Tina Poss
Office: 301.698.3232
Cell: 301.514.4233
107-e E Wheel Rd, BEL AIR
$704,000
0 Beds
0 Baths
8,339 Sqft
.76 Acres
0 Garages
Rarely Available Commercial Property on Wheel Rd in Bel Air. Currently divided into four units and being used as an auto repair shop, insurance office, and two residential units with large parking lot set back from the street. One of the residential apartments is currently vacant with an $1800/ mo potential rent. Rents are currently below market value; excellent value-add opportunity as tenants below market are on short term leases. Property appraised in 2022 for $700,000. Showings will only be permitted once a contract is ratified. Buyer may build in showing contingency. This is to minimize the burden on the tenants. Owner is willing to do repairs to the vacant residential unit but is waiting to do so in the event an interested purchaser would rather convert the residence to office space. Owner is not certain this can be done. It would be the buyer's responsibility to determine the property would work for their planned use. Appraisal noted potential gross annual rent of $80,471 with modified gross leases. Lot lines on satellite image are approximate.
Essential Information
MLS® #MDHR2036646
Price$704,000
Bathrooms0.00
Square Footage8,339
Acres0.76
Year Built1981
TypeCommercial Sale
Sub-TypeMixed Use
StatusPending
Community Information
Address107-e E Wheel Rd
CityBEL AIR
CountyHARFORD-MD
StateMD
Zip Code21015
Interior
HeatingHeat Pump(s)
CoolingCentral A/C
Exterior
ExteriorFrame
School Information
DistrictHARFORD COUNTY PUBLIC SCHOOLS
Additional Information
ZoningB3
Listing Details
OfficeRE/MAX Advantage Realty
Property History
Status Changed from Coming Soon to Pending
Price Increased from $700,000 to $704,000
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Listing information last updated on December 22nd, 2024 at 9:03am EST.
