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Listed by Charles N Billig • A.J. Billig & Company
$1,500,000
Est. payment /mo
5,975 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
Square Footage 5,975 sqft
Price per Sqft $251
Subdivision Mount Vernon
MLS Listing ID MDBA2161882
Year Built 2007
Annual Tax Amount $21,150
Tax Year 2024
Property Sub-Type Retail
Source BRIGHT
Property Description
AUCTION POSTPONED!! List price is opening bid only. Also being auctioned - Units B & C. Units to be offered both individually and as an entirety. Online Bidders - Deposit/Escrow Agreement must be received prior to the start of the live auction. 1209 N. Charles Street
Units A, B & C comprises three separately owned retail condominium units in Twelve09 Condominium in Midtown-Belvedere. The three street level units are part of an expansive mixed-use complex north of Mount Vernon and 3 blocks south of Penn Station. The property is surrounded by the University of Baltimore and the Maryland Institute College of Art (MICA).
Unit A is 100% occupied, leased to Starbucks, Chipotle, Smoothie King and Subway on NNN leases with 3 18-year remaining terms (including options). Current scheduled annual rents are $206,584.44 plus percentage rent (Subway). Units B and C (a/k/a 1207 N. Charles Street) are vacant. Gross building area for all 4 units is approximately 14,000 square feet. By square footage, the assemblage is 42% occupied.
Units A, B & C comprises three separately owned retail condominium units in Twelve09 Condominium in Midtown-Belvedere. The three street level units are part of an expansive mixed-use complex north of Mount Vernon and 3 blocks south of Penn Station. The property is surrounded by the University of Baltimore and the Maryland Institute College of Art (MICA).
Unit A is 100% occupied, leased to Starbucks, Chipotle, Smoothie King and Subway on NNN leases with 3 18-year remaining terms (including options). Current scheduled annual rents are $206,584.44 plus percentage rent (Subway). Units B and C (a/k/a 1207 N. Charles Street) are vacant. Gross building area for all 4 units is approximately 14,000 square feet. By square footage, the assemblage is 42% occupied.
Location
State MD
County Baltimore City
Zoning C-2
Interior
Hot Water Other
Heating Other
Cooling Other
Heat Source Other
Exterior
Water Access N
Accessibility Other
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Baltimore City Public Schools
Others
Tax ID 0311010484 023
Ownership Condominium
Special Listing Condition Standard
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