2901 Churchville RdChurchville, MD 21028

Property Details for 2901 Churchville Rd

Year built

1972

Construction

BRICK

Lot size

1.26 AC

Property size (Sq ft)

1,914 SF

Zone code

B3

Property type

Retail properties

Property subtype

Auto shops

APN

03-028747

APU

3028747

Description

This exceptional 56,585-square-foot retail property is situated on a 1.3-acre lot at the highly visible intersection of Churchville Road and Calvary Road in Churchville, Maryland. The property boasts a single-tenant occupancy, offering a blank canvas for a wide variety of retail businesses. Currently vacant, this expansive space presents a unique opportunity for immediate occupancy and customization. The B3 - General Business zoning allows for diverse commercial uses, making it an ideal location for businesses seeking high visibility and accessibility. The strategic location benefits from proximity to Harford Community College, a significant source of potential customers with its 8,900+ students and 1,000+ employees and faculty. The property's ample size and prime location in Harford County, Maryland, make it an attractive investment for businesses seeking to establish a strong presence in a thriving community. The address is 2901 Churchville Road, Churchville, MD 21028. This significant retail space offers unparalleled potential for growth and success. The property's size and zoning provide flexibility for a wide range of retail concepts. The high traffic count at the signalized intersection ensures maximum exposure to potential customers. This is a rare opportunity to acquire a substantial retail space in a desirable location with excellent growth potential.

• CAP approach

  CAP return

  Valuation

  6%

  $434,276

  6.5%

  $400,870

  7%

  $372,237

• Comparable approach

  Method

  Valuation

  Relative Method

  $369,847

  Geo Method

  $303,433

• Alternative Use

  Use

  Valuation

  Residential

  $338,149

  Hospitality

  $309,743

  Educational

  $257,702

  Medical

  $266,565

  Retail

  $400,870

Location Insight

City

Churchville

County

Harford

State

Maryland

Latitude

39.5587

Longitude

-76.2515

CBSA code

12580

CBSA name

BALTIMORE-TOWSON, MD METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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