Bought with Manjil Bhattarai • Ghimire Homes
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429 EASTERN BLVD Essex, MD 21221
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Key Details
Sold Price $367,500
Property Type Commercial
Sub Type Office
Listing Status Sold
Purchase Type For Sale
Square Footage 3,472 sqft
Price per Sqft $105
MLS Listing ID MDBC2036042
Sold Date 08/01/22
Year Built 1943
Annual Tax Amount $3,670
Tax Year 2022
Lot Size 7,250 Sqft
Acres 0.17
Lot Dimensions 1.00 x
Property Sub-Type Office
Source BRIGHT
Property Description
List price to be opening bid at online only auction. Online registration & bidding begins Saturday, June 4th @ 2:00pm & ends Thursday, June 9th at 2:00pm. Single Tenant Commercial Building with Prime Retail Frontage in Essex. The building contains 3,472+/- SF and is configured as offices for a mental health tenant. The tenant is in year 3 of a 5 year lease and is current on all payments. There is an unpaved parking lot in the rear as well as a 1 car garage. Tenant is responsible for the interior space and pays all utilities. Current gross monthly rent of $3374.59. Current gross annual scheduled rent of $40,495.08. The property was previously used as retail and was demised into 2 units. In the future should the owner want to convert the space back to retail, the rental rate would be significantly higher.
Location
State MD
County Baltimore
Zoning BLCCC
Interior
Hot Water Other
Heating Forced Air
Cooling Central A/C
Heat Source Natural Gas
Exterior
Garage Spaces 4.0
Water Access N
Accessibility None
Total Parking Spaces 4
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Baltimore County Public Schools
Others
Tax ID 04151511000480
Ownership Fee Simple
SqFt Source Assessor
Special Listing Condition Auction
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