. The apartment lease is month-to-month, giving the buyer flexibility to renegotiate and increase rents. Storefront is rented for $1,292.27 per month. Lease is through April 30, 2027. There is a 2.5% rent increase every year. Apartment is rented for $875 per month including water. Long term (10+ years) tenants are month- to-month.
Location
State MD
County Baltimore City
Zoning OR-1*
Interior
Hot Water Other
Heating Other
Cooling Other
Heat Source Other
Exterior
Water Access N
Accessibility None
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Baltimore City Public Schools
Others
Tax ID 0312143827 042A
Ownership Fee Simple
SqFt Source Estimated
Special Listing Condition Auction
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16701 Melford Blvd, Bowie, MD, 20715-3410, USA
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