Property Listing No Longer Available for Sale

9111 Belair Rd, Nottingham, MD

Retail for Sale - $725,000 - 3,240 Sq. Ft. on 0.35 acres


Property Info

CIMLS#1030324
Location
  9111 Belair Rd
  Nottingham MD 21236
UpdatedNovember 1st, 2018
TypeRetail
Price$725,000
Building3,240 Sq. Ft.
Land0.35 acres

Property Description

Coldwell Banker Commercial NRT is pleased to announce the exclusive sale of 9111 Belair Rd, Nottingham, MD 21236. The property is a rare opportunity to own a free standing retail-office building located to close proximity to McDonald's & Papa Johns at a low price point. The property attracts over 27,000 VPD, and has accommodation for 30 vehicles on site. Properties located in Nottingham that have recently traded with building ages ranging from 1950-1980s, 9111 Belair Rd was built in 1995. The property currently leased to multiple tenants. Currently 1,000 SF of retail space is available for lease which can be leased to other tenants or be used as an owner user space, perfect for a small business to occupy while collecting rent rolls from supporting tenants. Value add opportunity though lease up. $15,000 annual rent from Suite B&D, $58,056 Potential NOI, 8% Cap Rate through lease up phase.


Financials