204 Carroll Island RdMiddle River, MD 21220

Property Details for 204 Carroll Island Rd

Construction

BRICK

Lot size

0.58 AC

Property size (Sq ft)

2,640 SF

Zone code

BLCCC

Property type

Retail properties

Property subtype

Grocery and convenience stores

APN

15-1519610920

APU

151519610920

Description

This auction presents a prime redevelopment opportunity for a vacant, 2,640 square foot freestanding retail building situated on a 0.58-acre lot in Middle River, Maryland. Previously a 7-Eleven, this single-story building boasts a convenient location at the intersection of Bowleys Quarters Road (16,541 VPD) and Carroll Island Road (15,651 VPD), offering exceptional visibility and high traffic counts totaling approximately 32,192 vehicles per day. The property is shadow-anchored by a Walmart and benefits from proximity to other national retailers including Dollar Tree, True Value, Advance Auto Parts, Dunkin', McDonald's, and Walgreens. The property features 12 surface parking spaces. Zoned BL (Business Local), this versatile property allows for a variety of uses, including retail, restaurant, financial, office, medical clinic, and car wash (with special exception). The surrounding area is densely populated, with approximately 111,830 people residing within a 5-mile radius and an average household income of approximately $94,390. The auction begins at $150,000 and takes place November 4-6, 2024. The property is vacant and ready for immediate occupancy starting September 1, 2024. This fee simple ownership offers significant potential for value enhancement through lease-up or owner-occupancy. The property's address is 204 Carroll Island Rd, Middle River, MD 21220.

• CAP approach

  CAP return

  Valuation

  6%

  $836,790

  6.5%

  $772,422

  7%

  $717,249

• Comparable approach

  Method

  Valuation

  Relative Method

  $418,528

  Geo Method

  $418,528

• Alternative Use

  Use

  Valuation

  Residential

  $651,567

  Hospitality

  $596,832

  Educational

  $496,557

  Medical

  $513,634

  Retail

  $772,422

Location Insight

City

Middle River

County

Baltimore

State

Maryland

Latitude

39.3371

Longitude

-76.3981

CBSA code

12580

CBSA name

BALTIMORE-TOWSON, MD METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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