1002 Light St, BALTIMORE, MD

$450,000

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3,252

Square feet

0.05

Acres

About 1002 Light St

List price to be opening bid. Online auction to be conducted on Auctioneers website. Bidding begins Saturday, April 20th & ends Thursday, April 25th, 2024 at 12:00 pm. Improved by a 3,252+/- SF Commercial Building currently leased to Rosa's Bar and Grill restaurant. Tenant has been occupying the property since June of 2019. They recently renewed their lease with NNN terms with a 5 year term. The rent increases by at least 4% annually throughout the term of the lease. Base rent will be $98,268.12 annually in 2029. Full rental amounts can be found on the lease in the document section. **Current Gross Monthly Scheduled Rent of $7,000** **Current Annual Gross Scheduled Rent of 84,000** Location Description: Federal Hill is one of the most desirable and "walkable" neighborhoods in Baltimore City. The property is located close to a Charm City Circulator stop, Federal Hill Park, the Inner Harbor and M&T Stadium. Also walking distance to countless restaurants and night life destinations. Local employers include Johns Hopkins, Bank of America, Legg Mason, Northrop Gruman Exelon and countless others.

Features of 1002 Light St

MLS® # MDBA2120116
Price $450,000
Bathrooms 0.00
Square Footage 3,252
Acres 0.05
Year Built 1920
Type Commercial Sale
Sub-Type Other
Status Active

Community Information

Address 1002 Light St
City BALTIMORE
County BALTIMORE CITY-MD
State MD
Municipality Baltimore City
Zip Code 21230

Amenities

Is Waterfront No

Interior

Heating Forced Air
Cooling Central A/C
Has Basement No
Fireplace No

School Information

District BALTIMORE CITY PUBLIC SCHOOLS

Additional Information

Date Listed April 3rd, 2024
Days on Market 13
Zoning C-1
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

OfficeAlex Cooper Auctioneers, Inc.

Listing Map

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