SOLD
$672,000
Sold Date 07/20/2023
2402 PLEASANTVILLE RD
Fallston, MD 21047
0.71
Acres Lot
Other
66 days on Nestfully
21 views
REAL ESTATE AUCTION featuring ON SITE and SIMULCAST ONLINE BIDDING!! Online Bidding Opens - Monday, June 19, 2023. Live On Site Auction - Wednesday, June 21, 2023 at 1:00 PM. List price is opening bid only. $54,648+ NNN Annual Income. 2402 Pleasantville Road, known as Acapella Italian Restaurant, is located in the Fallston area in Harford County. Located near the intersection of Fallston Road (MD-152), the site affords a convenient location for those consumers who live nearby, in addition to those visiting the area.Acapella is a well-known Italian eatery in the area, featuring lunch and dinner service, catering and hosted events. The restaurant boasts a 4.4 star rating on Google among 475 reviews, many of which rave about the excellent pizza and service. The restaurant has been located at the site for nearly 10 years, and has been both a community favorite and destination location throughout that time.The auction provides an opportunity to purchase a stabilized investment with an asset that is exceedingly well-demanded in the area. There is a low density of retail investments in much of Harford County, notably outside of Bel Air and Edgewood, making the site a rarely available investment opportunity. A good rental history, good product and limited availability should make the site attractive for investors of all types.
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