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7917 Harford Road, Parkville, MD 21234
$550,000 Sale Pending
7917 Harford Road, Parkville, MD 21234View this property at 7917 Harford Road, Parkville, MD 21234
7917 Harford RoadParkvilleMD21234
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Property Description
Highlights: Property Owners in Baltimore County Pay Less Property Taxes Than Property Owners in Baltimore City, Providing Cost Savings & Improving Overall Cash Flow. Tenants Enjoy the Highly Trafficked Harford Road Corridor & Great Visibility of This End-Of-Group, Leading to Stable Businesses That Can Consistently Pay Rent. Managing Commercial Properties Is Less Maintenance & Less Costly: Commercial Tenants Are Responsible for Interior Plumbing, HVAC and Electrical Systems. Affordable Entry Point for Investors Ready to Move From Residential Buildings to Commercial Properties. 7915 Harford Road is home to a long-standing community pharmacy. With a waiting area in the front for customers, the Pharmacy has a large workspace and full basement for additional storage. 7917 Harford Road hosts three successful beauty salons, each offering a variety of services. The first-floor salon features a private patio on the rear of the building. Two salons have half-bathrooms and the second-floor salon features a full bathroom. 2 gas meters serve the buildings and each unit is separately metered for electric. A new 2023 40-gallon Rheem gas water heater serves the spaces. Units have individual electric heat pumps. Tenants pay all utilities, in addition to insurance and property tax pass-throughs and Common Area Maintenance (commonly known as a triple net property.) Parking for 5 cars is located behind the rear of the building. Tenants benefit from being situated on a far corner, making it easier for customers to access the stores. Just two blocks south are national tenants Giant Foods, Chipolte, Petco, Walgreens and others. Within a 5-minute drive of 7917 Harford Road, the median household income stands at $73,688. This demographic presents a demand for both locally owned establishments and national businesses, catering to diverse consumer preferences and economic profiles in the area. Frontage along Harford Road, just near the City/County line, keeps these retail spaces in high demand by tenants. Community organizations are continually working to improve the Harford Road Corridor Business Districts, improving the overall economy & quality of life for business owners and residents alike. Investors often begin their portfolios with residential properties, aspiring to transition into commercial real estate. 7915-7917 Harford Road presents an enticing opportunity for such progression at an affordable entry point. Commercial tenancies entail lower maintenance demands for building management and tenant communication, allowing an investor to allocate their time and money on other projects.
Full Property Details
Full Property Details for 7917 Harford Rd
General
- Price: $550,000
- Taxes: $2,437 (2024)
- Status: Pending
- Type: Commercial
- MLS ID: MDBC2093612
- Updated: 5/30/2024
- Added to Site: 58 day(s) ago
Business
- Business Type: Professional, Hair Salon and Spa
Parking
- Total Spaces: 5
- Parking Type: On Street, Parking Lot
Location
- County: Baltimore
- Development Name: Parkville
- Subdivision: Parkville
- Driving Directions: GPS
Heating & Cooling
- Cooling Type: Heat Pump(s)
- Cooling Fuel: Electric
- Heating Type: Radiant
- Heating Fuel: Electric
- Water Heater: Natural Gas
Utilities
- Sewer: Public Sewer
- Water: Public
Structural Information
- Construction: Brick
- Stories/Levels: 0
- Year Built: 1900
- Year Built Source: Estimated
Unit Information
- # Tenants: Multiple
Lot Features
- Lot Size (Acres): 0.1
- Lot Size (Sq. Ft.): 4,373
- Lot Size Source: Assessor
- Zoning: BL
Financial Considerations
- Price Per Sq. Ft.: $118.13
- Assessment Year: 2024
- County Tax: $2,437
- County Tax Freq: Annually
- Tax w/Assessment: $201,200
- Tax Amount: $2,437
- Tax Year: 2024
Disclosures and Reports
- Buyer’s Brokerage Compensation: 2.5%
- Ownership: Fee Simple
- Exclusions: Tenant's possessions excluded.
- Lot Number: 4
Listed by Ben Frederick Realty, Inc., Will A Cannon III
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Schools
Schools serving 7917 Harford Rd
School District:Baltimore County Public Schools
Rating | Name | Grades | Distance |
---|---|---|---|
2600 Rader Ave, Baltimore, MD 21234 | PK-5 | 0.5 mi | |
8711 Avondale Rd, Baltimore, MD 21234 | 6-8 | 0.8 mi | |
2600 Putty Hill Ave, Baltimore, MD 21234 | 9-12 | 0.9 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 7917 Harford Rd
Date
Details
Price
Change
Source
4/10/2024
Listed
$550,000
266.67%
MLS
1/17/2013
Sold
$150,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 7917 Harford Rd
Year
Property Taxes
Change
Tax Assessment
Change
2023
$1,567
-31%
$201,100
—
2022
$2,263
-6%
$201,000
—
2020
$2,413
-21%
$200,900
1%
2021
$3,048
-10%
$199,067
1%
2020
$3,375
14%
$197,233
1%
2019
$2,971
13%
$195,400
5%
2018
$2,640
-3%
$186,933
5%
2017
$2,719
-3%
$178,467
-6%
2016
$2,799
1%
$188,900
—
2015
$2,782
5%
$188,900
—
2014
$2,648
—
$188,900
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 7917 Harford Rd
7917 Harford Road, Parkville, MD 21234 (MLS# MDBC2093612) is a Commercial property. 7917 Harford Road is currently listed for $550,000 and was received on April 10, 2024. Want to learn more about 7917 Harford Road? Do you have questions about finding other Commercial real estate for sale in Parkville? You can browse all Parkville real estate or contact a Coldwell Banker agent to request more information.