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List price to be opening bid at online only auction. Online registration & bidding begins Thursday, May 19th and ends Tuesday, May 24th, 2022 at 12:00PM. Substantially leased (5 out of 6 units) commercial "strip" in the Overlea area of Baltimore County. IMPROVEMENTS: The assemblage consists of 3 adjacent buildings containing 4 ground level units and 2 second floor units. There is ample public street parking in the front as well as a private side and rear parking lot. Unit Rent & Description: The strip is currently substantially leased (5 out of 6 units). Current Gross Monthly Rent: $4,867. Current Gross Scheduled Annual Rent: $58,404. Potential Gross Annual Rent Based On Full Occupancy: $70,404. Unit 1: 2,400 +/- SF commercial unit currently rented for $1,500 (Move in date 4/2020, Lease ends 3/31/25). Unit 2: 2,500 +/- SF commercial unit currently rented for $655.64 (Move in date 5/2018, Lease ends 4/30/23). Unit 3: 600 +/- SF commercial unit currently rented for $800. Unit 4: 800 +/- SF unit currently rented for $1,311.27 (Move in date 6/2018, Lease ends 5/30/21). Unit 5: 800 +/- SF unit currently rented for $600 (Move in date 6/2021, Lease ends 5/31/26). Unit 6: 800 +/- SF unit currently vacant. SITE: Lot size: 0.228+/- acres zoned BL (Business Local). UTILITIES: The property is served by gas, electric, public water and public sewer. It is believed that the units have their own gas and electric meter however some of the leases are structured where landlord pays the unit's gas and electric bills. 2020 water/sewer expense: $667.78. 2020 gas/electric expense: $4,374.43. LOCATION: Overlea is located in Baltimore County. The property is two blocks from Bel Air Road which is a major commercial hub and only a few minutes from I-695. Overlea is home to The Maryland School for the Blind's large campus. Many charming Victorian single- and multi-family homes with large yards make up this wooded and peaceful neighborhood. With access to Harford Road and Belair Road, residents like their easy transportation to both Baltimore City and County.
Listed by Matthew S Cooper of Alex Cooper Auctioneers,Inc.

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