Embed Size (px)
Citation preview
Suburban Location with Great AccessForest Hill is an affluent suburb of Harford County with great access to Baltimore City,
Baltimore County, southeastern PA, Philadelphia and southern Delaware. The property
location has a great employee and customer pool with 57K people residing within a 3 mile radius. The average household income is $99K. There is easy access to many professional
and personal conveniences with financial institutions, retail establishments, grocery,
pharmacy and dining all within a 2-mile radius. The new owner will benefit from the current
and future growth planned for this area.
Building & PropertyThe building is constructed of block with a brick veneer which makes for very low
maintenance. There are two loading docks and one oversized 12' x 14' ground
level drive-in at the rear of the building. Totaling 12,000 sq. ft. with 18' warehouse ceilings, the existing footprint provides great room for racking to utilize
all the space within the building. The 2,400 sq. ft. of office space is well
maintained throughout and finishes are in place for immediate move in. There is
room to add on to accomplish more office and warehouse if desired. The property
is 1.33 acres with plenty of parking and is nestled between DNR protected property that provides privacy and a nature rich environment. The Ma & Pa multi-
purpose trail that is popular for walking and biking is located off the corner of the
property.
MarketThe commercial market has seen a significant shortage of single user flex
office/industrial freestanding space. This property is zoned CI and is best suited
for a single user but could be suitable for multi-tenant use with the right mix of tenants. With out of the ground construction cost being high and risky, this
established property is a great opportunity.
Significant Improvements
• Lot clearing and installation of rear lot
• Rear drive in overhead door
• Complete tear off and installation of TPO roof
• Replacement of main HVAC unit
• Construction of Shipping and Receiving office
• Installation of 200amp sub panel
• Construction of a compressor shed
• Construction of 10' x 16' 2nd floor office
• Installation of warehouse exhaust fan
• Installation of an IP CCTV HD camera system
• Upgraded exterior doors and windows
• Access control system for the exterior opening
• Construction of a masonry demising wall to create a 36' x
45' room
24 Newport
Celebree School
Shoprite
EnotriaResturant
U-Haul
3,000 VPD
9,576 VPD
18,022 VPD Kohls
Forest Hill Lanes
Chick-Fil-a
VPD-Vehicles Per Day
Financial Summary
Sale Price: $1,700,000
Price / SF: $141.67
Monthly Rental: $13,500
Real Estate Taxes: $10,634
Water & Sewer: $1,000
Business Park Common Area Maintenance: $1,000
24 Newport Dr. Forest Hill, MD 21050
Floor Plan
Site Plan
