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509 Bynum Rd - Retail Pad Site - Lot 5 2.05 Acres of Commercial Land Offered at $875,000 in Bel Air, MD 21014
INVESTMENT HIGHLIGHTS
- Estimated traffic of over 35,000 cars per day and excellent visibility.
- Zoned B-3, the most inclusive retail zoning district.
EXECUTIVE SUMMARY
509 Bynum Road, Bel Air - This property is part of a retail development containing; McDonalds, Waffle House, 7-11, Kiddie Academy, and a 10,800 square foot building with Dairy Queen, a pizza shop, liquor store and pharmacy. The property location at the intersection of US Route 1 and Business 1 has estimated traffic of over 35,000 cars per day and excellent visibility. The property has full site plan approval for a 12,500 square foot building, including an outside seating area. The property is zoned B-3, the most inclusive retail zoning district. New developments within 3 miles include 2 apartment projects totaling over 250 units and a joint single family and senior housing facility (from independent living through full care) of over 500 units. The property is in a strong demographic within Harford County and will draw from Bel Air, Forest Hill, Hickory and in the rural (and underserved) areas. The Bynum Property is located to take advantage of this opportunity for a restaurant or most other retail or commercial uses. This property is available for lease or sale, price will depend terms.All Utilities are to the site. Owner will consider a land lease, $150,000 NNN.
PROPERTY FACTS
| Price | $875,000 | Property Type | Land |
| Sale Type | Investment | Property Subtype | Commercial |
| Sale Condition | Build to Suit | Proposed Use | |
| No. Lots | 1 | Total Lot Size | 2.05 AC |
| Zoning | B3 | ||
| Price | $875,000 |
| Sale Type | Investment |
| Sale Condition | Build to Suit |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | |
| Total Lot Size | 2.05 AC |
| Zoning | B3 |
1 LOT AVAILABLE
Lot 5
| Price | $875,000 | Lot Size | 2.05 AC |
| Price Per AC | $426,829.27 |
| Price | $875,000 |
| Price Per AC | $426,829.27 |
| Lot Size | 2.05 AC |
Property is currently approved for a 12,000 square foot retail building with drive thru and patio area. Current approvals can be modified for accelerated development. See sale notes.
DESCRIPTION
The property of just over 2 acres. Is fully approved for 12,000 sq. Ft. Of retail space. SWM is approved. The property has frontage on the Route 1 by-pass and visibility from US 1 business. The property is adjacent to McDonald’s.
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PROPERTY TAXES
| Parcel Number | 03-035026 | Improvements Assessment | $0 |
| Land Assessment | $472,000 | Total Assessment | $472,000 |
PROPERTY TAXES
Parcel Number
03-035026
Land Assessment
$472,000
Improvements Assessment
$0
Total Assessment
$472,000
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509 Bynum Rd - Retail Pad Site - Lot 5
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