404 S Philadelphia Boulevard

Description

US-40 Motel Complex has 19 approved units and $64,200 annual gross scheduled rent. The property, historically known as the Aberdeen in Town Motel, is located at the corner of Philadelphia Boulevard (US-40) and Warren Street in the heart of Aberdeen. Philadelphia Boulevard, known as Pulaski Highway through most of the span between Baltimore and Wilmington, is a major artery across the United States. The high exposure throughway generates approximately 30,000 cars per day (AADT) passing the site, according to MDOT statistics. Aberdeen Proving Ground, the largest employer in Harford County and source of thousands of residents and visitors to the area, is located approximately 3 miles south. The Amtrak Aberdeen Station is less than one-half mile north. A number of national and local retailers are located throughout the immediate area. A deceleration and turn lane for Warren Street is along northbound Philadelphia Boulevard.The site is comprised of three buildings in varying conditions with on-site parking. The front building, arranged for 5 apartments, and rear manager+GGs cottage are rented on a long-term basis. The central building has been fire damaged, partially gutted and provides ample opportunity for value-add or full redevelopment. The auction provides an opportunity to purchase a site with a long business history, existing cash flow and with a location and zoning that provides substantial investment potential. The property+GGs location within a Federally designated Opportunity Zone, providing an array of financial incentives for development, further enhances the potential for the site.