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MacPhail Professional Bldg 715 S Shamrock Rd 11,088 SF 100% Leased Office Building Bel Air, MD 21014 $1,580,000 ($142.50/SF) 7.89% Cap Rate
Executive Summary
Great Investment Opportunity with Massive Upside and potential options for use in the Town of Bel Air. This is a corner lot, two-level brick building with over 2 acres of land, approximately 11,000 square feet and over 30 parking spaces currently zoned R-O for Residential Office. Lots of interior space to remodel according to potential use and rental income. Property has great visiblity from the main roads and lots of exterior land for potential redevelopment. Some demolition has begun on property where seller intended use was a place of worship. Buyer to ascertain all necessary zoning, permits, etc.. for their proposed use.
Property Facts
Sale Type
Investment
Sale Condition
Building in Shell Condition
Property Type
Office
Property Subtype
Building Size
11,088 SF
Building Class
C
Year Built
1968
Price
$1,580,000
Price Per SF
$142.50
Cap Rate
7.89%
NOI
$124,600
Percent Leased
100%
Building Height
2 Stories
Typical Floor Size
5,500 SF
Building FAR
0.12
Lot Size
2.04 AC
Zoning
RO - Residential Office, Medical, Office, Place of Worship, Professional Services, Daycare, Many different types of uses. https://ecode360.com/14974086
Parking
40 Spaces (5.28 Spaces per 1,000 SF Leased)
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Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 03-023001 | Improvements Assessment | $990,700 |
| Land Assessment | $290,600 | Total Assessment | $1,281,300 |
Property Taxes
Parcel Number
03-023001
Land Assessment
$290,600
Improvements Assessment
$990,700
Total Assessment
$1,281,300
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Presented by
Exhale Realty Inc
MacPhail Professional Bldg | 715 S Shamrock Rd
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