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Go Back TuesdayDecember 6, 2016 — 1:00pm


Public Auction Sale

NNN Leased Two Unit Retail Building on Cross St. in the Heart of Federal Hill **$76,560 Scheduled Annual NOI**

17-21 E. Cross St. Baltimore, MD 21230

Location: On the Premises

Front View

Rarely available commercial building in the heart of "Federal Hill".  The building consists 3,048 +/- sf of leasable redeveloped retail space currently demised into two suites.  Redevelopment occurred in April 2013 which included a new front facade and demolition of the interior spaces.  The building is currently occupied by two restaurants.

Features:

  • Eligible for a 10 Year Enterprise Zone Tax Credit
  • Adjacent to the West Street parking garage
  • Location has heavy foot traffic
  • Building is fully NNN leased with many years remaining on leases
  • Next to Cross St. market

Click here to download a copy of the floor plan

Click here to download a copy of the ALTA Survey

Location Description:

Federal Hill is one of the most desirable and "walkable" neighborhoods in Baltimore City.  The property is located 1 block from a Charm City Circulator stop, 3 blocks to Federal Hill Park, 7 Blocks to the Inner Harbor and 6 blocks to M&T Stadium.  Within a 2-3 minute walking radius there are countless restaurants and night life destinations.  Local employers include Johns Hopkins, Bank of America, Legg Mason, Northrop Gruman, Exelon and countless others. 

Diligence Materials:

For a copy of the leases and other dilligence materials please fill out the confidentiality agreement below and email to matt@alexcooper.com

Click here to download a copy of the confidentiality agreement

 

Ground Rent: Fee Simple

5% Buyers Premium Added To The Hammer Price

Summary of Terms of Sale: A deposit in the form of cash, cashier's check or certified check for $25,000 is due at the time and place of sale. The difference to bring the deposit up to 10% is due 2 business days after the sale in the auctioneer's office.  Settlement is 60 days after the sale date.  If payment of the balance of the purchase price is not paid within the specified period, the deposit will be forfeited and the property may be resold at the risk and expense of the defaulting purchaser. All expenses, including real estate taxes, sanitary and/or metropolitan district charges, special assessment and private utility charges are to be adjusted to date of settlement and assumed thereafter by the purchaser. Cost of all documentary stamps, settlement costs and transfer taxes to be paid by the purchaser. The property will be sold in "As is" condition without express or implied warranty as to the nature and description of the improvements. The property will be sold subject to easements, agreements, restrictions or covenants of record affecting the same, if any. Dimensions and acreage are more or less. Time is of the essence as to the terms of this contract.

NOTE: Alex Cooper Auctioneers is acting as agent for the Owner in this transaction.  Alex Cooper Auctioneers is not acting as agent for the successful bidder.  Any buyer-broker is acting as an agent for the successful bidder and is not a sub-agent of Alex Cooper Auctioneers.

Click Here For The Full Sale Terms In PDF Format


Matthew Cooper Auction Agent
410-977-4711
PLEASE NOTE
The information contained herein was obtained from sources deemed reliable, but is offered for informational purposes only. The Auctioneer, the Sellers, and their respective agents and representatives do not make any representations or warranties with respect to the accuracy of the information contained herein. Prospective purchasers are urged to make their own inspection.