1723-1727 Earhart Rd Local commercial 825 m² 100 % Loué À vendre Baltimore, MD 21221 614 530 € (745,32 €/m²)

Baltimore County, Maryland
REAL ESTATE AUCTION
Opening Bid: $700,000
Live Onsite & Online Simulcast Bidding
Essex Area
MIXED-USE ASSEMBLAGE
4 Unit Retail Strip & 9 Residential Units
Known As:
1752-1758 EASTERN BOULEVARD
A/K/A 1723-1727 EARHART ROAD
Near MD-702 (Southeastern Freeway)
Essex, Baltimore County, Maryland 21221
$151,200 Gross Annual Income
100% Occupied – Value Add Opportunity
Online Bidding Opens
MONDAY, MAY 19, 2025
Live Onsite Auction
WEDNESDAY, MAY 21, 2025 AT 11:00 A.M.
NOTE: The information contained herein has been obtained from sources deemed reliable and is believed to be accurate. However, no express or implied warranty is made or may be inferred from any such representation. Dimensions, square footage and acreage contained herein are more or less. Prospective purchasers are encouraged to perform their own due diligence, in advance of the auction, regarding the permitted uses of the property.
GENERAL INFORMATION:
The property is comprised of three tax records known as 1723, 1725 and 1727 Earhart Road, but is better known by the commercial addresses of 1752-1758 Eastern Boulevard. The property comprises a retail strip of 4 storefronts, 6 apartment units and three single family rental homes. All 13 units are occupied, many at under market rents, with a total gross scheduled annual rent of $151,200. The high exposure location sits a short distance east of the Eastern Boulevard and MD-702 interchange, one of the busiest commuter sections of the southeastern Baltimore area. Leasing demand for both small commercial and residential rentals in the area is strong. The auction presents the opportunity to purchase a property with stable income, make strategic value add improvements and increase the long term profitability of the asset.
LOCATION:
The property is located in the Essex area of southeastern Baltimore County. Eastern Boulevard, sometimes Eastern Avenue, is the primary local east/west thoroughfare running from the middle of Baltimore City (Eastern Avenue) out to Middle River. MD-702, the local expressway for the southeastern portion of the County, is located just one-quarter mile west. Exposure at the site is healthy, with daily traffic of approximately 38,895 cars per day (AADT) according to MDOT transportation statistics. Surrounding commercial property uses include a variety of retail, automotive, educational, recreational and hospitality.
The location is also convenient for area residents, with a variety of retail shopping, recreational opportunities and access to major commuter routes and employers in the area. The surrounding subdivision of Edgewater comprises approximately 250 single family homes of varying sizes. The neighborhood is well established, having originally been developed in the 1940s.
SITE:
The site comprises three lots totaling 17,942 square feet, or 0.41 acre, more or less.
The lots front a total of 150' (50' each) on both Eastern Boulevard and Earhart Road. Depths of approximately 120'. Three curb cuts on Earhart Road. 14 surface parking spaces in front of commercial units, and potential 1-2 car parking in front of each of the houses.
All public utilities. Zoned BL – Business Local and DR 5.5 Residential
IMPROVEMENTS & UNIT DESCRIPTIONS:
The three properties are designated on tax records by the Earhart Road addresses mentioned above. Improvement descriptions herein are identified by mailing addresses for marketing purposes.
The properties are improved by three bungalows and a two story mixed-use building arranged as 4 storefronts and 6 apartments. Total scheduled monthly rent is $12,600, or $151,200 annually. Residential units are believed to be MDE lead free with current Baltimore County rental registration/licenses. Three tenants (2 residential & 1 commercial) are believed to be delinquent on the rent. Landlord pays heat and electric for apartment units.
1723 Earhart Road – Bungalow – Believed to contain 725 square feet. Vinyl siding, asphalt shingle roof, replacement windows, forced air heat (gas). Arranged for living room, kitchen, two bedrooms, bath and attic. Mixed finishes. Rented for $1,450 per month.
1725 Earhart Road – Bungalow – Believed to contain 725 square feet. Vinyl siding, asphalt shingle roof, replacement windows, forced air heat (gas). Arranged for living room, kitchen, two bedrooms, bath and attic. Mixed finishes. Rented for $1,400 per month.
1727 Earhart Road – Bungalow – Believed to contain 725 square feet. Vinyl siding, asphalt shingle roof, replacement windows, forced air heat (gas). Arranged for living room, kitchen, two bedrooms, bath and attic. Mixed finishes. Rented for $1,200 per month.
1752-1754 Eastern Boulevard – Two story brick semi-detached building arranged for two storefronts on the first floor and three apartments on the second floor. Believed to comprise 3,400 sq. ft. GBA. Torch down roof. Replacement windows. Gas forced air heat. Apartment finishes are mixed, including wood floors, LVP, standard vinyl flooring and ceramic tile. See photos for example conditions.
1752 Eastern Boulevard First Floor – Herb Shop – $900/month
1754 Eastern Boulevard First Floor – Candle Shop – $1,000/month
Apartment 1 – 2 Bedroom Unit – $900/month
Apartment 2 – Efficiency Unit – $500/month
Apartment 3 – 1 Bedroom Unit – $800/month
1756-1758 Eastern Boulevard – Two story brick semi-detached building arranged for two storefronts on the first floor and three apartments on the second floor. Believed to comprise 3,300 sq. ft. GBA. Torch down roof. Replacement windows. Oil forced air heat. Apartment finishes are mixed, including wood floors, LVP, standard vinyl flooring and ceramic tile. See photos for example conditions.
1756 & 1758 Eastern Boulevard First Floor – Thrift Shop (1756) with sub-lease to a Retail and Apparel Store (1758) – $2,200/month
Apartment 1 – 1 Bedroom Unit – $850/month
Apartment 2 – 2 Bedroom Unit – $900/month
Apartment 3 – 1 Bedroom Unit – $500/month
TAXES: A total of $ 16,592.52 annually
FINANCIAL INFORMATION & LEASES:
Please complete the Waiver and Confidentiality agreement to receive copies of rent roll, leases and other due diligence information.
MANNER OF SALE:
Entirety sale only.
SUMMARY TERMS OF SALE:
Please see the contract of sale for complete terms.
Live Auction Bidders – A deposit of $75,000, payable by cashier’s check, will be required of the purchaser at time and place of sale.
Online Auction Bidders – A deposit of $75,000, payable by cashier’s check or wire, will be required of all online bidders prior to the start of the live auction. The deposit will be held in escrow until the completion of the auction and will be retained from the winning bidder. Other bidder deposits will be returned within one business day. Interested parties who do not provide a deposit in advance as stated above will not be permitted to bid.
NOTES: List price is opening bid only. See sample contract for full terms of sale. Contact listing broker for due diligence information.