MD > Bel Air
Bel Air, MD 21015,107-E E WHEEL RD
Bel Air, MD 21015,107-E E WHEEL RD
Bel Air, MD 21015,107-E E WHEEL RD
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Kelly Stipa

Kelly Stipa

+1(267) 249-9000
$704,000
Est. payment /mo
3,956 SqFt
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UPDATED:

10/25/2024 05:40 PM

Key Details

Property Type Commercial

Sub Type Mixed Use

Listing Status Pending

Purchase Type For Sale

Square Footage 3,956 sqft

Price per Sqft $177

MLS Listing ID MDHR2036646

Originating Board BRIGHT

Year Built 1981

Annual Tax Amount $7,519

Tax Year 2024

Lot Size 0.764 Acres

Acres 0.76

Property Description

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.

Location

State MD

County Harford

Zoning B3

Interior

Hot Water Electric

Heating Heat Pump(s)

Cooling Central A/C

Heat Source Electric, Oil

Exterior

Garage Spaces 23.0

Waterfront N

Water Access N

Accessibility Other

Total Parking Spaces 23

Garage N

Building

Sewer Public Sewer

Water Public

New Construction N

Schools

School District Harford County Public Schools

Others

Tax ID 1301032755

Ownership Fee Simple

SqFt Source Assessor

Special Listing Condition Standard

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Bright MLS (BMLS)
Listed by Paul D Covington • RE/MAX Advantage Realty

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Kelly Stipa

+1(267) 249-9000

REALTOR® | License ID: RS226297L

REALTOR® License ID: RS226297L

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