List price to be opening bid at online only auction. Online auction to be conducted on Auctioneers website. Bidding begins Saturday, March 15, 2025 & ends Thursday, March 20, 2025 at 12:00 PM. Leased Commercial Building in the "Penn North" Neighborhood of Baltimore City **NNN Annual Rent of $50,400** Improved Commercial Building currently NNN leased to Sakura Cafe Carry Out IV on the main level including a take out counter, full restaurant kitchen, walk in cooler, stove, deep fryers etc. There is also a half bathroom on the main level. The upper level is accessible by its own entrance including 2 bedrooms and 1 full bathroom. The lower level is unfinished with storage and utilities. Features Include: Wood type floors & Tile throughout property Tenant has been occupying the property since July 1, 2023. They are currently in year 2 of 5 year term. The rent increases by 5% annually throughout the term of the lease. Base rent will be $61,261 annually by 2028. Tenant is responsible for Utilities, Maintenance and Real Property Taxes. **Current Monthly Rent of $4,200** **Current NNN Annual Rent of $50,400** Diligence Package: A copy of the purchase and sale agreement, lease and assorted addenda are located in the documents section. In order to gain access, you must create a free account as well as accept a non-disclosure agreement. Auction Notes: Online Auction Only! Bidding begins Saturday, March 15, 2025 & ends Thursday, March 20, 2025 at 12:00 PM. Online Bidding Notes: The initial deposit must be made via credit card, wire transfer or by Cashier's Check. Please review the online bidding terms and deposit transmittal form in the Documents Section for more details. If a property receives a bid within the last 3 minutes. it will remain open for an additional 3 minutes. If any further bidding occurs, the extension timer will reset to 3 minutes. If no further bidding activity occurs, the lot closes when the timer runs out. In Cooperation with Orin Luke of Fairfax Premier Realty.