2001 Conowingo Rd
Bel Air, MD 21014

$1,000,000 USD

Land For Sale • 48.86 AC

Property Details

Property Type Land
Lot Size 48.86 AC
Zoning CI

0 Transit Score

45 Walk Score

Description

The site comprises a total of 48.86 acres as detailed herein. There are two tenants on the property, a cell tower under ground lease and a traditional residential tenant. The cell tower lease is in the third of seven 5-year renewal periods with the current period ending 7/31/25 and at a current lease rate of $40,212.12 per year ($3,351.01 per month). Lease rate is tied to a CPI formula. The residential tenant is paying $1,050 per month on an annual lease through August 31, 2025 (tenant since 2007).

                
                    Highlights
                
                                Large Development City With Good Exposure
                            
                                Commercial Industrial Zoning
                            
                                Cell Tower Lease
                            
                                Adjoining NNN Leased Redner's Also Being Offered