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2047 E Monument Street

BALTIMORE, MD 21205
  • $240,000
  • STATUS: Active
  • ON SITE: 141 Days
  • ID#: MDBA2003546
UPDATED: 28 min ago
$240,000
  • 0
    BEDS
  • 0.03
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Commercial
Built:
1900
County:

School Information

Middle School:
High School:

Description

This building is in a great location for retail or restaurant, near Hopkins complex on E. Monument St , one half block from the Northeast Market. It was in terrible condition when the current owner bought it to transform into a restaurant during the pandemic. The interior has been completely gutted from the basement to the roof rafters, and the walls have been rebuilt as needed, repointed, shorn up, etc. There is new sub-flooring on all levels, there is a new, larger extension to the rear of the building, exterior concrete has been laid in the alleyway and the back of the building, a new steel security door at the rear, repurposed wrought iron gates for the alley, two new smaller roofs for the new extensions, new siding at main level extension at the rear, new windows at the front second and third floors, and much more. The building has planning engineering drawings that have been permitted/approved by the city for a restaurant. The building is a blank slate, currently in RAW cold shell shape, ready for a new owner to complete. Although planning permission has been received for a restaurant on the first two levels and an office on the top floor, the new owner can ask for permit permission on a variety of uses. None of the systems have been installed for that reason, as configurations will change based on use. The seller is motivated to either sell or lease this building to a group that will want to complete the construction for their own purposes. This building was purchased with ground rent allegedly in place, but the current owner has been trying to redeem it for almost two years through the title company that settled the property. The ground rent holder has not responded, and the State of Maryland has issues with allowing redemption because the building is listed as commercial rather than residential, and they say they can only redeem through the State if the ground rent is residential. All that is being fought, and the current owner is still trying to redeem it. The building is in RAW shape and can only be entered at your own risk, and only with the owner and/or owner and lister accompanying. There is no electric, so it is dark.

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©2021 Bright MLS, All Rights Reserved. IDX information is provided exclusively 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. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or The Mike Coleman Team | Keller Williams Realty Devon-Wayne. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2021-11-27T21:49:41.233.
www.mikecolemanteam.com/homes/119114612
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2047 E Monument Street BALTIMORE, MD 21205

  • Price: $240,000
  • Status: Active
  • On Site: 141 Days
  • Updated: 28 min ago
  • ID#: MDBA2003546
0
Beds
0
Baths
0
½ Baths
0.03
Acres
1900
Built
County:
Baltimore City
Elementary School:
Commodore John Rogers Elementary-Middle School
Middle School:
Northeast
High School:
Patterson
School District:
Baltimore City Public Schools
Property Description
This building is in a great location for retail or restaurant, near Hopkins complex on E. Monument St , one half block from the Northeast Market. It was in terrible condition when the current owner bought it to transform into a restaurant during the pandemic. The interior has been completely gutted from the basement to the roof rafters, and the walls have been rebuilt as needed, repointed, shorn up, etc. There is new sub-flooring on all levels, there is a new, larger extension to the rear of the building, exterior concrete has been laid in the alleyway and the back of the building, a new steel security door at the rear, repurposed wrought iron gates for the alley, two new smaller roofs for the new extensions, new siding at main level extension at the rear, new windows at the front second and third floors, and much more. The building has planning engineering drawings that have been permitted/approved by the city for a restaurant. The building is a blank slate, currently in RAW cold shell shape, ready for a new owner to complete. Although planning permission has been received for a restaurant on the first two levels and an office on the top floor, the new owner can ask for permit permission on a variety of uses. None of the systems have been installed for that reason, as configurations will change based on use. The seller is motivated to either sell or lease this building to a group that will want to complete the construction for their own purposes. This building was purchased with ground rent allegedly in place, but the current owner has been trying to redeem it for almost two years through the title company that settled the property. The ground rent holder has not responded, and the State of Maryland has issues with allowing redemption because the building is listed as commercial rather than residential, and they say they can only redeem through the State if the ground rent is residential. All that is being fought, and the current owner is still trying to redeem it. The building is in RAW shape and can only be entered at your own risk, and only with the owner and/or owner and lister accompanying. There is no electric, so it is dark.
Exterior Features

Construction Materials BrickCombinationConcreteMixed Garage YN No Location Type Business District Other Equipment None Parking Types On Street Property Condition Major Rehab Needed Riparian Rights YN No Roof Composite View City Water Access YN No Water Oriented YN No Water View YN No Waterfront YN No

Interior Features

Building Area Total 2151.00 Cooling None Exclusions N/A Flooring Rough-In Heating None Inclusions None-Property Is In Raw Shell State Net Square Feet 2151.00 Security Features Security Gate

Property Features

Accessibility Features None Assessment Year 2021 Association YN No Building Permits Other Business Type FlexOther/General RetailProfessionalRestaurant/BarOther Cap Value Ground Rent 0.00 Central Air YN No Cooling Fuel None Electric Other Elevators 0 Entry Level 1 Ground Rent Amount 195.00 Ground Rent Payment Frequency Annually Heating Fuel None Historic YN No Hot Water None Lease Considered YN Yes Municipality Baltimore City Navigable Water YN N New Construction YN No Number Of Units Total 1 Original MLSNumber 800836970540 Ownership Interest Ground Rent Possession Negotiable Property Sub Type Retail Sale Type Standard Section 12 Sewer No Sewer System Tax Annual Amount 3066.00 Tax Assessment Amount 129933.00 Tax Lot 020 Transportation Bus Stop Less Than 1 Mile Utilities None Vacation Rental YN No Water Source None Year Built Effective 2021 Zoning C-3 Zoning Description Variably Listed As C-1 Or C-3. Mixed Use Or All Commercial Possible.

Listing courtesy of Realty Executives Premier.


©2021 Bright MLS, All Rights Reserved. IDX information is provided exclusively 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. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or The Mike Coleman Team | Keller Williams Realty Devon-Wayne. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2021-11-27T21:49:41.233.
 
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