Description:

Investor alert! This mixed-use building lends itself to a 100% fully-leased passive income opportunity. Mixed-use/front retail building has 1 tenant per full floor. 2nd floor leads to a kitchenette, small private conference room, and a large open general space with 2 smaller offices and a half bath.
Rear large 5 bay is leased by 2 tenants. Bay B is a 1,500 sqft 3-entry bay (60 x 25) consisting of 2-level drive-ins and 1 bay loading dock with no separation inside used for auto storage. Bay A is a 2-bay open space consisting of 1,000 sqft with 2 electric garage doors and is used as a dance studio. Overall bay includes 1 lift, 2 electric doors and 1 loading dock being a secured facility. This rear bay is heated by oil, new electric hot water tank and bathroom.
Rear alley easement is owned by the landlord. GLA approximately 8,626 SF (.48 acre). Recent gas HVAC installation & windows with a rear AAC permit approved exit stairs.
All current leases are modified gross (on file) along with monthly expenses and income. 1st floor of retail building lease was just renewed for another 10-years to Bakery and Supply Company. 2nd floor of front building is currently a driving school. The first 2 bays of the 5 bay garage were recently converted into a dance studio with 2-years remaining on the lease. The remaining 3 bays are for auto storage and detailing with 2 bays and 1 loading dock. These are month-to-month but would love to stay. C-3 zoning guidelines and information packet attached.
100% fully-leased passive income opportunity

Presented by:

Adriana  West

Managing Director

(678) 534-2718

(678) 907-7034

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Property Flyer

Listed by:

Annapolis