12 E Eager St.

12 E Eager St. is located in the heart of Mt. Vernon, Baltimore. The historic and charming neighborhood is widely considered to be the cultural and art epicenter of Baltimore City. Mt. Vernon features numerous attractions such as the historic George Peabody Library, the Walters Art Museum, the Washington Monument, Baltimore Center Stage, the Maryland Historical Society, and The Lyric Opera House. Major employers in the neighborhood and surrounding areas include: Chase Brexton Health Services, University of Maryland Midtown Hospital, the Maryland State Center Complex (over 3,000 employees), the University of Baltimore, and Agora Inc. The immediate area is also home to the Maryland Institute College of Art (MICA) and the University of Baltimore. Notable large-scale projects in the immediate area include the redevelopment of the Maryland State Center Complex and the historic Pennsylvania Train Station (eighth-busiest rail station the United States), which will further draw additional residents and employers. Mt. Vernon’s central location in Baltimore City, as well as accessibility to public transportation routes and main City thoroughfares, offers easy access to Downtown Baltimore, Johns Hopkins University, Johns Hopkins Hospital, and the suburbs of Baltimore City. Mt. Vernon remains one of the most densely populated and lively areas in Baltimore City.Brexton Commercial is pleased to exclusively represent the ownership in the sale of 12 E Eager St. located in Baltimore, Maryland. This rare investment opportunity brings to the market a fully renovated, historically significant, single-tenant net leased office building in the heart of the desirable Mt. Vernon neighborhood. The property was gut renovated in renovated in 2019, and has brand new roof, mechanical, electrical, and plumbing systems and features a 2-car garage at the rear. The building also has a finished lower level with a separate entrance at the rear. The current use is as a 16-bed residential care facility, with funding from the federal government and insurance companies. The tenant recently extended their lease for an additional 7-years at absolute triple-net terms, further signaling a commitment to the property and the health of their business. The lease features 3% annual increases throughout the term. The service-oriented and amazon-proof nature of the tenant's business provides investors with a hedge against E-commerce and other headwinds affecting the wider commercial real estate and retail markets.Please do not disturb the existing tenant. 12 E Eager is a full building available for lease to qualified operators in the residential care industry. This property was fully gut renovated in 2019, with a new roof, and featuring new mechanical/electrical/plumbing systems. There is a 2-car garage at the rear along with a finished basement level and separate entrance. The building is currently laid out and zoned for a 16-bed facility - a rare opportunity for a ready zoned asset to accommodate this unique business use.