8520 Commercial St, Savage, MD
Multi-family for Sale - $680,000 - 4,714 Sq. Ft. on 0.79 acres
Property Info
| CIMLS# | 929787 |
| Location 8520 Commercial St Savage MD 20763 | |
| Updated | February 27th, 2018 |
| Type | Multi-family |
| Price | $680,000 |
| Building | 4,714 Sq. Ft. |
| Land | 0.79 acres |
Property Description
8 Unit (7 leased at 7.18% cap rate, up to 8.4% Cap as 1 unit is owner-occupied) Formerly Savage Mill General Store is of outstanding significance as part of the Savage Mill District, therefore is designated on the National Register of Historic Places-eligible for a Historic Property Tax Credit (contact Howard Co for further information).
Do not Disturb- Only by appointment,LA must accompanied. Priced to sell-below county's assessment value.
Location Description:
Formerly the Savage Mill General Store, this building is of outstanding significance as part of the Savage Mill Historic District, and has been registered by Howard County and Maryland under the Historic Sites Inventory.
Highlights:
>> Fully leased except for 1 unit which is currently owner's occupied
>> Improved, with new water tanks, landscaping, Heating.
>> Historic Building eligible for a Property Tax Credit
>> Tenancy on a month to month, however some tenants have been in the property for 5+ years
>> Very Low Operating Expenses and Maintenance
>> Website: https://buildout.com/website/8520commercial
* Email for additional photos
Financials
Sold As-Is, Where-Is
Cash offers are welcome