Address
7917 Harford Road, Parkville, MD
Price
$ 550,000
Property Attributes
- MLS#MDBC2093612
- TypeCommercial
- CountyBALTIMORE
- CityParkville
- NeighborhoodParkville
- Zip21234
- StyleProfessional,Hair Salon and Spa
- Year Built1900
- Taxes$ 2437
- Price$ 550,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Sqr Footage2924
- Lot Size4,356 SqFt
Data Source:
Bright MLS
Property 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.
| Price History | |
|---|---|
| 4/10/2024 | Listed $550,000 |
General Features
| Sewer | Public Sewer |
|---|---|
| Heating | Radiant |
| Cooling | Heat Pump(s) |
| Possession | Settlement,Subject to Existing Lease |
| Zoning | BL |
| Construction Materials | Brick |
| Exclusions | Tenant's possessions excluded. |
| Year Built | 1900 |
| Property SubType | Services |
| Tax Year | 2023 |
| Percent Ownership | Fee Simple |
| Cool Fuel | Electric |
| Business Type | Professional,Hair Salon and Spa |
| Accessibility | None |
| County | BALTIMORE |
| New Construction | No |
| Property Type | Commercial Sale |
| Subdivision Name | PARKVILLE |
| Water Access Y/N | No |
| Status | ACTIVE |
| Directions | GPS |
| ModificationTimestamp | 2024-04-10T13:13:26 |
| City | PARKVILLE |
| Buyer Agent Compensation | 2.5 |
| Zoning Description | Within Commercial Revitalization District of Parkville,allowing for many retail/office/services. |
| Total Units | 1 |
| Lot Size Square Feet | 4373.00 |
| Tax Assessed Value | 201100.0 |
| Waterfront Y/N | No |
| Street Name | HARFORD |
| Tax Annual Amount | 2437.0 |
| Price Per Sq Ft | 118.13 |
| Vacation Rental Y/N | No |
| Days on Market | 21 |
| Standard Status | Active |
| Year Built Source | Estimated |
| Legal Subdivision | LINWOOD |
| Tax Lot | 4 |
| Buyer Agent Compensation Type | % Of Gross |
Interior Features
| Heating Fuel | Electric |
|---|---|
| Hot Water | Natural Gas |
| Heating Y/N | Yes |
| Street Suffix | ROAD |
| Central Air Y/N | No |
Exterior Features
| Water Source | Public |
|---|---|
| Total Parking Spaces | 5 |
| Type of Parking | On Street,Parking Lot |
| Land Use Code | C |
| Water View Y/N | No |
| Building Area Total | 4656.00 |
| Lot Size Acres | 0.10 |
| Lot Size Units | Square Feet |
| Lot Size Source | Assessor |
| Land Assessed Value | 90000.00 |
| Navigable Water Y/N | No |
| Water Oriented Y/N | No |
| Car Parking Spaces | 5 |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Commercial Average in 21234
Price
Taxes
Visits
Year Built
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