Karmic Connection 508 S. Broadway, Historic Fells Point, Baltimore

Transcription

1 PRESENTS: Karmic Connection 508 S. Broadway, Historic Fells Point, Baltimore VALUABLE REAL ESTATE, CASH FLOWING BUSINESS, BUSINESS ASSETS, AND INVENTORY OFFERED FOR SALE Offered at $899,000

2 REAL PROPERTY 508 S. Broadway INDENTIFICATION: 508 S. Broadway Baltimore, MD Historic Fells Point TOTAL SQUARE FEET: 3,342 DESCRIPTION: RETAIL SPACE: AVAILABLE OFFICE: MARKET RATES: OPERATING EXPENSES/TAXES: UTILITIES: JANITORIAL: The project includes a 3.5 level building totaling 3,342 square feet of useable space. The first floor is retail. Floors are used as office and storage. The building is brick masonry construction Unit 1: approx 2,144 sf Unit 2: approx 1,200 sf Unit 1- Retail: $18.65 p.s.f. Triple Net Unit 2- Office: $10.00 p.s.f. Gross Tenant responsible for the pro-rata share of real estate taxes, currently $1.95 p.s.f., operating expenses, and Insurance. Tenants pay separately metered utilities costs directly to BGE. Water is not separate. Tenant is responsible for janitorial services in their premises. PARKING: ZONING: Street: Mix of free and metered throughout the neighborhood B22 (Retail and Office permitted by right) TOTAL NUMBER OF LEVELS: 3.5 ELEVATOR: None CEILING HEIGHT: 9-12 EXTERIOR CONSTRUCTION: Attractive brick and glass exterior 2

3 FLOOR CONSTRUCTION: ELECTRIC SERVICE: HEATING SYSTEM: AIR CONDITIONING: UTILITY SERVICE: COMMUNICATIONS: BUILDING BUSINESS HOURS: Wood 120 amp service panel Forced Air Central Public water, public sewer, gas, electric Comcast Cable and telephone serve the property Verizon and Comcast on street 24 Hour Access YEAR BUILT: 1920 ADDITIONAL INFORMATION: Served by public transportation High-image building located near the intersection of Broadway & Fleet in Historic Fells Point and next to the new Market Place at Fells. Conveniently located east of I-83 and Downtown Baltimore Over 20,000 Cars Per Day Close proximity to hotels, major retail centers, recreational uses, cultural hubs, industry, commerce, education, and commuter rail, arts & Entertainment Illuminated signage and Panel available fronting Broadway Walkability Score of 96% (Walker s Paradise Excellent access to I-395, I-95, I-83, Penn Station, Port of Baltimore, Johns Hopkins, and Baltimore Central Business District 3

4 BUSINESS ASSETS Karmic Connection BUSINESS TYPE: Retail YEARS ESTABLISHED: 25+ GOODS SOLD: AVERAGE SALES (3 yr trend): CASH FLOW: INVENTORY: FURNITURE, FIXTURES, EQUIPMENT: ADDITIONAL ASSETS: Tobacco, Cigarettes, Cigars, Loose Tobacco, Tobacco Accessories, Smoking Accessories, Glassware, Pipes, Clothing, Vitamins, Supplements, Apothecary, Herbs, Tapestries, Gems & Jewelry, Accessories, Décor, Art, Etc. Confidentially available with NDA Agreement and PFS. Over $1M/yr Confidentially available with NDA Agreement and PFS. Over Items. Current at cost value Confidentially available with NDA Agreement and PFS. Full list confidentially available with NDA Agreement and PFS. Includes all glass cases, P.O.S. System, Security Equipment, Furniture, Storage Racks, Display Racks, Desks, Chairs, Decorations, Signs, Etc 25+ years of Goodwill, Website, Social Media Pages, Phone Numbers, Vendor Relationships, Branding, Name, Signage, etc. 4

5 BUSINESS RATINGS: Google Business: 4.3 / 5 Stars Facebook: 5 / 5 Stars Yelp: 4.5 / 5 Stars Mapquest: 9 / 10 Stars Yellow Pages: 5 / 5 Stars BBB: A+ Rating EMPLOYEES: MANAGEMENT: LIABILITIES: 6 (including Ownership) Flexible contract with existing manager Free and Clear of all Litigation, Debts, Fines, Judgments, Claims, etc. 5

6 FOR ADDITIONAL INFORMATION, CONTACT: Jason Lusby The Lusby Group RE/MAX Components, Commercial Division 1919 York Road, Timonium, MD Direct: Office: