3326 Forge Hill Rd 9,700 SF 100% Leased Retail Building Street, MD 21154 $1,675,000 ($172.68/SF) 8.55% Cap Rate

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