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305 Mountain Road, Fallston, MD 21047
$1,165,500
305 Mountain Road, Fallston, MD 21047View this property at 305 Mountain Road, Fallston, MD 21047
305 Mountain RoadFallstonMD21047
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Property Description
REAL ESTATE AUCTION featuring ON SITE and SIMULCAST ONLINE BIDDING!! Online Bidding Opens - Monday, January 29, 2024. Live On Site Auction - Thursday, February 1, 2024 at 12:15 PM. List price is opening bid only. $100,000 deposit, payable by cashier's check or wire, will be required of all online bidders prior to the start of the live auction. The property is situated in the Fallston area of Harford County, at the corner of Belair Road and Mountain Road. Daily traffic counts (AADT) are 24,943 along Mountain Road and 30,143 along Belair Road (US-1), according to MDOT online mapping. The immediate area is predominantly retail, including local and national restaurants, a grocery store, automotive and service businesses. The larger surrounding area is mostly suburban with some larger farms mixed-in. Downtown Belair is approximately 3 miles north, and I-95 is approximately 4 miles south. Rent Info: Triple net ground lease to The Fallston Village Center, LLC dated June 25, 2018. The current lease is in the second five-year lease term, running through July 2028, with an annual rent of $66,000 NNN. Operated by Burgers of Baltimore. There are 2 remaining five-year options at increased rentals. The store was operated by Harloe Management from 1996 to 2018. Tenant pays for all maintenance, insurance and annual real estate taxes. Tenant has a right of first refusal for purchase of the property for $900,000 at the end of the lease term.
Full Property Details
Full Property Details for 305 Mountain Rd
General
- Sold For: $1,165,500
- Taxes: $15,450 (2023)
- Status: Closed
- Type: Business
- MLS ID: MDHR2027876
- Added to Site: 131 day(s) ago
Business
- Business Type: Restaurant/Bar
Parking
- Total Spaces: 37
- Parking Type: Parking Lot
Location
- County: Harford
- Driving Directions: Corner Belair Road
Heating & Cooling
- Cooling Type: Other
- Cooling Fuel: Other
- Heating Type: Other
- Heating Fuel: Other
- Water Heater: Other
Utilities
- Sewer: Public Sewer
- Water: Public
Structural Information
- Construction: Masonry
- Stories/Levels: 0
- Year Built: 1998
- Year Built Source: Assessor
Unit Information
- # Tenants: Single
Lot Features
- Lot Size (Acres): 0.98
- Lot Size (Sq. Ft.): 42,900
- Lot Size Source: Assessor
- Zoning: B2
Financial Considerations
- Price Per Sq. Ft.: $204.5
- Assessment Year: 2023
- County Tax: $15,450
- County Tax Freq: Annually
- Tax w/Assessment: $1,417,533
- Tax Amount: $15,450
- Tax Year: 2023
Disclosures and Reports
- Buyer’s Brokerage Compensation: 1%
- Ownership: Fee Simple
- Investment: Yes
- Lot Number: 3
Listed by A.J. Billig & Company, Charles N Billig and A.J. Billig & Company, Luis H Arrazola
Sold by A.J. Billig & Company, Charles N Billig
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Schools
Schools serving 305 Mountain Rd
School District:Harford County Public Schools
Rating | Name | Grades | Distance |
---|---|---|---|
1901 Fallston Rd, Fallston, MD 21047 | K-5 | 3.6 mi | |
2303 Carrs Mill Rd, Fallston, MD 21047 | 6-8 | 2.1 mi | |
Fallston High School
2301 Carrs Mill Rd, Fallston, MD 21047 | 9-12 | 2.3 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 305 Mountain Rd
Date
Details
Price
Change
Source
3/11/2024
Sold
$1,165,500
94.25%
MLS
12/20/2023
Listed
$600,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
305 Mountain Road, Fallston, MD 21047 (MLS# MDHR2027876) is a Business property that was sold at $1,165,500 on March 11, 2024. Want to learn more about 305 Mountain Road? Do you have questions about finding other Business real estate for sale in Fallston? You can browse all Fallston real estate or contact a Coldwell Banker agent to request more information.