2001 Conowingo Rd - 2001 Conowingo Road

REAL ESTATE AUCTION
Featuring Live & Simulcast Online Bidding
$1,000,000 Opening Bid
ESTATE SALE
HARFORD COUNTY
Bel Air – Hickory Area
48+ ACRE COMMERCIAL DEVELOPMENT SITE
Zoned CI – Commercial Industrial
Existing Cash Flow
Known As:
2001 CONOWINGO ROAD
Fronts on Hickory Bypass (US-1), Fountain Green Road,
Conowingo Road & Evergreen Road
Bel Air, Harford County, MD 21014
Sale to be Held:
Redner’s Fresh Market – Parking Lot
2126 N. Fountain Green Road
Bel Air, MD 21015
Online Bidding Opens
MONDAY, JANUARY 6, 2025
Live On-Site Auction
THURSDAY, JANUARY 9, 2025 AT 11:05 A.M.
NOTE: The information contained herein has been obtained from sources deemed reliable and is believed to be accurate. However, no express or implied warranty is made or may be inferred from any such representation. Dimensions, square footage and acreage contained herein are more or less. Prospective purchasers are encouraged to perform their own due diligence, in advance of the auction, regarding the permitted uses of the property. List price is opening bid only. See broker's website for due diligence access and registration.
LOCATION:
2001 Conowingo Road is located in the Hickory or northern Bel Air area in Harford County. The area, known as largely agricultural historically, has seen good, sustained development over the past few decades. Consistent residential development has been underway since the early 1990’s, adding to the subdivisions that began to appear in the area in the 1950’s through the 1970’s. A number of subdivisions in immediate proximity to the site were constructed in the 1990’s and 2000’s. The community serves as a convenient place to live for those working in the immediate area, as well as those commuting throughout the I-95 corridor and surrounding employment centers.
The intersection of Conowingo Road, US-1 and Fountain Green Road has been a hub of local commercial activity since the 1940’s, with the pace of commercial escalating in the late 1990’s, early 2000’s and over the past few years. That commercial development has been predicated on expanding population and overall consumer dollars. A new 184-unit apartment complex known as “five43 Apartments” is opposite the Fountain Green Road access to the subject property. New Royal Farms, Taco Bell and Dunkin stores are at the same intersection.
Exposure at the site is exceptional. With frontage on Fountain Green Road, Conowingo Road and US-1/Hickory Bypass, the site provides visibility along both a major highway and more localized commuter routes. According to MDOT statistics, the nearby traffic counts are 23,302 cars per day along US-1/Hickory Bypass, 12,272 along Conowingo Road and 7,680 along Fountain Green Road (all AADT).
The auction provides an opportunity to purchase one of the largest commercial development sites in Harford County, and in a location with sufficient demand to support a variety of development strategies.
For more information about the area, please visit:
Harford County, MD – www.harfordcountymd.gov
Harford County WebGIS – hcggis.harfordcountymd.gov
SITE:
The site comprises a total of 48.86 acres as detailed below. 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).
Site detail:
Tax ID: 03-064387
48.87 Acres
Improvements include a masonry building comprising 16,617 square feet of gross building area, formerly leased to Baker Forest Products, two houses (one rented) and a collection of other temporary or small outbuildings.
The lot has road frontage on Conowingo Road (approx. 600') and N. Fountain Green Road (approx. 100')
Visibility along Hickory Bypass/US-1 for approximately 2,300'
Access may be possible from Evergreen Road
The lot is predominantly wooded with clear areas around the Baker Forest Products site
Topography is gently sloping from north to south. Approximately 470' of elevation along the northern side, and 430' along the southern corner
Two small streams and some wetlands are believed to be in the middle of the property, impacting approximately 10 acres.
Public water and sewer are available. Public water is connected.
Please complete a Waiver and Confidentiality agreement to obtain copies of the leases.
ZONING:
C I – Commercial Industrial
According to the Harford County Zoning Department, the Commercial Industrial district “is intended for industrial, office, and business uses of a moderate scale and intensity.” A very large variety of commercial and industrial uses are permissible within this district. A table of permitted uses is linked below.
For more information about Harford County Zoning, please visit:
Zoning Administration – www.harfordcountymd.gov
TITLE:
In fee simple; sold free and clear of liens.
TAXES:
Published annual real estate taxes are:
2001 Conowingo Road: $34,569.09 based on a full value tax assessment of $3,186,000.
MANNER OF SALE:
2001 Conowingo Road may be offered in conjunction with 2126 N. Fountain Green Road (Redner’s), both separately and as an entirety, based on buyer interest and as directed by the Estate. Confirmation as to intended methodology will be announced in advance of the auction day.
Parties intending to participate in this auction, 2126 N. Fountain Green Road or both should email Charles@ajbillig.com with their preferred method of offerings.
SUMMARY TERMS OF SALE: Please see the contract of sale contained herein for complete terms.