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404 S Philadelphia Boulevard

ABERDEEN, MD 21001
  • $522,500
  • STATUS: Closed
  • ON SITE: 459 Days
  • ID#: MDHR2021322
Sold - 11/03/2023
$522,500
SOLD - 11/03/2023
  • 0
    BEDS
  • 0.75
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1940
County:

School Ratings & Info

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+GGs 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+GGs location within a Federally designated Opportunity Zone, providing an array of financial incentives for development, further enhances the potential for the site.

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©2024 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or Eng Garcia Properties, LLC | Keller Williams Capital Properties. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2024-07-22T08:52:59.77.
www.enggarcia.com/homes/138687810
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404 S Philadelphia Boulevard ABERDEEN, MD 21001

  • Price: $600,000
  • Status: Closed
  • On Site: 459 Days
  • Updated: 115 min ago
  • ID#: MDHR2021322
0
Beds
0
Baths
0
½ Baths
0.75
Acres
1940
Built
Neighborhood:
None Available
County:
Harford
School District:
Harford County Public Schools
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+GGs 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+GGs location within a Federally designated Opportunity Zone, providing an array of financial incentives for development, further enhances the potential for the site.
Exterior Features

Construction Materials BrickMasonryFrame Garage YN No Parking Types Parking Lot Riparian Rights YN No Roof AsphaltShingle Water Access YN No Water Oriented YN No Water View YN No Waterfront YN No

Interior Features

Building Area Total 7493.00 Cooling Other Flooring VinylCarpet Heating Other Heating YN Yes Net Square Feet 10693.00

Property Features

Accessibility Features None Assessment Year 2023 Business Type Apartment BuildingHotel/Motel Buyer Financing Cash Central Air YN No Cooling Fuel Other Gross Income 64200.00 Heating Fuel Other Hot Water Other Municipality Aberdeen Navigable Water YN N New Construction YN No Number Of Units Total 19 Original MLSNumber 802284132342 Ownership Interest Fee Simple Possession Immediate Property Sub Type Special Purpose Sale Type Standard Sewer Public Sewer Tax Annual Amount 9947.00 Tax Assessment Amount 630300.00 Total Actual Rent 65200.00 Vacation Rental YN No Water Source Public Zoning B3

Listing courtesy of A.J. Billig & Company: .


©2024 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or Eng Garcia Properties, LLC | Keller Williams Capital Properties. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2024-07-22T08:52:59.77.
 
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Eng Garcia Properties, LLC | Keller Williams Capital Properties
1930 18th St NW
Washington DC, 20009