412 Eastern BlvdEssex, MD 21221

Property Details for 412 Eastern Blvd

Year built

1945

Construction

BRICK

Lot size

0.08 AC

Property size (Sq ft)

2,950 SF

Zone code

BL

Property type

Retail space

APN

15-1519711101

APU

151519711101

Description

This exceptional 2,950 square foot retail property, located at 412 Eastern Boulevard in Essex, Maryland, presents a unique investment or owner-user opportunity. Situated on a 0.08-acre lot, the building is currently vacant, offering immediate flexibility for a wide range of commercial uses. The property boasts attractive features including soaring ceilings and an open-concept layout, providing ample space for customization and adaptation to suit diverse business needs. Previously used as a Brazilian Jiu Jitsu gym, the building's adaptable design makes it ideal for various retail or commercial ventures. The property benefits from a flexible BL zoning designation, expanding its potential uses and attracting a broader range of prospective tenants or owner-operators. Adding to its appeal, the location is within a revitalizing area of Essex, and grants are available for facade improvements, further enhancing the property's value and curb appeal for new businesses. Priced affordably at $375,000, this property represents a compelling investment opportunity with significant upside potential in a growing community. The open floor plan and high ceilings offer a blank canvas for creative business development, making it an attractive proposition for entrepreneurs and investors alike. Don't miss this chance to be part of Essex's ongoing revitalization.

• CAP approach

  CAP return

  Valuation

  6%

  $935,050

  6.5%

  $863,123

  7%

  $801,471

• Comparable approach

  Method

  Valuation

  Relative Method

  $467,673

  Geo Method

  $467,673

• Alternative Use

  Use

  Valuation

  Residential

  $728,076

  Hospitality

  $666,914

  Educational

  $554,865

  Medical

  $573,947

  Retail

  $863,123

Location Insight

City

Essex

County

Baltimore

State

Maryland

Latitude

39.3077

Longitude

-76.4784

CBSA code

12580

CBSA name

BALTIMORE-TOWSON, MD METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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