Building Details

Year Built 1920

Listing Agency: Garceau Realty

Listed By: David R Feazell · License #674137 Show Phone

Source: Lgagne

Added: Apr 27 Changed: Sep 4 Last Checked: Sep 2 at 6:21PM

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Investment Insights

Based on property information with market context.

This attractive multi-tenant retail and office center is located in downtown Bel Air. The site is positioned near Bel Air Highschool and is surrounded by residential and commercial properties. Signage opportunities are available in both the front and rear of the building. The property benefits from a private parking lot located in the rear. The location is considered a prime downtown location. The surrounding area has a population of approximately 116,000 residents within a 5-mile radius, with an average household income of $130,000 within the same area. Currently, there are two office spaces available for lease on the second floor. The lease rate is $19 per square foot, gross plus utilities. Suite 202, located on the upper left, offers 1270 square feet and includes 7 private offices plus a reception area. Both office suites share two common restrooms. Access to the suites is via stairway, as there is no elevator.

Key Highlights

• Prime downtown location.
• High average household income ($130,000) within 5 miles.
• Private parking lot in rear.

Property Analytics

Property Profile

Current Use

MBA Mortgage Services ... Loan Service Maria's Carry Out Restaurant

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Grocery & Convenience Store Storage Facility Daycare Center Electrical Service Hotel & Motel

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)

Lease Type

$0.56 /SF/Yr

CAM

Location Intelligence

Trade Area within ½ mile

2,228

Businesses Nearby

Explore this area Business Placement

Demographics for 21014, MD

38,395

Population

14,975

Households

2.6

Avg Household Size

41

Median Age

45%

College-Educated

94%

High-School Grad

13.9 sq mi

ZIP Area

2,762

Density / Sq Mi

$113,825

Median Household Income

$59,656

Median Earnings

$1,571

Median Rent

$407,800

Median Home Value

Market

Vacancy Rate% for Office in South region

14.4% 2019

16.4% 2020

17.3% 2021

18% 2022

18.6% 2023

20.3% 2024

20.2% 2025

Questions? Ask Rey

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What type of property is this? Where is this retail space located? What is the lease rate? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Retail space - Multi-tenant retail and office center in a prime downtown location.

Where is this retail space located?

The property is located at 426 S Main St Unit 201 Bel Air, MD.

What is the lease rate?

The lease rate is $2,106/Mo.

What are key features of this property?

This property features: Prime downtown location.; High average household income ($130,000) within 5 miles.; Private parking lot in rear.