509 Bynum Rd, Forest Hill, MD 21050
For Sale
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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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2022Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
B3 · Forest Hill, MDForest Hill. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.