1400 Cherry Hill RdBaltimore, MD 21230

Property Details for 1400 Cherry Hill Rd

Year built

1968

Lot size

2.33 AC

Property size (Sq ft)

7,710 SF

Zone code

I-1

Property type

Auto shops

APN

25-05-7612E-015

APU

25057612E015

Description

This exceptional 10,000-square-foot industrial property, located at 1400 Cherry Hill Road in Baltimore, Maryland, presents a unique investment opportunity. The property boasts a flexible layout, ideal for a variety of industrial and warehouse uses, encompassing both flex and warehouse space. Currently, 7,620 square feet are immediately available for lease, offering significant potential for expansion or customization. Situated on a generous 2.5-acre lot, the property provides ample space for loading, unloading, and outdoor storage. The building features 59 total parking spaces, ensuring convenient access for employees and clients. The property is zoned I-1, allowing for a wide range of permitted uses. Its location in Baltimore County, Maryland, zip code 21230, offers easy access to major transportation routes, making it an attractive location for businesses seeking efficient logistics and distribution capabilities. The multiple tenancy structure provides flexibility for various business needs. This property is an excellent choice for businesses seeking a versatile and strategically located industrial space in the Baltimore area. The available space is ready for immediate occupancy.

• CAP approach

  CAP return

  Valuation

  6%

  $2,443,808

  6.5%

  $2,255,822

  7%

  $2,094,692

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,222,291

  Geo Method

  $1,222,291

• Alternative Use

  Use

  Valuation

  Residential

  $1,902,870

  Hospitality

  $1,743,019

  Educational

  $1,450,172

  Medical

  $1,500,045

  Retail

  $2,255,822

Location Insight

City

Baltimore

County

Baltimore City

State

Maryland

Latitude

39.2524

Longitude

-76.6325

CBSA code

12580

CBSA name

BALTIMORE-TOWSON, MD METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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