1736 W North Avenue

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.