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. 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.
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 |
| 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 | 32 |
| Zoning | C-1 |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Listing Agent | Matthew Cooper |
|---|---|
| Listing Office | Alex Cooper Auctioneers, Inc. |
| Listing Office Phone | 4108284838 |