Rare B3-zoned commercial redevelopment and investment opportunity in the heart of the Fallston commercial corridor. Situated on +/- 0.55 acres, 1904 W Grove Avenue is currently improved with a well-maintained 4-bedroom, 1-bath single-family residence and a substantial 980 SF detached garage, providing a buyer with immediate utility and potential rental income while holding the property for future commercial redevelopment.
The existing residence is in good condition and includes a new electric heat pump, new tankless hot water heater and propane service for the stove and water heater. The property is currently served by private well and septic; however, both public water and public sewer are available to the site and the current owners have simply elected not to connect. The detached garage measures approximately 24' x 40' and features a large 16' wide x 8' high bay door, providing ample room for multiple vehicles, equipment or storage.
The property's primary long-term value is its B3 General Business zoning and location within an established commercial area surrounded by automotive, retail, service and other commercial development. B3 is Harford County's most intensive business zoning classification and accommodates a broad range of potential commercial uses, making the site attractive for future redevelopment, expansion or assemblage opportunities.
The property benefits from its location immediately off the heavily traveled Bel Air Road corridor, with approximately 28,800 vehicles per day, and strong surrounding demographics including approximately 100,500 residents with an average household income of $136,800 living within five miles.
With its +/- 0.55-acre site, highly desirable B3 zoning, existing usable improvements, access to public water and sewer, strong surrounding commercial development and potential for interim rental income, 1904 W Grove Avenue represents a unique opportunity to acquire a strategically located commercial property in the Fallston market with both immediate utility and long-term redevelopment potential at an attractive price point!
SITE DETAILS:
Asset: B3 Commercial Redevelopment / Investment Property,
Current Use: 2,722 SF Single-Family Residence + 980 SF Detached Garage,
Residence: 4 Bedrooms / 1 Bathroom,
Lot Size: +/- 0.55 Acres,
Zoning: B3,
Garage Size: +/- 24' W x 40' L,
Garage Door: 16' W x 8' H Bay Door,
Garage Use: Multiple Vehicles / Equipment / Storage,
Water: Private Well – Public Water Available,
Sewer: Private Septic – Public Sewer Available,
Heat: New Electric Heat Pump,
Hot Water: New Tankless Water Heater,
Gas: Propane Service for Stove and Water Heater,
Current Condition: Residence in Good Condition,
Interim Use: Residential / Garage Rental Income Potential,
Future Use: Commercial Redevelopment / Investment,
Surrounding Uses: Retail, Automotive, Service & Commercial Development,
Traffic: 28,800 CPD on Bel Air Road,
Demographics: 100K People with Avg Household Income of $136,800 living within 5miles
