6730 Ritchie HwyGlen Burnie, MD 21061

Property Details for 6730 Ritchie Hwy

Year built

1950

Construction

BRICK

Lot size

0.48 AC

Property size (Sq ft)

732 SF

Zone code

C3

Property type

Office buildings

APN

05-325-06340500

APU

532506340500

Description

This exceptional Glen Burnie, Maryland property at 6730 Ritchie Highway offers a unique investment opportunity. The existing 5,232 square foot building, situated on a 21,000 square foot C-3 commercially zoned lot, presents significant potential. Currently configured as a flex space with two suites, the property is adaptable to various needs. Individual suites range from a minimum of 1,000 square feet up to a maximum contiguous space of 5,232 square feet, offering flexibility for businesses of different sizes. The building's masonry construction provides a solid foundation, and the property is available for a build-to-suit project or a long-term ground lease, allowing for customization to meet specific requirements. Located in the Glen Burnie submarket, with the address 6730 Ritchie Highway, Glen Burnie, MD 21061, this property benefits from excellent visibility and accessibility. The existing structure can be remodeled to suit a tenant's needs or even demolished to make way for new construction. This versatile property is ideal for businesses seeking a prime location with significant development potential in a thriving commercial area. Contact us today to explore the possibilities.

• CAP approach

  CAP return

  Valuation

  6%

  $178,881

  6.5%

  $165,121

  7%

  $153,326

• Comparable approach

  Method

  Valuation

  Relative Method

  $46,050.10

  Geo Method

  $46,050.10

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $307,372

  Retail / Commercial

  $161,086

  Mixed-Use / Specialty

  $163,245

  Hospitality / Lodging

  $123,325

  Institutional / Educational

  $170,685

  Residential Income

  $199,702

  Multifamily

  $224,363

  Automotive / Energy

  $146,302

  Parking / Income-Based Land

  $47,787.20

  Restaurant / Food Service

  $90,736.40

  Healthcare / Senior Housing

  $164,602

Location Insight

City

Glen Burnie

County

Anne Arundel

State

Maryland

Latitude

39.1902

Longitude

-76.6141

CBSA code

12580

CBSA name

BALTIMORE-TOWSON, MD METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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