1 Baltimore StTowson, MD 21252

Property Details for 1 Baltimore St

Year built

1907

Construction

BRICK

Lot size

0.32 AC

Property size (Sq ft)

34,212 SF

Zone code

C-5TO

Property type

Banks

APN

04-11-0648 -001

APU

4110648001

Description

This exceptional 4.3-acre commercial land parcel presents a remarkable development opportunity in Towson, Maryland. Located on Lot 1 Baltimore Street, zip code 21252, this property boasts a city street road frontage with blacktop surfacing. Utilities are readily available, including electricity, sewer, and city water. The lot is zoned CP-3, offering a wide range of potential commercial uses. Detailed covenants are in place. This building site is ideal for various commercial ventures, given its size and convenient location within Baltimore County. The property's 2023 tax assessment is available upon request. Prior to 1978 construction may have occurred on the site. This is a rare opportunity to acquire a significant commercial land holding in a thriving Maryland market. Serious inquiries are encouraged to explore the possibilities this property offers. The property is designated as a building site and is currently listed for sale. The location is within the South Baltimore area and falls under the Kirksville R-III school district (though this is likely irrelevant for commercial development).

• CAP approach

  CAP return

  Valuation

  6%

  $10,844,039

  6.5%

  $10,009,882

  7%

  $9,294,891

• Comparable approach

  Method

  Valuation

  Relative Method

  $5,423,738

  Geo Method

  $5,423,738

• Alternative Use

  Use

  Valuation

  Residential

  $8,443,710

  Hospitality

  $7,734,394

  Educational

  $6,434,924

  Medical

  $6,656,232

  Retail

  $10,009,882

Location Insight

City

Baltimore

County

Baltimore City

State

Maryland

Latitude

39.2892

Longitude

-76.6148

CBSA code

12580

CBSA name

BALTIMORE-TOWSON, MD METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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