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Key Details
Sold Price $1,680,000
Property Type Commercial
Sub Type Special Purpose
Listing Status Sold
Purchase Type For Sale
Square Footage 1,960 sqft
Price per Sqft $857
Subdivision None Available
MLS Listing ID MDHR2027872
Sold Date 03/11/24
Originating Board BRIGHT
Year Built 2000
Annual Tax Amount $18,152
Tax Year 2023
Lot Size 0.497 Acres
Acres 0.5
Property Description
REAL ESTATE AUCTION featuring ON SITE and SIMULCAST ONLINE BIDDING!! Online Bidding Opens - Monday, January 29, 2023. Live On Site Auction - Thursday, February 1, 2024 at 11: 15 AM. List price is opening bid only. $100,000 deposit, payable by cashier’s check or wire, will be required of all online bidders prior to the start of the live auction.
The property is situated in the Bel Air area of central Harford County, along the south side of North Fountain Green Road Road, between the Hickory/Belair Bypass (US-1) and Conowingo Road. The site is located at the front of the Hickory Village Center, a retail development containing a Redner’s grocery store and Burger King, and is bordered by independent restaurants and other businesses. Daily traffic counts (AADT) are 7,491 cars on N. Fountain Green Road, 11,973 cars on Conowingo Road and 23,443 Hickory/Belair Bypass, according to MDOT online mapping. The immediate area is a mixture of community service businesses, surrounded by extensive residential development. Downtown Bel Air is about thee miles south of the site.
Rental Info: Triple net ground lease to Baltimore County Savings Bank, now First National Bank, dated May 28, 1998. The current lease is in the first five-year extension period, running through January 2025, with an annual rent of $83,952.36 NNN. There are 3 remaining five-year options at increased rentals. The extension beginning 2/1/2025 has an annual rent of $96,545.16 NNN. Tenant pays for all maintenance, insurance and annual real estate taxes.
Location
State MD
County Harford
Zoning B3
Interior
Hot Water Other
Heating Other
Cooling Other
Heat Source Other
Exterior
Garage Spaces 20.0
Water Access N
Accessibility None
Total Parking Spaces 20
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Harford County Public Schools
Others
Tax ID 1303335682
Ownership Fee Simple
SqFt Source Assessor
Special Listing Condition Auction
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Bought with Jon Stavrinos • Commercial Real Estate Services of Maryland