Aberdeen, MD 21001,404 S PHILADELPHIA BLVD
Aberdeen, MD 21001,404 S PHILADELPHIA BLVD
Aberdeen, MD 21001,404 S PHILADELPHIA BLVD
$522,500
Est. payment /mo
$600,000
12.9%
Est.Price: ?

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7,493 SqFt
SOLD DATE : 11/03/2023

Key Details

Sold Price $522,500

Property Type Commercial

Sub Type Special Purpose

Listing Status Sold

Purchase Type For Sale

Square Footage 7,493 sqft

Price per Sqft $69

Subdivision None Available

MLS Listing ID MDHR2021322

Sold Date 11/03/23

Originating Board BRIGHT

Year Built 1940

Annual Tax Amount $9,947

Tax Year 2023

Lot Size 0.747 Acres

Acres 0.75

Property Description

US-40 Motel Complex has 19 approved units and $64,200 annual gross scheduled rent. The property, historically known as the Aberdeen in Town Motel, is located at the corner of Philadelphia Boulevard (US-40) and Warren Street in the heart of Aberdeen. Philadelphia Boulevard, known as Pulaski Highway through most of the span between Baltimore and Wilmington, is a major artery across the United States. The high exposure throughway generates approximately 30,000 cars per day (AADT) passing the site, according to MDOT statistics. Aberdeen Proving Ground, the largest employer in Harford County and source of thousands of residents and visitors to the area, is located approximately 3 miles south. The Amtrak Aberdeen Station is less than one-half mile north. A number of national and local retailers are located throughout the immediate area. A deceleration and turn lane for Warren Street is along northbound Philadelphia Boulevard.

The site is comprised of three buildings in varying conditions with on-site parking. The front building, arranged for 5 apartments, and rear manager's cottage are rented on a long-term basis. The central building has been fire damaged, partially gutted and provides ample opportunity for value-add or full redevelopment. The auction provides an opportunity to purchase a site with a long business history, existing cash flow and with a location and zoning that provides substantial investment potential. The property's location within a Federally designated Opportunity Zone, providing an array of financial incentives for development, further enhances the potential for the site.

Location

State MD

County Harford

Zoning B3

Interior

Hot Water Other

Heating Other

Cooling Other

Flooring Vinyl, Carpet

Heat Source Other

Exterior

Garage Spaces 20.0

Water Access N

Roof Type Asphalt,Shingle

Accessibility None

Total Parking Spaces 20

Garage N

Building

Sewer Public Sewer

Water Public

New Construction N

Schools

School District Harford County Public Schools

Others

Tax ID 1302012103

Ownership Fee Simple

SqFt Source Assessor

Special Listing Condition Standard

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Bright MLS (BMLS)
Listed by Charles N Billig • A.J. Billig & Company
Bought with Charles N Billig • A.J. Billig & Company

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Irma Rodriguez

+1(302) 357-1823

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