1325 Eastern Ave, Baltimore, MD 21231

Property Description

Welcome to 1325 Eastern Avenue! The property features 7,932 square feet of space over 2 floors. Full renovation occurred in 2016 when owner-user moved in: brand new concrete slab, windows, doors, roof, completely new mechanical, electric, plumbing, and fire safety. Structural work included installation of two (2) 8-foot structural walls and new footings. New front brick wall (facing Eastern Ave) and repointed the remaining brick walls. In addition, owner installed a steel ladder to give access to the roof. In 2023, owner installed StormMeister commercial grade flood proof doors for every ground level door. Leasing comps: $30 psf, NNN for ground level, and $25 psf, MG for upper level. Brexton Commercial can provide comps upon request. PRO-FORMA NOI is $172,000. INTERIOR DESCRIPTION: 1st Floor: Currently operating as Zips Cleaners. Approximately 3,966 square feet of retail space. The space features check-out counter, garment conveyor belt system, ADA changing room, ADA restroom, open work space, sprinkler room, electrical room, and energy efficient plumbing and electrical. The space also features two (2) tankless water heaters and three (3) electrical panels. PLEASE NOTE: Zips has not dry cleaned clothes in this location since 2020. Owners can provide a clean Phase I & Phase II upon lender request. 2nd Floor: Beautiful industrial style loft space with entrance on Eastern Ave. The windows line the eastern wall of the premises, which provide pleasant natural morning light. The space features brick that has been beaufully repointed, and black trim which accent the space very well. In addition to the quintessential charm of the brick, the space also features historic industrial features, such as a "gear" and "wheel" from the me of its original construction. The mechanicals for the space are as follows: (i) sprinkler system with heads turned up (ii) 120/208 V, 125 amp electrical panel, separately metered (iii) incandescent lighting fixtures (iv) plywood floors and reinforced structure (v) wired space heaters.