11 Lexington E # 100

Baltimore, MD
$ 749,500 Beds 0 Baths 0 Sq 2,995
Monthly Estimate* How much can I afford?

Price just lowered 100K! Motivated Seller! Rare Opportunity to own the prime 1st floor only of this newly renovated Office Condominium Building near the beautiful Inner Harbor and Courthouses in Baltimore! The Unit is fully leased to a large international medical organization with locations in multiple cities. This location contains a Retail Pharmacy plus medical facilities and exam rooms for patients. The original lease term is for 5 years and 4 months (10/01/17-01/31/2023). The tenant completely renovated the medical office from 2017-2019 investing an estimated $250,000-$300,000 before opening its doors. The Tenant recently (in 2019) build a permanent ramp and railing at the entrance to accommodate medical patients. Also, the building itself was renovated in 2017-2018 and the entire building is fully leased and/or occupied by owner users. A new security system was installed in 2018 as well as all Lighting was converted to LED energy efficient lighting and all old boilers were removed and installed with high efficiency HVAC Units. The Landlord pays base taxes only. Tenant pays any increase from base taxes and condo fees. Lease includes annual increases of 3%. Tenant pays for repairs as well as Utilities (Water and Electric), Cleaning and upkeep. This is rare opportunity to own the most prized area of any building (the 1st Floor Retail/Medical office space) without having the challenges of renting standard higher floors office space. This Unit also includes storage units in the basement that are deeded with the condo which can be leased for additional income separate from the 1st floor. Extra Features: This property is located in a Tax advantaged Opportunity Zone creating an attractive long term real estate investment. This property is also located in a Federally Designated HUBZone area which is an excellent opportunity for a long term tenant Government Contractor or an Owner/User Government Contractor who needs that location status.

Commercial

  • Price
  • $ 749,500
  • Lot Size
  • Bedrooms
  • 0
  • Sqr Footage
  • 2,995
  • Full Bathrooms
  • 0
  • Year Built
  • 1921
  • Half Bathrooms
  • 0
  • City, Zip
  • Baltimore
  • Taxes
  • 3080
  • County
  • BALTIMORE CITY
  • Style
  • Professional
  • Area
  • MLS#
  • MDBA496092
  • Zip
  • 21202
Listing Provided by: Paradise Realty, Inc.

Features

General

Accessibility 32 + wide Doors, 36 + wide Halls, 48 + Halls, 2+ Access Exits, Doors - Lever Handle(s), Accessible Switches/Outlets, Elevator, Entry Slope <1', Wheelchair Mod
Business Type Professional
Construction Materials Brick
Cool Fuel Electric
Cooling Energy Star Cooling System
County BALTIMORE CITY
Days on Market 344
Heating Energy Star Heating System
Location Type Business District
New Construction No
Ownership Other
Possession Immediate
Price Per Sq Ft 49.97
Property SubType Office
Property Type Commercial Sale
Real Estate Owned Y/N No
Security Features Desk in Lobby, Intercom, Security System, Smoke Detector, Surveillance Sys
Sewer Public Sewer
Tax Annual Amount 3080.0
Tax Year 2019
Unit Number 100
Vacation Rental Y/N No
Water Access Y/N No

Interior Features

Central Air Y/N No
Heating Fuel Natural Gas
Heating Y/N Yes
Hot Water Natural Gas

Exterior Features

Building Area Total 15000.00
Navigable Water Y/N No
Type of Parking None
Water Oriented Y/N No
Water Source Public
Water View Y/N No
Waterfront Y/N No

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Affordability Calculator

$3,068

Per Month

Based on the average sale price from the Moorestown, NJ office

  • Monthly Principal & interest $1,939
  • Monthly Property Taxes $1,062
  • Monthly Home Insurance $67
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Let's determine your purchasing power. Working with my mortgage partner, you'll have the information you need to shop for a home with confidence.

Default based on a 30-year fixed rate of 4.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA, or jumbo loans.

Schools

Elementary School Unknown Elementary School
Middle School Unknown Middle School
High School Unknown High School

Price History

2/17/2020 Listed $999,500
5/6/2020 6% - $949,500
7/17/2020 11% - $849,500
9/18/2020 12% - $749,500

Property vs Zip Code Average in 21202

Price
AVG $320K
$750K
Taxes
AVG $5,000
$3,080
Visits
AVG 81
105
Year Built
AVG 1914
1921
Walkscore
AVG 95
99
Data Provided by Walkscore ® not using MLS data

Map

11 Lexington E # 100 Baltimore, MD is a Single Family Home for sale at $749500 with 2995 sqft and a lot size of Acre(s). 11 Lexington E # 100 Baltimore has 0 bedrooms, 0 baths and was built in 1921. The property's zip code is 21202 which is in Baltimore, MD

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 4.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

All information deemed reliable, but not guaranteed, and should be independently verified. The real estate information and related content displayed on this site is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.