$522,500
$600,000
12.9%For more information regarding the value of a property, please contact us for a free consultation.
404 S PHILADELPHIA BLVD Aberdeen, MD 21001
7,493 SqFt
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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Bought with Charles N Billig • A.J. Billig & Company