3326 Forge Hill Rd - Retail FOR SALE


Street, MD 21154
$1,675,000 USD
410-803-0714
3326 Forge Hill Rd, Street, MD for Sale
$1,675,000 USD
Retail - FOR SALE
1/34
null | 8.55% Cap Rate

3326 Forge Hill Rd
Street, MD 21154


HIGHLIGHTS

  • Structures: 5 permanent structures totalling 9700SF
  • Primarily B3 zoning with room for expansion
  • 750ft of Road Frontage on Conowingo Rd
  • 8.55% cap rate
  • $180,600/yr of current rental income
  • Improvements:3yr old roof on rear farmhouse / 5yr old roof on Retail/Apt building

OVERVIEW

Extremely versatile mixed-use site with rental income in place and room for expansion! 3.92 acres of primarily B3 zoning in Harford County. 5 permanent structures totalling 9700SF currently used for rental income, but the site could also be repurposed for an end user as well. Current income potential is $180,600/yr with a starting cap rate of 8.55%. Rent roll available upon request. Seller will provide a $4000/month master lease for 2 years for the graveled parking pad as well as the rear farmhouse at the request of a Buyer. This site has excellent visibility, great access from both sides, and a multitude of ways to generate income for an end user or any investor. Cap rate: 8.5% Acreage: 3.918 Frontage: 750ft on Conowingo Rd Zoning: B3 primary, AG secondary Improvements: 3yr old roof on rear farmhouse / 5yr old roof on Retail/Apt building Traffic: 13,500 Cars per day on Conowingo Rd Utilities: 3 wells & 2 septic systems Structures: 5 permanent structures totalling 9700SF -Auto Garage: 2100SF with 4 drive-ins -Retail + Apts: 3300SF (Storefront +(2) 2beds/1bath apts)-(Approved for used car sales) -Farmhouse: 2600SF (2 levels with 4beds/1.5 baths) -Mobile Home: 700SF -Rear Garage: 1000SF 13,500 people live within 5 miles of the site $130,000 Avg Household Income within 5 miles of site 13,500 Cars per day passing the site on Conowingo Rd

FOR SALE DETAILS

PRICE

$1,675,000 USD

PRICE/SF

$168 USD /SF

CAP RATE

8.55%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

ADD'L SUBTYPES

Auto Repair, Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1900

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

3.92 AC

LAND SF

170,755 SF

ZONING

B3, AG

APN/PARCEL ID

05-020646

ASK ABOUT THIS PROPERTY

David FeazellGarceau RealtyMore Info
410-803-0714

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David FeazellGarceau RealtyMore Info
410-803-0714

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