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509 Bynum Rd - Retail Pad Site - Lot 5

2.05 Acres of Commercial Land Offered at £690,375 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 £690,375
Sale Type Investment
Sale Conditions Design & Build
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use
Commercial
  • Retail
  • Bank
  • Fast Food
  • Restaurant
  • Storefront, Retail or Office
  • Strip Centre
Total Lot Size 2.05 AC

1 Lot Available

Lot 5

Price £690,375
Price Per AC £336,768
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.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
03-035026
Land Assessment
£372,885
Improvements Assessment
£0
Total Assessment
£372,885

zoning

Zoning Code B3
B3
  • Listing ID: 17312996

  • Date on Market: 27/09/2019

  • Last Updated:

  • Address: 509 Bynum Rd, Bel Air, MD 21014

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