6423 Frederick Road, Baltimore, MD 21228

$1,000,000
List Price
$1,000,000
Days On Market
72
Status
ACTIVE
MLS#
MDBC488966
Lot Size (Acres)
0.37
Year Built
1950
County
Baltimore
School District
Baltimore County Public Schools

Property Description

List Price is Opening Bid only. BEING SOLD ONLY AS AN ENTIRETY WITH 6425 FREDERICK ROAD (Tax ID: 04-01-01-03000210). TIMED ONLINE AUCTION: Begins Saturday, June 20th @ 1:00 pm and ends on Thursday, June 25th @ 1:00 pm. $25,000 Deposit. WE APOLOGIZE FOR ANY INCONVENIENCE BUT THE PREVIOUSLY SCHEDULED OPEN HOUSE HAS BEEN CANCELLED. PRIVATE APPOINTMENTS ARE AVAILABLE. Exceptional opportunity to purchase an updated and well-maintained strip shopping center and office complex known as "The Shoppes at Paradise Center" with road frontage along highly trafficked Frederick Road (MD Route 144). The shopping center/office complex is 94% leased and is conveniently located in Catonsville, only a few blocks from nearby I-695 and minutes from major thoroughfares including I-70, I-195, US Route 40, Wilkens Avenue and S. Rolling Road, among others. Gross Potential Annual Rent is $299,000 (including Charges and based on full occupancy). LOCATION: Catonsville is a census-designated place (CDP) in Baltimore County, Maryland with a population of over 41,000 as of the 2010 census. It is located to the West of Baltimore City and contains the majority of the University of Maryland, Baltimore County (UMBC), a major public research university with close to 14,000 students. The area is home to a diverse mix of eateries, coffee shops, shopping, parks and much more. SITE: Assemblage of two contiguous parcels. 6423 Frederick Road (Tax ID: 01-0111001920): Contains 0.36 +/- acres (16,000 +/- sq. ft.) of land area which is zoned BL (Business Local) and served by all utilities. 6425 Frederick Road (Tax ID: 01-0103000210): Contains 0.36 +/- acres (16,000 +/- sq. ft.) of land area which is zoned BL (Business Local) and served by all utilities. IMPROVEMENTS: 6423 Frederick Road (Tax ID: 01-0111001920): Improved by a two-story masonry building which contains 10,206 +/- sq. ft. of above-grade building area (according to Baltimore County Tax Records) and a macadam parking lot in the rear. 6425 Frederick Road (Tax ID: 01-0103000210): Improved by a one and two-story masonry building which contains 4,860 +/- sq. ft. of above-grade building area (according to Baltimore County Tax Records) and a macadam parking lot in the rear. The buildings contain a total of 25 rental units (including a small storage closet): Retail Units: 10 ~ Office Units: 14 ~ Storage Closet: 1 Between 2014 and 2020, major interior and exterior improvements/renovations to the properties include: new roofs ~ new windows ~ new HVAC ~ new electric service ~ new awnings ~ new plumbing ~ new retaining walls in the rear ~ new signage ~ newly paved parking lots ~ extensive interior improvements ~ partially re-wrapped exterior. Typical finishes for the units include ceramic tile, laminate and vinyl tile floors along with drywall walls and ceilings. Heating is provided by gas fired forced air systems and cooling is provided by central air conditioning systems. The retail storefront tenants pay for their own electric and gas utilities, which are separately metered. The water/sewer bills are also paid by the respective retail storefront tenants, except for units 6419 and 6431. The water/sewer bills for units 6419 and 6431 are paid by the landlord. The office units are leased on a "Full Service" basis. The Landlord pays the electric, gas and water/sewer bills for all of the office tenants.

Additional Information

Taxes
$24991
School District
Baltimore County Public Schools
Heating
Forced Air
Heating Fuel
Natural Gas, Electric
Cooling
Central A/C, Ductless/Mini-Split
Water
Public
Sewer
Public Sewer

Mortgage Calculator

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Listing courtesy of Alex Cooper Auctioneers, Inc..