Jarrettsville, MD 21084,1700 JARRETTSVILLE RD
Jarrettsville, MD 21084,1700 JARRETTSVILLE RD
Jarrettsville, MD 21084,1700 JARRETTSVILLE RD
$2,992,500
Est. payment /mo
$1,000,000
199.3%
Est.Price: ?

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8,655 SqFt
SOLD DATE : 07/07/2023

Key Details

Sold Price $2,992,500

Property Type Commercial

Sub Type Retail

Listing Status Sold

Purchase Type For Sale

Square Footage 8,655 sqft

Price per Sqft $345

MLS Listing ID MDHR2021982

Sold Date 07/07/23

Originating Board BRIGHT

Year Built 1977

Annual Tax Amount $17,775

Tax Year 2022

Lot Size 1.930 Acres

Acres 1.93

Property Description

REAL ESTATE AUCTION featuring ON SITE and SIMULCAST ONLINE BIDDING!! Online Bidding Opens - Monday, June 19, 2023. Live On-Site Auction - Thursday, June 22, 2023 at 11:00 AM. List price is opening bid only. $187,500 NNN Annual Income.

Located at the corner of Jarrettsville Road and Federal Hill Road in Jarrettsville, Maryland, the Jarrettsville Plaza Shopping Center is a well-positioned retail strip with excellent existing income. Jarrettsville is an historic community with a rich, rural tradition going back more than 250 years. Over more recent decades, the community has expanded to include a significant number of small and mid-sized subdivisions, making the area a convenient bedroom community for those commuting to Hunt Valley, Bel Air, Towson, White Marsh and Baltimore.

The fully occupied shopping center has been anchored by a corporate owned 7-Eleven, originally Southland Corporation and now 7-Eleven, Inc., since it was constructed by the current owner in 1977. The J’Ville Grille, a well-known neighborhood restaurant, Karma Salon and Spa and Drumgoole Financial Services round out the existing tenants, who have been at the site for 4, 10 and 2 years, respectively.

The auction provides an opportunity to purchase a well-located asset with nearly 50 years of stable income, full occupancy and scheduled rent escalations. Whether a newer investor looking for a prime acquisition, or seasoned enterprise looking to add to their portfolio, the Jarrettsville Plaza Shopping Center represents an attractive investment for any real estate investor.

Location

State MD

County Harford

Zoning VB

Interior

Hot Water Other

Heating Other

Cooling Other

Heat Source Other

Exterior

Garage Spaces 62.0

Waterfront N

Water Access N

Roof Type Metal

Accessibility None

Parking Type Parking Lot

Total Parking Spaces 62

Garage N

Building

Sewer Private Septic Tank

Water Well

New Construction N

Schools

School District Harford County Public Schools

Others

Tax ID 1304042174

Ownership Fee Simple

SqFt Source Assessor

Special Listing Condition Auction

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Bright MLS (BMLS)
Listed by Charles N Billig • A.J. Billig & Company
Bought with Charles N Billig • A.J. Billig & Company

Jason Freeby

Real Estate Team Leader

+1(908) 443-1405

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