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605 Reisterstown Road, Pikesville, MD 21208
$619,500
605 Reisterstown Road, Pikesville, MD 21208View this property at 605 Reisterstown Road, Pikesville, MD 21208
605 Reisterstown RoadPikesvilleMD21208
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Property Description
List price to be opening bid at online only auction. Online registration and bidding begins Saturday, September 16th, and ends Thursday, September 21, 2023 at 1:00PM. Excellent opportunity to purchase a fully leased commercial property with 5 tenants and parking; located in Pikesville, Baltimore County. The owner's recently made capital expenditures for some of the units. Most of the tenants have been long term and have recently updated leases. Property Description: 3 Buildings with 5 units. According to SDAT there is 4,597 +/- square feet of above grade area, and approximately .56+/- acres. Current Gross Scheduled Monthly Base Rent: $6,000. Current Gross Scheduled Annual Base Rent: $72,000** **As of November 2023 Owners have confirmed that tenants are current on their base rent obligations. (08/26/2023). Unit 603- Scheduled Monthly Rent: $1,500. Currently rented to a Performing Arts Studio. Unit 603 1/2 - Scheduled Monthly Rent: $900. Currently rented to a Hair Salon Rent turns month-to-month in November 2023. Unit 605-AB - Scheduled Monthly Rent: $1,400 Currently rented to a compound pharmacy. Rent increases to $1,500/monthly for years 2 & 3 of the lease. Unit 605-C - Scheduled Monthly Rent: $1,000 Currently rented to a Gold Shop 2 year lease Unit 605 1/2 - Scheduled Monthly Rent: $1,200 Currently rented to Yesh Hummus, affiliated with the restaurant located in the small strip center on the other side of the fence. Rent increases to $1,300/monthly for year 2 of the lease. Recent Capital Expenditures (per the seller). Roof replaced on the Gold & Pharmacy building $20,729.00. HVAC for the Dance Studio $5,900.00. Roof replaced on Dance Studio $13,250.00. Zoning: The property is zoned BL-Buiness Light. Expenses: Water Bill $850, Insurance $6,764.00, Property Tax $10,500.00.
Full Property Details
Full Property Details for 605 Reisterstown Rd
General
- Sold For: $619,500
- Taxes: $10,194 (2022)
- Status: Closed
- Type: Commercial
- MLS ID: MDBC2076858
- Added to Site: 263 day(s) ago
Business
- Business Type: Other
Parking
- Total Spaces: 25
- Parking Type: Other
Location
- County: Baltimore
- Driving Directions: Slade Ave to Reisterstown Road
Heating & Cooling
- Cooling Type: Other
- Cooling Fuel: Electric
- Heating Type: Other
- Heating Fuel: Other
- Water Heater: Other
Utilities
- Sewer: Public Sewer
- Water: Public
Structural Information
- Construction: Other
- Stories/Levels: 0
- Year Built: 1940
- Year Built Source: Assessor
Unit Information
- # Tenants: Multiple
Lot Features
- Lot Size (Acres): 0.56
- Lot Size (Sq. Ft.): 24,390
- Lot Size Source: Assessor
- Lot Dimensions: 1.00 x
- Zoning: BL
Financial Considerations
- Price Per Sq. Ft.: $54.97
- Assessment Year: 2023
- County Tax: $7,425
- County Tax Freq: Annually
- Tax w/Assessment: $612,600
- Tax Amount: $10,194
- Tax Year: 2022
Disclosures and Reports
- Buyer’s Brokerage Compensation: 1%
- Ownership: Fee Simple
Listed by Alex Cooper Auctioneers, Inc., Larry E Cooper
Sold by Smart Realty, LLC, Mojisola E Okubanjo
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Schools
Schools serving 605 Reisterstown Rd
School District:Baltimore County Public Schools
Rating | Name | Grades | Distance |
---|---|---|---|
4300 Crest Heights Rd, Baltimore, MD 21215 | 1-5 | 0.7 mi | |
7701 Seven Mile Ln, Baltimore, MD 21208 | 6-8 | 0.8 mi | |
Pikesville High School
7621 Labyrinth Rd, Baltimore, MD 21208 | 9-12 | 1.2 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 605 Reisterstown Rd
Date
Details
Price
Change
Source
11/28/2023
Sold
$619,500
54.87%
MLS
8/28/2023
Listed
$400,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
605 Reisterstown Road, Pikesville, MD 21208 (MLS# MDBC2076858) is a Commercial property that was sold at $619,500 on November 28, 2023. Want to learn more about 605 Reisterstown Road? Do you have questions about finding other Commercial real estate for sale in Pikesville? You can browse all Pikesville real estate or contact a Coldwell Banker agent to request more information.