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    509 Bynum Rd Forest Hill, MD 21050

    Sponsored
    For Sale
    $875,000

    2.3 Acres, Fully Approved Retail Site

    Property size:
    2,400 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    396
    This exceptional 2.3-acre commercial land parcel, located at 509-517 Bynum Road in Forest Hill, Maryland, presents a unique investment opportunity. Zoned B3, the property boasts full site approvals, including stormwater management (SWM) and off-site improvements, allowing for an immediate start on construction. A grading permit is readily available. The site is approved for a 12,000 square foot retail building, with potential for outdoor seating, catering to the high-end residential neighborhood nearby. Utilities are conveniently located on-site. This prime location offers excellent visibility and accessibility, situated on Route 1 with a daily traffic count of 40,000 vehicles. The asking price is $875,000, reflecting a land value of $650,000 per acre. The property features public water and sewer services. Building square footage can range from 2,400 to 6,400 square feet, depending on the developer's plans. A ground lease option is available. This is a turnkey opportunity for immediate development, poised for success in a thriving market. The zip code is 21050, and the property is in Harford County.

    Property Features for 509 Bynum Rd

    General Information

    Property type
    Land
    Square Feet
    2,400 SF
    Lot Size
    100,188 SF

    HighLights

    • 2.3‑acre commercial lot zoned B3 in Forest Hill, MD (21050), Harford County.
    • Located on Route 1 with 40,000 daily traffic count, offering excellent visibility.
    • Fully approved site plans including stormwater management (SWM) and grading permit, ready for immediate construction.
    • Public water and sewer available.
    • Approved for a 12,000 sq ft retail building with potential for outdoor seating, near a high‑end residential neighborhood.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Forest Hill
    County
    Harford
    State
    Maryland
    Longitude
    -76.3554219
    Latitude
    39.5663741

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    FAQs

    What type of property is this?
    Land - 2.3 Acres, Fully Approved Retail Site
    Where is this land located?
    The property is located at 509 Bynum Rd Forest Hill, MD.
    What is the asking price?
    The asking price for this property is $875,000.
    What are key features of this property?
    This property features: 2.3-acre commercial lot zoned B3 in Forest Hill, MD (21050), Harford County.; Located on Route 1 with 40,000 daily traffic count, offering excellent visibility.; Fully approved site plans including stormwater management (SWM) and grading permit, ready for immediate construction.
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    509 Bynum Rd Forest Hill, MD 21050
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