Baltimore, MD 21215,5225 FAIRLAWN AVE
Baltimore, MD 21215,5225 FAIRLAWN AVE
Baltimore, MD 21215,5225 FAIRLAWN AVE
Baltimore, MD 21215,5225 FAIRLAWN AVE
Baltimore, MD 21215,5225 FAIRLAWN AVE
Baltimore, MD 21215,5225 FAIRLAWN AVE
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$527,450

$250,000

111.0%
Est.Price: ?

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Est. payment /mo

2,884 SqFt


SOLD DATE : 10/27/2023

Key Details

Sold Price $527,450

Property Type Commercial

Sub Type Industrial

Listing Status Sold

Purchase Type For Sale

Square Footage 2,884 sqft

Price per Sqft $182

Subdivision Woodmere

MLS Listing ID MDBA2091924

Sold Date 10/27/23

Originating Board BRIGHT

Year Built 1960

Annual Tax Amount $5,843

Tax Year 2022

Lot Size 0.552 Acres

Acres 0.55

Property Description

ONLINE AUCTION: Bidding begins 7/17/2023 @ 10:00 AM. Bidding ends 7/19/2023 @ 7:00 PM. List Price is Suggested Opening Bid. Deposit: $50,000. ATTENTION INVESTORS HUGE INDUSTRIAL OPPORTUNITY! 3 Buildings and a LARGE adjacent fenced-open lot located in the Woodmere neighborhood (Within the Pimlico Area). The Property is in the middle of a primarily commercial district, just minutes away from the Pimlico Race Course, and includes access to main traffic arteries such as Reisterstown Road. The Property sits on a 22,000 square foot lot, and is partially rented. Property is currently being used for auto repair and auto storage. See below for more information regarding tenancy, rental income, and Property details.

Investment Highlights:
-Comprised of 5 lots
-Lots 41, 42, 43, 44, 45 (click our documents tab to view highlighted plat)
-10,000 square foot, multi-tenant industrial building
-12,000 square foot fenced open lot
-Property is currently being used for auto repair and auto storage

Rental Information:
Scheduled Monthly Rental Income: $8,200/mo
Scheduled Yearly Rental Income: $98,400/yr
-Property is Partially Rented

Property Information:
Fenced Lot:
-Partially Rented for $1,600/month
- Tenant is Not Current on Rent

Building #1:
-Rented for $2,600/month (includes part of the fenced lot)
-Tenant is Current on Rent
-Largest Building

Building #2:
-Vacant
-Scheduled Rent: $1,500/month
-Smaller Building

Building #3:
-Vacant
-Scheduled Rent: $2,500/month
-Smaller Building

Location

State MD

County Baltimore City

Zoning I-2

Interior

Hot Water Other

Heating Forced Air

Cooling Other

Heat Source Natural Gas

Exterior

Garage Spaces 10.0

Water Access N

Accessibility Other

Total Parking Spaces 10

Garage N

Building

Sewer Public Sewer

Water Public

New Construction N

Schools

School District Baltimore City Public Schools

Others

Tax ID 0328014539 045

Ownership Fee Simple

SqFt Source Assessor

Special Listing Condition Auction

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Bright MLS (BMLS)
Listed by Adam M Shpritz • Ashland Auction Group LLC
Bought with Nubia A Fuentes • Exit Results Realty
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3801 Kennett Pike Suite D200, Greenville, Delaware, 19807, United States

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