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5225 FAIRLAWN AVE Baltimore, MD 21215
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Key Details
Sold Price $527,450
Property Type Commercial
Sub Type Industrial
Listing Status Sold
Purchase Type For Sale
Square Footage 2,884 sqft
Price per Sqft $182
Subdivision Woodmere
MLS Listing ID MDBA2091924
Sold Date 10/27/23
Originating Board BRIGHT
Year Built 1960
Annual Tax Amount $5,843
Tax Year 2022
Lot Size 0.552 Acres
Acres 0.55
Property Description
ONLINE AUCTION: Bidding begins 7/17/2023 @ 10:00 AM. Bidding ends 7/19/2023 @ 7:00 PM. List Price is Suggested Opening Bid. Deposit: $50,000. ATTENTION INVESTORS HUGE INDUSTRIAL OPPORTUNITY! 3 Buildings and a LARGE adjacent fenced-open lot located in the Woodmere neighborhood (Within the Pimlico Area). The Property is in the middle of a primarily commercial district, just minutes away from the Pimlico Race Course, and includes access to main traffic arteries such as Reisterstown Road. The Property sits on a 22,000 square foot lot, and is partially rented. Property is currently being used for auto repair and auto storage. See below for more information regarding tenancy, rental income, and Property details.
Investment Highlights:
-Comprised of 5 lots
-Lots 41, 42, 43, 44, 45 (click our documents tab to view highlighted plat)
-10,000 square foot, multi-tenant industrial building
-12,000 square foot fenced open lot
-Property is currently being used for auto repair and auto storage
Rental Information:
Scheduled Monthly Rental Income: $8,200/mo
Scheduled Yearly Rental Income: $98,400/yr
-Property is Partially Rented
Property Information:
Fenced Lot:
-Partially Rented for $1,600/month
- Tenant is Not Current on Rent
Building #1:
-Rented for $2,600/month (includes part of the fenced lot)
-Tenant is Current on Rent
-Largest Building
Building #2:
-Vacant
-Scheduled Rent: $1,500/month
-Smaller Building
Building #3:
-Vacant
-Scheduled Rent: $2,500/month
-Smaller Building
Location
State MD
County Baltimore City
Zoning I-2
Interior
Hot Water Other
Heating Forced Air
Cooling Other
Heat Source Natural Gas
Exterior
Garage Spaces 10.0
Water Access N
Accessibility Other
Total Parking Spaces 10
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Baltimore City Public Schools
Others
Tax ID 0328014539 045
Ownership Fee Simple
SqFt Source Assessor
Special Listing Condition Auction
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Bought with Nubia A Fuentes • Exit Results Realty