$118.13 Per Sq Foot $2,953 est/mo Sourced by Back At You

7917 Harford Rd,Parkville, MD 21234

Parkville MD, 21234

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Description

Highlights: Property Owners in Baltimore County Pay Less Property Taxes Than Property Owners in Baltimore City, Providing Cost Savings & Improving Overall Cash Flow. Tenants Enjoy the Highly Trafficked Harford Road Corridor & Great Visibility of This End-Of-Group, Leading to Stable Businesses That Can Consistently Pay Rent. Managing Commercial Properties Is Less Maintenance & Less Costly: Commercial Tenants Are Responsible for Interior Plumbing, HVAC and Electrical Systems. Affordable Entry Point for Investors Ready to Move From Residential Buildings to Commercial Properties.7915 Harford Road is home to a long-standing community pharmacy. With a waiting area in the front for customers, the Pharmacy has a large workspace and full basement for additional storage. 7917 Harford Road hosts three successful beauty salons, each offering a variety of services. The first-floor salon features a private patio on the rear of the building. Two salons have half-bathrooms and the second-floor salon features a full bathroom. 2 gas meters serve the buildings and each unit is separately metered for electric. A new 2023 40-gallon Rheem gas water heater serves the spaces. Units have individual electric heat pumps. Tenants pay all utilities, in addition to insurance and property tax pass-throughs and Common Area Maintenance (commonly known as a triple net property.) Parking for 5 cars is located behind the rear of the building. Tenants benefit from being situated on a far corner, making it easier for customers to access the stores. Just two blocks south are national tenants Giant Foods, Chipolte, Petco, Walgreens and others. Within a 5-minute drive of 7917 Harford Road, the median household income stands at $73,688. This demographic presents a demand for both locally owned establishments and national businesses, catering to diverse consumer preferences and economic profiles in the area. Frontage along Harford Road, just near the City/County line, keeps these retail spaces in high demand by tenants. Community organizations are continually working to improve the Harford Road Corridor Business Districts, improving the overall economy & quality of life for business owners and residents alike. Investors often begin their portfolios with residential properties, aspiring to transition into commercial real estate. 7915-7917 Harford Road presents an enticing opportunity for such progression at an affordable entry point. Commercial tenancies entail lower maintenance demands for building management and tenant communication, allowing an investor to allocate their time and money on other projects.

Details

MLS#MDBC2093612
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year1900
Days On Site98
Listing Provided ByBen Frederick Realty, Inc. | Will A Cannon III
Buying Commision2.5% Of Gross

Features

SQ Feet4,656
ZoningBL
Acreage0.10

Market Activity 21234

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Learn More About This Property

StateMD
CountyBaltimore
CityParkville
Zip Code21234
Community NameParkville
School DistrictBaltimore County Public Schools
Listing VS Median (in Parkville)
Price:
$550,000
low | high
Med:
$292,450
96.827272727273% of Average
SqFt:
4,656
low | high
Med:
2,017
100% of Average
$ / SqFt:
$118
low | high
Med:
$146
26.182080473713% of Average
On Site:
98
low | high
Med:
62.000000
100% of Average
Sourced by Back At You
Listing Updated: July 5, 2024 at 2:22:45 PM PDT
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