Homes for sale - 107-E E WHEEL RD, Bel Air, MD 21015

REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.

In-PersonVirtual Tour

Mon

Dec

Tue

Dec

Wed

Dec

Eunice Rancy

eunice@amaryllishomes.com +1(703) 223-9415

$ 704,000

Est. payment | -/mo

3,956 SqFt

Save

$ 704,000

Est. payment | -/mo

Save

3,956 SqFt

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

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

Listed by Paul D Covington • RE/MAX Advantage Realty

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(703) 223-9415

eunice@amaryllishomes.com

95 Dunn Drive Ste 200, Stafford, VA, 22556, USA

107-E E WHEEL RD Bel Air, MD 21015