3209 Solomons Island RdEdgewater, MD 21037

Property Details for 3209 Solomons Island Rd

Year built

1995

Construction

BRICK

Lot size

10.07 AC

Property size (Sq ft)

3,730 SF

Zone code

C3

Property type

Drive through restaurants

APN

01-753-90086423

APU

175390086423

Description

The Market at South River Colony, located at 3209 Solomons Island Rd, Edgewater, MD 21037, presents a unique opportunity for retail businesses seeking space in a thriving Anne Arundel County neighborhood center. This grocery-anchored property boasts a total of 118,105 square feet, offering multiple tenancy options. Currently, there are 28,952 square feet of vacant space available, divisible into units ranging from a minimum of 1,155 square feet to a maximum contiguous space of 10,168 square feet. The center enjoys a strong tenant mix, including established businesses such as Weis Markets, Walgreens, Popeyes, Greene Turtle, Ur Burger, Sandy Spring Bank, and First National Bank, creating a vibrant and attractive shopping destination. This prime location in Edgewater offers excellent visibility and accessibility, making it an ideal setting for a variety of retail ventures. The property's strategic placement within Anne Arundel County ensures a substantial customer base and significant growth potential. Interested parties are encouraged to inquire about the available spaces and explore the possibilities of establishing their business within this successful retail center.

• CAP approach

  CAP return

  Valuation

  6%

  $886,201

  6.5%

  $818,032

  7%

  $759,601

• Comparable approach

  Method

  Valuation

  Relative Method

  $549,088

  Geo Method

  $591,329

• Alternative Use

  Use

  Valuation

  Residential

  $690,041

  Hospitality

  $632,074

  Educational

  $525,878

  Medical

  $543,964

  Retail

  $818,032

Location Insight

City

Edgewater

County

Anne Arundel

State

Maryland

Latitude

38.9276

Longitude

-76.5655

CBSA code

12580

CBSA name

BALTIMORE-TOWSON, MD METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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