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- $704k Price
- 8,339 Sqft
- .76 Acres
107-e E Wheel Rd
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.
Essential Information
- MLS® #MDHR2036646
- Price$704,000
- Bathrooms0.00
- Square Footage8,339
- Acres0.76
- Year Built1981
- TypeCommercial Sale
- Sub-TypeMixed Use
- StatusPending
Community Information
- Address107-e E Wheel Rd
- CityBEL AIR
- CountyHARFORD-MD
- StateMD
- Zip Code21015
Interior
- HeatingHeat Pump(s)
- CoolingCentral A/C
Exterior
- ExteriorFrame
School Information
- DistrictHARFORD COUNTY PUBLIC SCHOOLS
Additional Information
- Date ListedOctober 25th, 2024
- ZoningB3
Listing Details
- OfficeRE/MAX Advantage Realty
Price Change History for 107-e E Wheel Rd, BEL AIR, MD (MLS® #MDHR2036646)
| Date | Details | Price | Change |
|---|---|---|---|
| Pending (from Coming Soon) | – | – | |
| Price Increased (from $700,000) | $704,000 | $4,000 (0.57%) |
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Listing information last updated on November 23rd, 2024 at 4:45pm CST.