3326 Forge Hill Road, Street, MD 21154

Property Description

Extremely versatile mixed-use site with rental income in place and room for expansion! 3.92 acres of primarily B3 zoning in Harford County. 5 permanent structures totalling 9700SF currently used for rental income, but the site could also be repurposed for an end user as well. Current income potential is $180,600/yr with a starting cap rate of 8.5%. Rent roll available upon request. Seller will provide a $4000/month master lease for 2 years for the graveled parking pad as well as the rear farmhouse at the request of a Buyer. This site has excellent visibility, great access from both sides, and a multitude of ways to generate income for an end user or any investor. Site Details: -Price: $1,675,000 -Cap rate: 8.5% -Acreage: 3.918 -Frontage: 750ft on Conowingo Rd -Zoning: B3 primary, AG secondary -Improvements:3yr old roof on rear farmhouse / 5yr old roof on Retail/Apt building -Traffic: 13,500 Cars per day on Conowingo Rd -Utilities: 3 wells & 2 septic systems -Structures: 5 permanent structures totalling 9700SF -Auto Garage: 2100SF with 4 drive-ins -Retail + Apts: 3300SF (Storefront +(2) 2beds/1bath apts)-(Approved for used car sales) -Farmhouse: 2600SF (2 levels with 4beds/1.5 baths) -Mobile Home: 700SF -Rear Garage: 1000SF -13,500 people live within 5 miles of the site -$130,000 Avg Household Income within 5 miles of site -13,500 Cars per day passing the site on Conowingo Rd

Property Features

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