2510 E MONUMENT ST Pending Save Request In-Person Tour Request Virtual Tour
Baltimore,MD 21205
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Pending
Purchase Type For Sale
Subdivision Milton-Montford
MLS Listing ID MDBA2158600
Year Built 1890
Annual Tax Amount $960
Tax Year 2024
Lot Size 910 Sqft
Acres 0.02
Property Sub-Type Mixed Use
Source BRIGHT
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. Prime Investment Opportunity – Fully Leased Commercial Property! This improved mixed-use building is currently NNN leased to Sakura Cafe Carry Out II, offering a strong income stream with minimal management required! The tenant has occupied the space since November 1, 2022, and is currently in Year 3 of a 5-Year NNN lease. There is a 5% annual rent increases which is projected to reach $58,344 annually by 2027. Tenant covers all utilities, maintenance and real property taxes. Current Monthly Rent of $4,410**Current NNN Annual Rent of $52,920** The main level features a fully operational restaurant, complete with a take-out counter, full commercial kitchen, walk-in cooler, stove, deep fryers, and a half bathroom. The tenant also has access to the basement that has storage space and utilities. The upper level is separately metered and includes 2 spacious bedrooms and 2 full bathrooms. Don't miss your chance to own a stabilized, income-producing asset in a high-demand location! Features Include: Two Meters, 2 Entrances, Upgraded Wood type floors & Tile throughout property, Each bedroom upstairs has a ductless mini split system, Washer & Dryer. Do not miss this great investment opportunity! 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 C-1
Interior
Hot Water Electric
Heating Other
Cooling Central A/C,Ceiling Fan(s)
Heat Source Natural Gas
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 0307171625 067
Ownership Fee Simple
SqFt Source Estimated
Special Listing Condition Auction