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404 S Philadelphia BoulevardAberdeen, MD 21001Sale Price: $522,500

  • Sale Price: $522,500
  • 29 Days Since Sale
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Federal 30-year interest rate: 7.22% last updated on Nov 30, 2023
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.
  • $600,000List Price
  • 0.75Acreage

Listing Tools

US-40 Motel Complex has 19 approved units and $64,200 annual gross scheduled rent. The property, historically known as the Aberdeen in Town Motel, is located at the corner of Philadelphia Boulevard (US-40) and Warren Street in the heart of Aberdeen. Philadelphia Boulevard, known as Pulaski Highway through most of the span between Baltimore and Wilmington, is a major artery across the United States. The high exposure throughway generates approximately 30,000 cars per day (AADT) passing the site, according to MDOT statistics. Aberdeen Proving Ground, the largest employer in Harford County and source of thousands of residents and visitors to the area, is located approximately 3 miles south. The Amtrak Aberdeen Station is less than one-half mile north. A number of national and local retailers are located throughout the immediate area. A deceleration and turn lane for Warren Street is along northbound Philadelphia Boulevard. The site is comprised of three buildings in varying conditions with on-site parking. The front building, arranged for 5 apartments, and rear manager's cottage are rented on a long-term basis. The central building has been fire damaged, partially gutted and provides ample opportunity for value-add or full redevelopment. The auction provides an opportunity to purchase a site with a long business history, existing cash flow and with a location and zoning that provides substantial investment potential. The property's location within a Federally designated Opportunity Zone, providing an array of financial incentives for development, further enhances the potential for the site.

Property Details of 404 S Philadelphia Boulevard

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Listed by Luis H Arrazola and Charles N Billig of A.J. Billig & Company

Listing Sold by A.J. Billig & Company

Copyright 2023 BRIGHT, All Rights Reserved.  Information Deemed Reliable But Not Guaranteed. The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which Next Step Realty | W Home Group participates, and is provided by BRIGHT through a licensing agreement. The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.Data last updated December 2, 2023. Some properties which appear for sale on this website may no longer be available because they are under contract, have Closed or are no longer being offered for sale.

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