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4 Office St 2,492 SF Vacant Retail Building Bel Air, MD 21014 $565,000 ($226.73/SF) 9.20% Cap Rate
INVESTMENT HIGHLIGHTS
- Mixed use property in DOWNTOWN BEL AIR!!!
- Downstairs 1200sf retail/office space.
- Large public parking garage across the street.
- Great visibility from main street.
- Upstairs 1300st 2 bdrm/ 2 bath OR additional retail/ office space.
- Bright Large Spaces with 10ft ceilings!
EXECUTIVE SUMMARY
This is approximately 2600 square feet of Office and/or Retail Space directly across the street from the Court House and just off Main Street. The property is 2 stories with 2 separate entrances. Second floor needs refurbishing and was previously a Law Office. B2 Zoning allows for Office, Retail, Apartment, etc. Call Agent for details and showings.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
2,492 SF
Building Class
B
Year Built
1940
Price
$565,000
Price Per SF
$226.73
Cap Rate
9.20%
NOI
$51,992
Percent Leased
Vacant
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.91
Lot Size
0.03 AC
Zoning
B2 - Office, Retail, Restaurant
Additional 1400sf upstairs can be residential as well!
Frontage
Walk Score®
Very Walkable (85)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 03-023494 | Improvements Assessment | $277,600 |
| Land Assessment | $187,200 | Total Assessment | $464,800 |
PROPERTY TAXES
Parcel Number
03-023494
Land Assessment
$187,200
Improvements Assessment
$277,600
Total Assessment
$464,800
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