2010 Eastern BlvdMiddle River, MD 21220

Property Details for 2010 Eastern Blvd

Year built

1963

Construction

BRICK

Lot size

0.27 AC

Property size (Sq ft)

1,725 SF

Zone code

BLCNS

Property type

Retail properties

Property subtype

Retail space

APN

15-1507830424

APU

151507830424

Description

This 3,500 square foot vacant auto shop, located at 2010 Eastern Blvd in Middle River, Maryland, presents a unique investment opportunity. Situated on a 14,000 square foot (approximately one-third acre) corner lot, this property boasts high visibility with a daily traffic count of 37,000 vehicles. The building, constructed in 2017, features one story and includes three automotive bays in the front and one oversized bay in the rear. A fenced and secure yard enhances security. The rear door is electric and insulated, and the rear warehouse has a separate entrance. The front warehouse offers crane service. Improvements include new oil furnaces and oil tanks, a 30-year rubber roof installed in 2014, and all new low-energy lighting installed in 2019. The property is wired for 220 electric and was freshly painted in 2020. The property has three curb cuts, making it ideal for drive-thru conversion. Zoned BL-AS (Business Local, Automotive Service), this location offers significant potential. An adjacent property is available for purchase, allowing for assemblage of over one acre. This property includes two separate warehouses plus office space, both fully insulated and equipped with water bibs. The gate features 20' and 15' cantilever openings on Eastern Blvd.

• CAP approach

  CAP return

  Valuation

  6%

  $546,766

  6.5%

  $504,707

  7%

  $468,657

• Comparable approach

  Method

  Valuation

  Relative Method

  $273,470

  Geo Method

  $273,470

• Alternative Use

  Use

  Valuation

  Residential

  $425,740

  Hospitality

  $389,975

  Educational

  $324,455

  Medical

  $335,613

  Retail

  $504,707

Location Insight

City

Baltimore

County

Baltimore

State

Maryland

Latitude

39.328

Longitude

-76.4424

CBSA code

12580

CBSA name

BALTIMORE-TOWSON, MD METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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