404 S Philadelphia Blvd, ABERDEEN

$650,000

0 Beds
0 Baths
7,493 Sqft
¾ Acres
0 Garages

404 S Philadelphia Blvd is a well positioned commercial property perfect for Retail Development! It has 146ft of frontage on Philadelphia Blvd. It is a .75ac lot. This padsite faces Rt 40 along the prime retail corridor with upwards of 30,000 vehicles per day. There are many different national tenants within 2 miles of this site along Philadelphia Blvd and Pulaski Hwy including NTB, 7-eleven, Walmart, Lidl, Advanced Auto Parts, Sunoco, Midas, Precision Tune, Royal Farms and many others. The site currently has an Apartment building in the front with 4 units. 3 out of 4 are currently occupied with month to month leases. There is a Motel in the middle of the property which is currently vacant but could be reopened for full operation with 12 units inside. There is an additional residential unit behind the motel which is currently occupied with a monthly lease as well. This property could be developed for a National Retailer or it could be reopened as a Motel w existing apartments in the front and rear buildings. The property is in the Greater Aberdeen/Havre de Grace Enterprise Zone so there may be tax credits available to the buyer or tenant. It is also in the opportunity zone for investors looking to defer capital gains! This would be an excellent development site for any major retailer looking for significant visibility. This property is also available for a land lease at $48,000/yr .

Essential Information
MLS® #MDHR231636
Price$650,000
Bathrooms0.00
Square Footage7,493
Acres0.75
Year Built1940
TypeCommercial Sale
Sub-TypeRetail
StatusActive
Community Information
Address404 S Philadelphia Blvd
CityABERDEEN
CountyHARFORD-MD
StateMD
Zip Code21001
Interior
HeatingOther
CoolingOther
Heating FuelOther
Cooling FuelOther
Hot WaterOther
Exterior
Sewer/SepticPublic Sewer
Water SupplyPublic
School Information
DistrictHARFORD COUNTY PUBLIC SCHOOLS
Additional Information
Date ListedApril 18th, 2019
Days on Market410
ZoningB3
OwnershipFee Simple
Directionsrt 40 to location
City LimitsYes
Lot Acres1
Lot SqFt32,550
Lot Size150.00 x 217.00
Property History
Price Reduced from $695,000 to $650,000
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Listing information last updated on May 31st, 2020 at 1:35am CDT.