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Kerry O'Hara

[email protected] +1(410) 507-0834

$ 5,000,000

Est. payment -/mo

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Open 1/9 10AM-11AM

2126 N FOUNTAIN GREEN RD Bel Air, MD 21015

52,530 SqFt

OPEN HOUSE

Thu Jan 09, 10:00am - 11:00am

UPDATED:

11/12/2024 03:00 PM

Key Details

Property Type Commercial

Sub Type Retail

Listing Status Active

Purchase Type For Sale

Square Footage 52,530 sqft

Price per Sqft $95

Subdivision None Available

MLS Listing ID MDHR2037442

Originating Board BRIGHT

Year Built 2000

Annual Tax Amount $75,131

Tax Year 2024

Lot Size 5.600 Acres

Acres 5.6

Property Description

REAL ESTATE AUCTION featuring ON SITE and SIMULCAST ONLINE BIDDING!! Online Bidding Opens - Monday, January 6, 2025. Live On Site Auction - Thursday, January 9, 2025 at 11:00 AM. List price is opening bid only. $500,000 deposit required to bid. Triple net ground lease to Redner's Markets, Inc., dated January 30, 2008. The lease is within the original 20 year term ending September 20, 2028, with an annual rent of $487,410.25 NNN plus percentage rent. There are two options remaining comprising a total of 9 years 6 months. Tenant pays for all maintenance, insurance and annual real estate taxes. The seller is a ground lease tenant for 2111 Conowingo Road, also known as 2111-2113 Conowingo Road, which includes an ingress/egress point into Hickory Village Center and Redner's Market. 2111 Conowingo Road is sub-leased to Tamberino's Restaurant and Frozen Sandcastle on a NNN basis as detailed below. Ground lease payments and lease revenue from sub-tenants are effectively break-even.

Location

State MD

County Harford

Zoning B3

Interior

Hot Water Other

Heating Other

Cooling Other

Heat Source Other

Exterior

Garage Spaces 100.0

Water Access N

Roof Type Flat

Accessibility None

Total Parking Spaces 100

Garage N

Building

Sewer Public Sewer

Water Public

New Construction N

Schools

School District Harford County Public Schools

Others

Tax ID 1303335658

Ownership Fee Simple

SqFt Source Assessor

Special Listing Condition Auction

Listed by Charles N Billig • A.J. Billig & Company

Kerry O'Hara

Advisor | License ID: 651712

+1(410) 507-0834

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