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    2001 Conowingo Rd Bel Air, MD 21014-1821
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    Property profile & analytics

    2001 Conowingo Rd Bel Air, MD 21014-1821


    • Warehouses
    • 13,917 SF
    • 48.72 lot acres
    Off-Market
    Last Sale May 15, 2023
    $4,100
    Property ID
    US40-0298106
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Value Estimations
    $3,145,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Warehouses

    Property Details for 2001 Conowingo Rd

    Year built
    1940
    Construction
    BRICK
    Lot size
    48.72 lot acres
    Property size
    13,917 SF
    Zone code
    CI
    Property type
    Warehouses
    APN
    03-064387
    APU
    3064387

    Description

    This exceptional 48.86-acre commercial development site in Bel Air, Maryland, presents a unique investment opportunity. Located at 2001 Conowingo Road, the property boasts prominent frontage on US-1 (Hickory Bypass), Fountain Green Road, and Conowingo Road, ensuring high visibility and accessibility. The site is zoned CI (Commercial Industrial), allowing for a wide range of development possibilities. Currently generating income from a cell tower lease ($40,212.12 annually, with a CPI adjustment) and a residential tenant ($1,050 monthly), the property offers immediate cash flow. Improvements include a 16,617 square foot masonry building, two houses (one rented), and several outbuildings. The property is predominantly wooded, with clear areas around the existing structures. Public water is connected, and public sewer is available. The site's strategic location benefits from high traffic counts on surrounding roads (US-1: 23,302 AADT; Conowingo Road: 12,272 AADT; Fountain Green Road: 7,680 AADT) and proximity to new retail developments and a large apartment complex. The auction includes a 5% buyer's premium. The property is being sold "AS IS," subject to existing leases, easements, and any Harford County violation notices. A $100,000 deposit is required for both live and online bidders. The sale is scheduled for January 9th, 2025, at 11:05 AM, with online bidding opening January 6th, 2025. The property is being sold in fee simple, free and clear of liens, with annual real estate taxes totaling $34,569.09. This auction offers a chance to acquire a substantial development site in a rapidly growing area. The property may be sold separately or in conjunction with the adjacent Redner's property (2126 N. Fountain Green Road), depending on buyer interest. Further details are available upon request.


    Value Estimations

    based on Realmo’s proprietary methodology
    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $4,176,000
      Market price range: $1.58M - $4.18M
      AI Estimate
      $2,114,000
      Market price range: $361k - $2.11M
    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $2,470,000
      Current use
      RESTAURANT
      $4,860,000
      Change: +97% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $4,350,000
      Change: +76% Conversion: Easy
      RETAIL STORES
      $3,470,000
      Change: +40% Conversion: Moderate
      COMMERCIAL (GENERAL)
      $3,160,000
      Change: +28% Conversion: Difficult
      OFFICE BUILDING
      $2,985,000
      Change: +21% Conversion: Difficult

    Get a detailed, property-specific estimation — fast and free


    Location Insight

    • Map
    • Local Demand
    City
    Bel Air
    County
    Harford
    State
    Maryland
    Longitude
    -76.348
    Latitude
    39.5746
    CBSA code
    12580
    CBSA name
    BALTIMORE-TOWSON, MD METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $33,936
    $0.00
    $0.00
    $3,127,933
    -
    $2,949,500
    $206,900
    $3,156,400
    More about this property
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