$450,000
$650,000
30.8%For more information regarding the value of a property, please contact us for a free consultation.
404 S PHILADELPHIA BLVD Aberdeen, MD 21001
7,493 SqFt
Key Details
Sold Price $450,000
Property Type Commercial
Sub Type Retail
Listing Status Sold
Purchase Type For Sale
Square Footage 7,493 sqft
Price per Sqft $60
MLS Listing ID MDHR231636
Year Built 1940
Annual Tax Amount $10,810
Tax Year 2020
Lot Size 0.747 Acres
Property Description
404 S Philadelphia Blvd is a well positioned commercial property perfect for Retail Development! It has 146ft of frontage on Philadelphia Blvd. It is a .75ac lot. This padsite faces Rt 40 along the prime retail corridor with upwards of 30,000 vehicles per day. There are many different national tenants within 2 miles of this site along Philadelphia Blvd and Pulaski Hwy including NTB, 7-eleven, Walmart, Lidl, Advanced Auto Parts, Sunoco, Midas, Precision Tune, Royal Farms and many others. The site currently has an Apartment building in the front with 4 units. 3 out of 4 are currently occupied with month to month leases. There is a Motel in the middle of the property which is currently vacant but could be reopened for full operation with 12 units inside. There is an additional residential unit behind the motel which is currently occupied with a monthly lease as well. This property could be developed for a National Retailer or it could be reopened as a Motel w existing apartments in the front and rear buildings. The property is in the Greater Aberdeen/Havre de Grace Enterprise Zone so there may be tax credits available to the buyer or tenant. It is also in the opportunity zone for investors looking to defer capital gains! This would be an excellent development site for any major retailer looking for significant visibility. This property is also available for a land lease at $48,000/yr .
Location
State MD
County Harford
Zoning B3
Interior
Hot Water Other
Heating Other
Cooling Other
Exterior
Garage Spaces 80.0
Water Access N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Harford County Public Schools
Others
Special Listing Condition Standard
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