3-13 Red Pump Rd - Storefront FOR SALE


Bel Air, MD 21014- Bel Air North
$2,000,000 USD
443-632-2044
3-13 Red Pump Rd, Bel Air, MD for Sale
$2,000,000 USD
Storefront - FOR SALE
1/7
null | 7% Cap Rate

3-13 Red Pump Rd
Bel Air, MD 21014
Bel Air North


HIGHLIGHTS

  • Service-Oriented Center with Seasoned Tenants and Upside
  • Balanced Rent Roll with Synergistic Uses
  • Small Format Tenancy with Structured Increases Throughout the Rent Roll
  • Extremely Affluent Submarket, Residential Growth and Continued Retail Redevelopment

OVERVIEW

KLNB Retail Capital Markets is pleased to exclusively offer for sale the fee simple interest in Red Pump Shopping Center, a fully occupied, service-oriented retail strip center totaling approximately 7,000 square feet in the affluent Bel Air submarket of Harford County, Maryland. Anchored by a stable roster of five seasoned tenants with an impressive average tenure of 15+ years, the property showcases exceptional tenant loyalty and performance. The offering presents an investor with a value-add opportunity through an active leasing and mark-to-market campaign.

FOR SALE DETAILS

PRICE

$2,000,000 USD

PRICE/SF

$333 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Red Pump Shopping Center

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1987

SPRINKLERS

-

PARKING SPACES

40

LAND DETAILS

LAND ACRES

0.94 AC

LAND SF

40,810 SF

ZONING

B-1, County

APN/PARCEL ID

03-183130

ASK ABOUT THIS PROPERTY

443-632-2044

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

443-632-2044

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.