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. The sale of the property includes the liquor license. 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.
MDBA2120116
General Commercial
Baltimore City
BALTIMORE CITY
1920
0.05
Acres
Other, Public Water Service
Public Sewer
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The scores below measure the walkability of the address, access to public transit of the area and the convenience of using a bike on a scale of 1-100
Walk Score
Transit Score
Bike Score
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